Registered Number 987654

Small Company Ltd

Report and Accounts

31 October 2005


Small Company Ltd Registered Number 987654

Company Information


Registered Office:
5 Bridge Street
Swansea
Wales
SA11 2JE

Business Address:
UK Head Office
12 Some Street
Bridgend
Wales
CF45 8UK


Reporting Accountants:
A N Accountant
Registered Auditors
High Street
Cardiff
CF45 8UI

Bankers:
TSB Ltd
High Street
Cardiff
CF13 6YU

Solicitors:
A Solicitor
High Street
Cardiff
CF13 6HT

VAT registration number 123456789

Small Company Ltd Registered Number 987654

Directors' Report

The directors present their report and accounts for the year ended 31 October 2005.

Principal Activity

The company's principal activity during the year was the production of widgets for the aerospace market
Director's report general text from the instance document.

Political And Charitable Donations

Free text if required

Directors: E Peters
G Rich Resigned 23 February 2003
M Jones Appointed 23 February 2003
Secretary: S Penfold

Directors share capital free text note

Directors Report free text note

The Directors' Report has been prepared in accordance with the special provisions in Part VII of the Companies Act 1985 relating to small companies.

This report was approved by the board on 13 April 2004

And signed on their behalf by:
M Jones, Director
S Penfold, Secretary

This document was delivered using electronic communications and authenticated in accordance with section 707B(2) of the Companies Act 1985.


Small Company Ltd Registered Number 987654

Profit and Loss Account for the year ending 31 October 2005

Notes 2005 2004
£ £
Turnover 26,562 22,332
Cost of Sales (8,708) (7,423)
Gross profit or loss 17,854 14,909
Distribution costs (3,694) (2,974)
Administration costs 14 (9,786) (7,453)
Operating profit / (loss) 3 4,374 4,482
Other Income
bank interest (100) (100)
Profit / (loss) on ordinary activities before taxation 4,274 4,382
Taxation 4 (1,455) (1,014)
Profit / (loss) on ordinary activities after taxation 2,819 3,368
Dividends (2,031) (2,600)
Retained profit/(loss) for the financial year 788 768
Profit/(loss) brought forward 6,444 5,360
Retained profit/(loss) as of year end 7,232 6,444

Small Company Ltd Registered Number 987654

Balance Sheet as at 31 October 2005

Notes 2005 2004
2
£ £ £ £
Called up share capital not paid 100 100
Fixed assets
Intangible 5 750 900
Tangible 6 7,464 9,054
Investments 0 0
8,214 9,954
Current assets
Stocks 694 543
Debtors 7 2,467 2,685
Investments 0 0
Cash at bank and in hand 1,822 1,593
Total current assets 4,983 4,821
Prepayments and accrued income 0 0
Creditors: amounts falling due within one year 8 (2,965) (2,456)
Net current assets (liabilities) 2,018 2,365
Total assets less current liabilities 10,332 12,419
Creditors: amounts falling due after more than one year 9 (2,775) (5,550)
Provisions for liabilities and charges (225) (225)
Accruals and deferred income 10 0
Total net assets (liabilities) 7,342 6,644
Capital and reserves
Called up share capital 10 100 100
Share premium account 10 10
Revaluation reserve 0 0
Other reserves 0 90
Profit and loss account 11 7,232 6,444
Shareholders funds 7,342 6,644
  1. For the year ending 31 October 2005 the company was entitled to exemption under section 249A(1) of the Companies Act 1985.
  2. The members have not required the company to obtain an audit in accordance with section 249B(2) of the Companies Act 1985.
  3. The directors acknowledge their responsibility for:
    1. ensuring the company keeps accounting records which comply with Section 221; and
    2. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 226, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
  4. The accounts have been prepared in accordance with the special provisions in Part VII of the Companies Act 1985 relating to small companies.

Approved by the board on 11 August 2004

And signed on their behalf by:
E Peters, Director
A N Other, Director
B N Other, Secretary

This document was delivered using electronic communications and authenticated in accordance with section 707B(2) of the Companies Act 1985.


Small Company Ltd Registered Number 987654

Notes to the Accounts

For the year ending 31 October 2005
1

Accounting policies

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective June 2002)

Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of VAT and trade discounts.

Stocks
Stock is valued at the lower of cost and net realisable value

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land & Buildings 10% straight line
Furniture 20% straight line
Computer Equipment 20% straight line
Communications Equipment 20% straight line
Motor Vehicles 25% straight line
2

Exchange rate

Some info about exchange rates used

3

Operating profit

2005 2004
This is stated after charging £ £
Depreciation of owned fixed assets 555 525
Operating lease costs 0 0
Auditors remuneration 275 200
830 725
4

Taxation

2005 2004
£ £
UK Corporation tax 1,455 1,014
Deferred tax 0 0
1,455 1,014
5

Intangible fixed assets

Cost or valuation £
At 01 November 2004 900
Additions 250
Disposals 250
Revaluations 0
Transfers 0
At 31 October 2005 900

Amortisation
At 01 November 2004 0
Charge for year 150
On disposals 0
At 31 October 2005 150

Net Book Value
At 31 October 2005 750
At 31 October 2004 900

Intangible assets free text note

6

Tangible fixed assets

Land & Buildings Plant & Machinery Fixtures & Fittings Computer Equipment Total
Cost £ £ £ £ £
At 01 November 2004 1,000 10,041 0 0 11,041
Additions 0 769 0 0 769
Disposals 0 0 0 0 0
Revaluations 0 0 0 0 0
Transfers 0 0 0 0 0
At 31 October 2005 1,000 10,810 0 0 11,810

Depreciation
At 01 November 2004 100 1,887 0 0 1,987
Charge for year 100 2,259 0 0 2,359
On disposals 0 0 0 0 0
At 31 October 2005 200 4,146 0 0 4,346

Net Book Value
At 31 October 2005 800 6,664 0 0 7,464
At 31 October 2004 900 8,154 0 0 9,054

Tangible fixed assets free text note

7

Debtors

Debtors free text note
2005 2004
£ £
Trade debtors 2,020 2,000
Called up share capital not paid (Current Asset) 0 0
Prepayments and accrued income 0 0
Other debtors 447 685
2,467 2,685
8

Creditors: amounts falling due within one year

Creditors due within one year free text note
2005 2004
£ £
Bank loans and overdrafts 2,065 2,056
Trade creditors 0 0
Accruals and deferred income 0 0
Other creditors 900 400
2,965 2,456
9

Creditors: amounts falling due after more than one year

2005 2004
£ £
Instalment debts falling due after 5 years 0 0
Non-instalment debts falling due after 5 years 0 0
Secured Debts 0 0
Creditors due after one year free text note
£ £
Bank loans and overdrafts 1,000 1,000
Obligations under finance leases 0 0
Loans from directors 0 0
Other creditors 1,775 4,550
2,775 5,550
10

Share capital

2005 2004
£ £
Authorised share capital:
1000 A shares of £1 each 1,000 1,000
200 B shares of £0.5 each 100 100
50 preference shares of £10 each 500 500
Allotted, called up and fully paid:
100 A shares of £1 each 100 50
200 B shares of £0.50 each 100 50
10 preference shares of £10 each 100 100
Ordinary shares issued in the year:
10 B shares of £1 each were issued in the year with a nominal value of £10, for a consideration of £10
Non-equity shares issued in the year:
10 preference shares of £10 each were issued in the year with a nominal value of £100, for a consideration of £100
11

Profit and Loss Account

2005 2004
£ £
Balance brought forward 6,444 5,360
Profit or Loss for the current year 788 768
Balance carried forward 7,232 6,444
12

Transactions with directors

A transaction with a director.
13

Related party disclosures

A statement on a related party disclosure
14

Admin Costs

A note on administration costs.
15

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16

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Some more content.