Company Registration No. 04678057 (England and Wales)
C & M SUPPLIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
C & M SUPPLIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
C & M SUPPLIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
155,497
143,360
Current assets
Stocks
1,445
1,415
Debtors
48,350
50,794
Cash at bank and in hand
3,701
2,162
53,496
54,371
Creditors: amounts falling due within one year
(120,703)
(100,153)
Net current liabilities
(67,207)
(45,782)
Total assets less current liabilities
88,290
97,578
Creditors: amounts falling due after more than one year
(51,653)
(63,544)
36,637
34,034
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
36,537
33,934
Shareholders' funds
36,637
34,034
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 November 2016
Mrs Maxine Patel
Director
Company Registration No. 04678057
C & M SUPPLIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Fixtures, fittings & equipment
33% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015
158,836
Additions
15,991
At 28 February 2016
174,827
Depreciation
At 1 March 2015
15,476
Charge for the year
3,854
At 28 February 2016
19,330
Net book value
At 28 February 2016
155,497
At 28 February 2015
143,360
C & M SUPPLIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100