Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Carl Allen Furnishings Limited
Contents
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Carl Allen Furnishings Limited
(Registration number: 04374285)
Abbreviated Balance Sheet at 31 March 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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The notes on
pages
2
to
4
form an integral part of these financial statements.
Page 1
Carl Allen Furnishings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Motor vehicles |
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Stock
Hire purchase and leasing
Financial instruments
Carl Allen Furnishings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2014 |
50,000 |
6,650 |
56,650 |
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At 31 March 2015 |
50,000 |
6,650 |
56,650 |
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Depreciation |
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At 1 April 2014 |
31,050 |
3,729 |
34,779 |
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Charge for the year |
2,105 |
703 |
2,808 |
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At 31 March 2015 |
33,155 |
4,432 |
37,587 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
23,725 |
28,446 |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Carl Allen Furnishings Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Related party transactions |
Directors' advances and credits |
2015 |
2015 |
2014 |
2014 |
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Mr J Cartey |
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( |
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(4,775) |
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5,000 |
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54,000 |
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( |
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(58,000) |
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( |
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(9,832) |
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( |
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(1,044) |
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(12,466) |
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(14,651) |
- |
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