REGISTERED NUMBER: |
ALLMAND-SMITH LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST DECEMBER 2013 |
REGISTERED NUMBER: |
ALLMAND-SMITH LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST DECEMBER 2013 |
ALLMAND-SMITH LIMITED (REGISTERED NUMBER: 00960001) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST DECEMBER 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Report of the Accountants | 6 |
ALLMAND-SMITH LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2013 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
ALLMAND-SMITH LIMITED (REGISTERED NUMBER: 00960001) |
ABBREVIATED BALANCE SHEET |
31ST DECEMBER 2013 |
2013 | 2012 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ALLMAND-SMITH LIMITED (REGISTERED NUMBER: 00960001) |
ABBREVIATED BALANCE SHEET - continued |
31ST DECEMBER 2013 |
The financial statements were approved by the Board of Directors on by: |
ALLMAND-SMITH LIMITED (REGISTERED NUMBER: 00960001) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST DECEMBER 2013 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover |
Turnover represents the value of all goods sold during the year, less returns received, at selling price excluding |
value added tax. Sales are recognised at the point at which the company has fulfilled its contractual obligation. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Cost is calculated on a first-in first-out basis and is based on invoiced cost. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair |
value and are depreciated in accordance with the above depreciation policy. |
Future instalments under such agreements, net of finance charges, are included within creditors. Rentals payable |
are apportioned between the capital element, which reduces the outstanding obligation included within creditors, |
and the finance element, which is charged to the profit and loss account on a straight line basis. |
Investment property |
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) the investment |
properties are included in the balance sheet at open market value, as valued by the Directors. |
This accounting policy is a departure from the Companies Act 2006, which requires all fixed assets to be |
depreciated. In the opinion of the Directors the departure is required for the accounts to give a true and fair view. |
Accounting estimates |
Accounting estimates included within the financial statements are depreciation and provisions for bad debts and |
obsolete stock. All estimates are made on a line-by-line basis using the directors' knowledge and expertise. The |
directors do not consider there to be any areas of significant judgement. |
ALLMAND-SMITH LIMITED (REGISTERED NUMBER: 00960001) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2013 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st January 2013 |
Additions |
At 31st December 2013 |
DEPRECIATION |
At 1st January 2013 |
Charge for year |
At 31st December 2013 |
NET BOOK VALUE |
At 31st December 2013 |
At 31st December 2012 |
Fixed assets leased to related businesses |
During the year, a total of £73,417 (2012 : £69,664) was receivable for the hire of plant and equipment under |
operating leases. No assets were purchased specifically to be leased out, and all assets used for such purposes are |
also used for the main trade of the company. |
At the balance sheet date, tangible fixed assets include assets held under hire purchase contracts which had a net |
book value of £178,943 (2012 : £180,540) and on which depreciation of £21,384 (2012 : £22,062) was charged |
in the year. |
3. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2013 | 2012 |
£ | £ |
Freehold investment property | 129,935 | 129,935 |
4. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
2013 | 2012 |
£ | £ |
Repayable by instalments | 97,671 | - |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | £1 |
ALLMAND-SMITH LIMITED |
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
ALLMAND-SMITH LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended |
31st December 2013 set out on pages nil to nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to |
fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
14th August 2014 |