Company Registration No. 04970756 (England and Wales)
CLEMENT MONTAGU LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
CLEMENT MONTAGU LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
CLEMENT MONTAGU LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
35,000
40,000
Tangible assets
2
407,793
407,819
442,793
447,819
Current assets
Stocks
62,283
60,469
Debtors
99,388
88,576
Cash at bank and in hand
4,209
13,152
165,880
162,197
Creditors: amounts falling due within one year
(186,627)
(172,976)
Net current liabilities
(20,747)
(10,779)
Total assets less current liabilities
422,046
437,040
Creditors: amounts falling due after more than one year
(285,231)
(291,397)
136,815
145,643
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
136,813
145,641
Shareholders' funds
136,815
145,643
CLEMENT MONTAGU LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 31 August 2017
Mr CI Clement
Director
Company Registration No. 04970756
CLEMENT MONTAGU LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
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
Goodwill
Acquired goodwill is written off in equal annual insta ll ments over its estimated useful economic life , which is deemed to be 20 years.
ll
ments over its estimated useful economic life
, which is deemed to be 20 years.
1.5
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:
Plant and machinery
25% Straight Line
Computer equipment
50% Straight Line
Motor vehicles
25% Reducing Balance
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
CLEMENT MONTAGU LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2015 & at 30 November 2016
100,000
451,522
551,522
Depreciation
At 1 December 2015
60,000
43,702
103,702
Charge for the year
5,000
27
5,027
At 30 November 2016
65,000
43,729
108,729
Net book value
At 30 November 2016
35,000
407,793
442,793
At 30 November 2015
40,000
407,819
447,819
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary A of £1 each
1
1
1 Ordinary B of £1 each
1
1
2
2