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Abbreviated Unaudited Accounts for the Year Ended 31 July 2015 |
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CAMBRIDGE RAPID COMPONENTS LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 July 2015 |
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for |
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CAMBRIDGE RAPID COMPONENTS LIMITED |
CAMBRIDGE RAPID COMPONENTS LIMITED (REGISTERED NUMBER: 02141265) |
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Contents of the Abbreviated Accounts |
for the year ended 31 July 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
CAMBRIDGE RAPID COMPONENTS LIMITED |
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Company Information |
for the year ended 31 July 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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CAMBRIDGE RAPID COMPONENTS LIMITED (REGISTERED NUMBER: 02141265) |
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Abbreviated Balance Sheet |
31 July 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 4 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
CAMBRIDGE RAPID COMPONENTS LIMITED (REGISTERED NUMBER: 02141265) |
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Abbreviated Balance Sheet - continued |
31 July 2015 |
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The financial statements were approved by the Board of Directors on
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CAMBRIDGE RAPID COMPONENTS LIMITED (REGISTERED NUMBER: 02141265) |
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Notes to the Abbreviated Accounts |
for the year ended 31 July 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents amounts invoiced for work done, excluding value added tax. |
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Tangible fixed assets |
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Leasehold premises alterations | - |
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Plant and machinery | - |
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Office equipment and fittings | - |
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Motor vehicles | - |
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Stocks and work in progress |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contacts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital |
element of the future payments is treated as a liability. |
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Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor |
are charged to the profit and loss account as incurred. |
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Pension costs and other post-retirement benefits |
The company operates defined contribution pension schemes and the pension charge represents the amounts payable by the |
company to the funds in respect of the year. |
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CAMBRIDGE RAPID COMPONENTS LIMITED (REGISTERED NUMBER: 02141265) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 July 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2014 |
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Additions |
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Disposals | ( |
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At 31 July 2015 |
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DEPRECIATION |
At 1 August 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 July 2015 |
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NET BOOK VALUE |
At 31 July 2015 |
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At 31 July 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
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loans |
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COST |
At 1 August 2014 | 10,500 |
Disposals | (4,768 | ) |
At 31 July 2015 | 5,732 |
NET BOOK VALUE |
At 31 July 2015 |
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At 31 July 2014 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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CAMBRIDGE RAPID COMPONENTS LIMITED (REGISTERED NUMBER: 02141265) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 July 2015 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 July 2015 and 31 July 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Interest of £116 (2014 £199) has been charged on the above loan at 3.25% (2014 4%). The loan is unsecured and repayable |
on demand. |