Company Registration No. 02313970 (England and Wales)
EMPIRE COOKER SPARES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
EMPIRE COOKER SPARES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EMPIRE COOKER SPARES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
26,234
31,081
Current assets
Stocks
280,238
267,226
Debtors
27,632
28,796
Cash at bank and in hand
14,394
10,818
322,264
306,840
Creditors: amounts falling due within one year
(112,744)
(142,491)
Net current assets
209,520
164,349
Total assets less current liabilities
235,754
195,430
Creditors: amounts falling due after more than one year
(18,294)
(20,000)
217,460
175,430
Capital and reserves
Called up share capital
3
150
150
Profit and loss account
217,310
175,280
Shareholders' funds
217,460
175,430
For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 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 for issue on 5 January 2016
Mr Christopher Lord
Director
Company Registration No. 02313970
EMPIRE COOKER SPARES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
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 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
15% Reducing balance
Motor vehicles
25% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014 & at 30 November 2015
79,516
Depreciation
At 1 December 2014
48,435
Charge for the year
4,847
At 30 November 2015
53,282
Net book value
At 30 November 2015
26,234
At 30 November 2014
31,081
EMPIRE COOKER SPARES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares Class A of £1 each
100
100
50 Ordinary Shares Class B of £1 each
50
50
150
150
The Ordinary shares and Ordinary B Shares rank pari passu in all respects other than the Ordinary B shares do not carry the right to receive notice of or attend and vote either in person or by proxy at any of the meetings of the company.