Registered number
00712221
A E SUTTON LTD
Abbreviated Accounts
31 March 2013
A E SUTTON LTD
Registered number: 00712221
Abbreviated Balance Sheet
as at 31 March 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 1,876,433 2,018,932
Investments 3 - 1,000
1,876,433 2,019,932
Current assets
Stocks 158,625 162,290
Debtors 723,176 780,534
Cash at bank and in hand 180,733 201,759
1,062,534 1,144,583
Creditors: amounts falling due within one year (848,245) (1,027,735)
Net current assets 214,289 116,848
Total assets less current liabilities 2,090,722 2,136,780
Creditors: amounts falling due after more than one year (438,333) (566,566)
Provisions for liabilities (91,215) (110,513)
Net assets 1,561,174 1,459,701
Capital and reserves
Called up share capital 5 42,972 42,542
Profit and loss account 1,518,202 1,417,159
Shareholders' funds 1,561,174 1,459,701
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
S J SUTTON
Director
Approved by the board on 23 December 2013
A E SUTTON LTD
Notes to the Abbreviated Accounts
for the year ended 31 March 2013
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
General & specialist plant & Equipment 10% per annum on cost
Very short life sundry plant & equipment 20% per annum on cost
Computer equipment 25% per annum on cost
Fixtures & fittings 5% per annum on cost
Cars 35% reducing balance
Commercial vehicles 25% reducing balance
Factory building 2% per annum on cost
Land Not depreciated
Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete, deteriorated and slow moving stocks. Cost includes all direct costs and an appropriate proportion of the fixed and variable overheads.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant rate of charge on the net obligation outstanding in each period.
Pensions
The company operates two defined contribution pension schemes and one defined benefit pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the schemes.
2 Tangible fixed assets £
Cost
At 1 April 2012 2,872,849
Additions 10,981
Disposals (45,071)
At 31 March 2013 2,838,759
Depreciation
At 1 April 2012 853,917
Charge for the year 139,478
On disposals (31,069)
At 31 March 2013 962,326
Net book value
At 31 March 2013 1,876,433
At 31 March 2012 2,018,932
3 Investments £
Cost
At 1 April 2012 1,000
Disposals (1,000)
At 31 March 2013 -
4 Loans 2013 2012
£ £
Creditors include:
Amounts falling due for payment after more than five years 96,525 155,240
5 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 42,972 42,972 42,542
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - 430
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S J Sutton
Short Term Current Account 3,344 56,791 (57,975) 2,160
3,344 56,791 (57,975) 2,160
A E SUTTON LTD 00712221 false true 2012-04-01 2013-03-31 2013-03-31 S J SUTTON 00712221 uk-gaap:MoreThanFiveYears 2012-03-31 00712221 uk-bus:OrdinaryShareClass1 2012-03-31 00712221 2012-04-01 2013-03-31 00712221 uk-bus:Director40 2012-04-01 2013-03-31 00712221 uk-gaap:PlantMachinery 2012-04-01 2013-03-31 00712221 uk-gaap:MotorVehicles 2012-04-01 2013-03-31 00712221 uk-bus:OrdinaryShareClass1 2012-04-01 2013-03-31 00712221 uk-bus:Director2 2012-04-01 2013-03-31 00712221 uk-bus:AllEntityOfficers 2012-04-01 2013-03-31 00712221 2013-03-31 00712221 uk-gaap:MoreThanFiveYears 2013-03-31 00712221 uk-bus:OrdinaryShareClass1 2013-03-31 00712221 uk-bus:Director2 2013-03-31 00712221 uk-bus:AllEntityOfficers 2013-03-31 00712221 2012-03-31 00712221 uk-bus:Director2 2012-03-31 00712221 uk-bus:AllEntityOfficers 2012-03-31 iso4217:GBP xbrli:shares