Celtek Electronics Limited
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For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02412103
Celtek Electronics Limited
For the year ended 31 August 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
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Celtek Electronics Limited
2016
2015
3
4,537
5,267
4,537
5,267
18,000
20,000
1,919
4,374
2,782
6,691
27,156
26,610
Creditors
:
amounts falling due within one year
|
(30,482)
(30,614)
(3,872)
(3,458)
Net current liabilities
Total assets less current liabilities
|
1,079
1,395
1,079
Net assets
1,395
2,200
2,200
(1,121)
(805)
1,079
1,395
Shareholders funds
For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 21 November 2016
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Signed on behalf of the board of directors
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1 of 3
Notes to the Abbreviated Financial Statements
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Celtek Electronics Limited
For the year ended 31 August 2016
The financial statements have been prepared under the historical cost convention and in accordance with the provisions applicable to companies subject to the small companies regime, and assume the continuing financial support of the director, shareholders and company bankers.
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Turnover represents the amount invoiced by the company during the year in respect of goods sold,excluding value added tax.
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Deferred taxation is provided on the liability method on all timing differences to the extent that they are expected to reverse in the future calculated at the rate at which is estimated that tax will be payable.
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Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the
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estimated expected useful economic life of the goodwill of
0
years
.
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Depreciation is provided at rates calculated to write off the cost of the assets on a straight line basis. The rates used are: Fixtures 25% per annum
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Stocks and work in progress are valued at the lower of cost and net realisable value.
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2
Intangible fixed assets
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10,000
10,000
10,000
10,000
-
-
2 of 3
Notes to the Abbreviated Financial Statements
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Celtek Electronics Limited
For the year ended 31 August 2016
41,341
2,550
43,891
36,074
3,280
Charge for year
39,354
4,537
5,267
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