Registered number
05185410
SOMERSET DISTRIBUTION UK LIMITED
Abbreviated Accounts
31 March 2016
SOMERSET DISTRIBUTION UK LIMITED
Registered number: 05185410
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 5,610 7,480
Current assets
Stocks 70,786 101,530
Debtors 98,904 85,532
Cash at bank and in hand 111,872 87,103
281,562 274,165
Creditors: amounts falling due within one year (172,710) (147,117)
Net current assets 108,852 127,048
Net assets 114,462 134,528
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 114,362 134,428
Shareholders' funds 114,462 134,528
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.
The 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 13 December 2016
SOMERSET DISTRIBUTION UK LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 January 2015).
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.
Plant and machinery 20% 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 2015 9,348
At 31 March 2016 9,348
Depreciation
At 1 April 2015 1,868
Charge for the year 1,870
At 31 March 2016 3,738
Net book value
At 31 March 2016 5,610
At 31 March 2015 7,480
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
A Ordinary shares £1 each 50 50 50
B Ordinary shares £1 each 50 50 50
100 100
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