Company Registration No. 05295743 (England and Wales)
C-NET INDUSTRIAL SOLUTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
C-NET INDUSTRIAL SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
C-NET INDUSTRIAL SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,604
3,055
Current assets
Stocks
20,649
29,713
Debtors
143,462
80,421
Cash at bank and in hand
59,407
77,544
223,518
187,678
Creditors: amounts falling due within one year
(123,835)
(122,225)
Net current assets
99,683
65,453
Total assets less current liabilities
102,287
68,508
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
102,285
68,506
Shareholder's funds
102,287
68,508
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has 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 and authorised for issue on 8 December 2015
Mr R J Charlton
Director
Company Registration No. 05295743
C-NET INDUSTRIAL SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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 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:
Fixtures, fittings & equipment
33% reducing balance
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
8,846
Additions
832
At 31 July 2015
9,678
Depreciation
At 1 August 2014
5,791
Charge for the year
1,283
At 31 July 2015
7,074
Net book value
At 31 July 2015
2,604
At 31 July 2014
3,055
C-NET INDUSTRIAL SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2