COMPLETE CONTROLS (MIDLANDS) LIMITED
Company Registration No. 06266881 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
COMPLETE CONTROLS (MIDLANDS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
COMPLETE CONTROLS (MIDLANDS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
19,250
21,000
Tangible assets
2
2,611
2,252
21,861
23,252
Current assets
Debtors
47,526
27,090
Cash at bank and in hand
9,545
2,155
57,071
29,245
Creditors: amounts falling due within one year
(71,262)
(42,979)
Net current liabilities
(14,191)
(13,734)
Total assets less current liabilities
7,670
9,518
Provisions for liabilities
(556)
(450)
7,114
9,068
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
7,014
8,968
Shareholders' funds
7,114
9,068
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 20 February 2017
Mr T P Page
Director
Company Registration No. 06266881
COMPLETE CONTROLS (MIDLANDS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 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 January 2015).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
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 for goods and services net of VAT and trade discounts.
1.4
Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and amortised. Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated useful economic life of the asset which is 20 years.
1.5
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:
Computer equipment
15% Reducing balance
Office equipment
33% Reducing balance
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
COMPLETE CONTROLS (MIDLANDS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015
35,000
5,127
40,127
Additions
-
828
828
At 31 July 2016
35,000
5,955
40,955
Depreciation
At 1 August 2015
14,000
2,875
16,875
Charge for the year
1,750
469
2,219
At 31 July 2016
15,750
3,344
19,094
Net book value
At 31 July 2016
19,250
2,611
21,861
At 31 July 2015
21,000
2,252
23,252
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100