REGISTERED NUMBER: 08927622 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Period 7 March 2014 to 31 March 2015

for

Steeple Fibre Ltd

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mrs J Clark

G Clark

REGISTERED OFFICE:

27 Cromwell Road

Flitch Green

Dunmow

Essex

CM6 3GE

REGISTERED NUMBER:

08927622 (England and Wales)

ACCOUNTANTS:

CH Accountancy

27 Cromwell Road

Flitch Green

Dunmow

Essex

CM6 3GE

The directors present their report with the financial statements of the company for the period 7 March 2014 to 31 March 2015.

INCORPORATION

The company was incorporated on 7 March 2014 and commenced trading on 1 April 2014.

DIRECTORS

The directors who have held office during the period from 7 March 2014 to the date of this report are as follows:

Mrs J Clark - appointed 7 March 2014

G Clark - appointed 7 March 2014

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

G Clark - Director

25 June 2015

TURNOVER

360,591

Cost of sales

202,286

GROSS PROFIT

158,305

Administrative expenses

43,614

OPERATING PROFIT

2

114,691

Interest receivable and similar income

199

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

114,890

Tax on profit on ordinary activities

3

23,448

PROFIT FOR THE FINANCIAL PERIOD

91,442

FIXED ASSETS

Tangible assets

5

9,142

CURRENT ASSETS

Debtors

6

77,035

Cash at bank and in hand

45,815

122,850

CREDITORS

Amounts falling due within one year

7

99,536

NET CURRENT ASSETS

23,314

TOTAL ASSETS LESS CURRENT LIABILITIES

32,456

CAPITAL AND RESERVES

Called up share capital

8

(100

)

Profit and loss account

9

32,556

SHAREHOLDERS' FUNDS

32,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 25 June 2015 and were signed on its behalf by:

G Clark - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

3,048

Loss on disposal of fixed assets

1,500

Directors' remuneration and other benefits etc

15,840

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

£

Current tax:

UK corporation tax

23,448

Tax on profit on ordinary activities

23,448

4.

DIVIDENDS

£

Ordinary A shares of 1 each

Final

29,443

Ordinary B shares of 1 each

Final

29,443

58,886

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

15,190

Disposals

(3,000

)

At 31 March 2015

12,190

DEPRECIATION

Charge for period

3,048

At 31 March 2015

3,048

NET BOOK VALUE

At 31 March 2015

9,142

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

77,035

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

48,405

Other creditors

51,131

99,536

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50

Ordinary A

1

(50

)

50

Ordinary B

1

(50

)

(100

)

9.

RESERVES

Profit

and loss

account

£

Profit for the period

91,442

Dividends

(58,886

)

At 31 March 2015

32,556

10.	RELATED PARTY DISCLOSURES

G Clark

£

Amount due to related party at the balance sheet date

24,859

Mrs J Clark

£

Amount due to related party at the balance sheet date

24,859

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G & Mrs C Clark.