Company Registration No. 8780218 (England and Wales)
CLAIRE COLES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CLAIRE COLES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
CLAIRE COLES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
12,000
16,000
Tangible assets
2
709
886
12,709
16,886
Current assets
Stocks
7,000
13,300
Debtors
2,716
8,386
Cash at bank and in hand
2,448
2,442
12,164
24,128
Creditors: amounts falling due within one year
(38,121)
(42,350)
Net current liabilities
(25,957)
(18,222)
Total assets less current liabilities
(13,248)
(1,336)
Provisions for liabilities
-
(71)
(13,248)
(1,407)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(13,249)
(1,408)
Shareholder's funds
(13,248)
(1,407)
CLAIRE COLES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 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 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 her 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 22 November 2016
Mrs C A Robinson
Director
Company Registration No. 8780218
CLAIRE COLES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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.
net
of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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
33.33% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
20,000
1,329
21,329
Additions
-
126
126
At 31 March 2016
20,000
1,455
21,455
Depreciation
At 1 April 2015
4,000
443
4,443
Charge for the year
4,000
303
4,303
At 31 March 2016
8,000
746
8,746
Net book value
At 31 March 2016
12,000
709
12,709
At 31 March 2015
16,000
886
16,886
CLAIRE COLES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1