Company Registration No. 02788679 (England and Wales)
CONFERENCE TECHNICAL FACILITIES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
CONFERENCE TECHNICAL FACILITIES LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
CONFERENCE TECHNICAL FACILITIES LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
539,542
477,398
Current assets
Stocks
58,133
47,342
Debtors
280,344
167,961
Cash at bank and in hand
266,501
366,522
604,978
581,825
Creditors: amounts falling due within one year
(374,287)
(389,995)
Net current assets
230,691
191,830
Total assets less current liabilities
770,233
669,228
Creditors: amounts falling due after more than one year
(138,930)
(103,568)
Provisions for liabilities
(82,478)
(86,469)
548,825
479,191
Capital and reserves
Called up share capital
3
100
100
Share premium account
72,974
72,974
Profit and loss account
475,751
406,117
Shareholder's funds
548,825
479,191
CONFERENCE TECHNICAL FACILITIES LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2016
30 June 2016
- 2 -
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 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 31 March 2017
Mr S R Butt
Mr P R Evans
Director
Director
Company Registration No. 02788679
CONFERENCE TECHNICAL FACILITIES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Plant and machinery
15% per annum on reducing balance method
Fixtures, fittings & equipment
15% per annum on reducing balance method
Motor vehicles
25% per annum on reducing balance method
1.4
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
1,294,650
Additions
248,887
Disposals
(402,426)
At 30 June 2016
1,141,111
Depreciation
At 1 July 2015
817,252
On disposals
(311,280)
Charge for the year
95,597
At 30 June 2016
601,569
Net book value
At 30 June 2016
539,542
At 30 June 2015
477,398
CONFERENCE TECHNICAL FACILITIES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100