Company Registration No. 08713138 (England and Wales)
CORTRA LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
CORTRA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CORTRA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,667
749
Current assets
Debtors
540,000
587,000
Cash at bank and in hand
493,431
7,883
1,033,431
594,883
Creditors: amounts falling due within one year
(136,261)
(143,965)
Net current assets
897,170
450,918
Total assets less current liabilities
900,837
451,667
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
900,835
451,665
Shareholders' funds
900,837
451,667
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 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 19 September 2015
I J Beaton
Director
Company Registration No. 08713138
CORTRA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
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 April 2008).
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 the amount derived from ordinary activities and is stated after trade discounts, other sales taxes and net of value added tax.
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:
Plant and machinery
25% on cost
1.5
Comparative information
The comparative information included within these financial statements covers the period from 1 October 2013 to 30 April 2014.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014
999
Additions
3,584
At 30 April 2015
4,583
Depreciation
At 1 May 2014
250
Charge for the period
666
At 30 April 2015
916
Net book value
At 30 April 2015
3,667
At 30 April 2014
749
CORTRA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Related party relationships and transactions
Loans with director
Loans with the director during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Loan from company
-
2,534
14,099
-
(16,633)
2,534
14,099
-
(16,633)