Company Registration No. 05730411 (England and Wales)
CARWADE HOMES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
CARWADE HOMES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CARWADE HOMES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,295
4,393
Current assets
Stocks
6,526
-
Debtors
20,473
149,362
Cash at bank and in hand
58,556
6,556
85,555
155,918
Creditors: amounts falling due within one year
(44,627)
(60,473)
Net current assets
40,928
95,445
Total assets less current liabilities
44,223
99,838
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
44,123
99,738
Shareholders' funds
44,223
99,838
For the financial year ended 31 August 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 26 May 2016
Mrs Carolyn Wade
Director
Company Registration No. 05730411
CARWADE HOMES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 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 from consultancy net of VAT and from the sale of new build properties.
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:
Plant and machinery
25% on reducing balance
Computer equipment
25% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014 & at 31 August 2015
27,504
Depreciation
At 1 September 2014
23,111
Charge for the year
1,098
At 31 August 2015
24,209
Net book value
At 31 August 2015
3,295
At 31 August 2014
4,393
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100