Registered number
05185410
SOMERSET DISTRIBUTION UK LIMITED
Abbreviated Accounts
31 March 2013
SOMERSET DISTRIBUTION UK LIMITED
Registered number: 05185410
Abbreviated Balance Sheet
as at 31 March 2013
Notes 2013 2012
£ £
Current assets
Stocks 158,417 46,215
Debtors 74,401 70,419
Cash at bank and in hand 68,639 72,585
301,457 189,219
Creditors: amounts falling due within one year (253,498) (132,661)
Net current assets 47,959 56,558
Net assets 47,959 56,558
Capital and reserves
Called up share capital 3 100 2
Profit and loss account 47,859 56,556
Shareholders' funds 47,959 56,558
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.
A J Mellor
Director
Approved by the board on 16 October 2013
SOMERSET DISTRIBUTION UK LIMITED
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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
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.
2 Tangible fixed assets £
Cost
At 1 April 2012 7,302
At 31 March 2013 7,302
Depreciation
At 1 April 2012 7,302
At 31 March 2013 7,302
Net book value
At 31 March 2013 -
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
A Ordinary shares £1 each 50 50 -
B Ordinary shares £1 each 50 50 -
100 -
Ordinary shares £1 each - - 2
100 2
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each 98 98
By Ordinary Resolution dated the 13th of June 2012 the existing 100 Ordinary Shares
of £1 each were converted and re-designated as 50 A Ordinary Shares of £1 each and
50 B Ordinary Shares of £1 each.
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