Abbreviated Company Accounts - SOUTH EAST GARAGE DOORS LIMITED

06950008 SOUTH EAST GARAGE DOORS LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 06950008 2012-11-01 2013-10-31 06950008 2013-10-31 06950008 2012-10-31 06950008 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 06950008 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:Director3 2012-11-01 2013-10-31 uk-gaap-cd-bus:Director3 2013-10-31 uk-gaap-cd-bus:Director3 2012-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 06950008

SOUTH EAST GARAGE DOORS LIMITED

Abbreviated Accounts

31 October 2013

SOUTH EAST GARAGE DOORS LIMITED Registered Number 06950008

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	9,049	10,880
		9,049	10,880
Current assets
Stocks		13,300	16,784
Debtors		21,636	10,802
Cash at bank and in hand		6,741	1,841
		41,677	29,427
Creditors: amounts falling due within one year		(47,173)	(66,057)
Net current assets (liabilities)		(5,496)	(36,630)
Total assets less current liabilities		3,553	(25,750)
Creditors: amounts falling due after more than one year		(32,505)	(25,504)
Total net assets (liabilities)		(28,952)	(51,254)
Capital and reserves
Called up share capital	3	60	60
Profit and loss account		(29,012)	(51,314)
Shareholders' funds		(28,952)	(51,254)

For the year ending 31 October 2013 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 29 July 2014

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 2013

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).

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

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 calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 20% reducing balance
Computer equipment - 33% on cost
Motor vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 November 2012	17,922
Additions	1,090
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	19,012
Depreciation
At 1 November 2012	7,042
Charge for the year	2,921
On disposals	-
At 31 October 2013	9,963
Net book values
At 31 October 2013	9,049
At 31 October 2012	10,880

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
60 A Ordinary shares of £1 each	60	60

4Transactions with directors

Name of director receiving advance or credit:	R Veitch
Description of the transaction:	Director's loan account
Balance at 1 November 2012:	£ 3,031
Advances or credits made:	£ 1,564
Advances or credits repaid:	£ 3,031
Balance at 31 October 2013:	£ 1,564

The outstanding loan above was fully repaid to the company by 31 July 2014.