Registered Number 04266752

SCAMMELL COMMERCIAL LIMITED

Abbreviated Accounts

31 August 2012

SCAMMELL COMMERCIAL LIMITED Registered Number 04266752

Abbreviated Balance Sheet as at 31 August 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 314,355 239,651
314,355 239,651
Current assets
Stocks 7,750 6,250
Debtors 263,539 242,217
Cash at bank and in hand 326 -
271,615 248,467
Creditors: amounts falling due within one year (352,890) (298,680)
Net current assets (liabilities) (81,275) (50,213)
Total assets less current liabilities 233,080 189,438
Creditors: amounts falling due after more than one year (90,396) (66,333)
Provisions for liabilities (31,180) (31,750)
Total net assets (liabilities) 111,504 91,355
Capital and reserves
Called up share capital 1,052 2
Profit and loss account 110,452 91,353
Shareholders' funds 111,504 91,355
  • For the year ending 31 August 2012 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 May 2013

And signed on their behalf by:
Mr D M Scammell, Director

SCAMMELL COMMERCIAL LIMITED Registered Number 04266752

Notes to the Abbreviated Accounts for the period ended 31 August 2012

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 September 2011 561,219
Additions 179,493
Disposals -
Revaluations -
Transfers -
At 31 August 2012 740,712
Depreciation
At 1 September 2011 321,568
Charge for the year 104,789
On disposals -
At 31 August 2012 426,357
Net book values
At 31 August 2012 314,355
At 31 August 2011 239,651

3Transactions with directors

The directors have made a loan to the company of £101,122 (2011 - £606) which is dislosed within Creditors: Amounts falling due within one year.

There are no formal terms of repayment or interest charged on this loan.