REGISTERED NUMBER: 07295222 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 July 2012 to 30 September 2013

for

SDN Pallets Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M D Naylor

S G Naylor

REGISTERED OFFICE:

Gamston Airfield

Gamston

Retford

Nottinghamshire

DN22 0QL

REGISTERED NUMBER:

07295222 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Intangible assets

2

675,000

Tangible assets

3

19,757

694,757

CURRENT ASSETS

Stocks

83,727

Debtors

533,205

Cash at bank and in hand

92,651

709,583

CREDITORS

Amounts falling due within one year

1,371,111

NET CURRENT LIABILITIES

(661,528

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,229

CREDITORS

Amounts falling due after more than one year

16,988

NET ASSETS

16,241

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

16,231

SHAREHOLDERS' FUNDS

16,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 June 2014 and were signed on its behalf by:

M D Naylor - Director

S G Naylor - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2012

and 30 September 2013

750,000

AMORTISATION

Amortisation for period

75,000

At 30 September 2013

75,000

NET BOOK VALUE

At 30 September 2013

675,000

At 30 June 2012

750,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

22,585

At 30 September 2013

22,585

DEPRECIATION

Charge for period

2,828

At 30 September 2013

2,828

NET BOOK VALUE

At 30 September 2013

19,757

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

10