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Abbreviated Unaudited Accounts for the Year Ended 31 May 2015 |
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Commercial Timber Sales Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 May 2015 |
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for |
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Commercial Timber Sales Limited |
Commercial Timber Sales Limited (Registered number: 02598288) |
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Contents of the Abbreviated Accounts |
for the year ended 31 May 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Commercial Timber Sales Limited |
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Company Information |
for the year ended 31 May 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Commercial Timber Sales Limited (Registered number: 02598288) |
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Abbreviated Balance Sheet |
31 May 2015 |
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31.5.15 | 31.5.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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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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NET ASSETS/(LIABILITIES) |
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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 director acknowledges his 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. |
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The financial statements were approved by the director on
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Commercial Timber Sales Limited (Registered number: 02598288) |
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Notes to the Abbreviated Accounts |
for the year ended 31 May 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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Tangible fixed assets |
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Short leasehold | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market |
value is transferred to a revaluation reserve. |
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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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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2014 |
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Additions |
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At 31 May 2015 |
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DEPRECIATION |
At 1 June 2014 |
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Charge for year |
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At 31 May 2015 |
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NET BOOK VALUE |
At 31 May 2015 |
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At 31 May 2014 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 June 2014 |
and 31 May 2015 |
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NET BOOK VALUE |
At 31 May 2015 |
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At 31 May 2014 |
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4. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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31.5.15 | 31.5.14 |
£ | £ |
Repayable otherwise than by instalments | 271,967 | 271,967 |
Commercial Timber Sales Limited (Registered number: 02598288) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 May 2015 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.15 | 31.5.14 |
value: | £ | £ |
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Ordinary | £1 |
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6. | RELATED PARTY DISCLOSURES |
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The Creditor falling due after more than one year is a bank loan secured by the director Jeremy Kemplen.The loan is |
interest bearing.The lender will not seek repayment of the loan for the foreseeable future. |