Registered Number 06950008

SOUTH EAST GARAGE DOORS LIMITED

Abbreviated Accounts

31 October 2012

SOUTH EAST GARAGE DOORS LIMITED Registered Number 06950008

Abbreviated Balance Sheet as at 31 October 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 10,880 8,376
10,880 8,376
Current assets
Stocks 16,784 15,150
Debtors 10,802 16,760
Cash at bank and in hand 1,841 3,775
29,427 35,685
Creditors: amounts falling due within one year (66,057) (69,686)
Net current assets (liabilities) (36,630) (34,001)
Total assets less current liabilities (25,750) (25,625)
Creditors: amounts falling due after more than one year (25,504) (21,956)
Total net assets (liabilities) (51,254) (47,581)
Capital and reserves
Called up share capital 60 60
Profit and loss account (51,314) (47,641)
Shareholders' funds (51,254) (47,581)
  • For the year ending 31 October 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 July 2013

And signed on their behalf by:
M A Veitch, Director

SOUTH EAST GARAGE DOORS LIMITED Registered Number 06950008

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

1Accounting Policies

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calulated to write off the cost less estimated residual value of each assets over its expected useful life.

2Tangible fixed assets
£
Cost
At 1 November 2011 11,061
Additions 6,861
Disposals -
Revaluations -
Transfers -
At 31 October 2012 17,922
Depreciation
At 1 November 2011 2,685
Charge for the year 4,357
On disposals -
At 31 October 2012 7,042
Net book values
At 31 October 2012 10,880
At 31 October 2011 8,376

3Transactions with directors

Name of director receiving advance or credit: R Veitch
Description of the transaction: Directors Loan account
Balance at 1 November 2011: £ 948
Advances or credits made: £ 2,083
Advances or credits repaid: -
Balance at 31 October 2012: £ 3,031

The outstanding loan above was fully repaid to the company by 30 July 2013.