Cornish Building and Scaffolding Services Limited
|
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07990658
Cornish Building and Scaffolding Services Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Cornish Building and Scaffolding Services Limited
Accountants' Report
For the year ended 31 March 2015
As described in the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
March
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Longhill Accounting Limited
1 Longhill Lodge
Ditcheat
Shepton Mallet
Somerset
BA4 6QR
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Abbreviated Balance Sheet
|
Cornish Building and Scaffolding Services Limited
2015
2014
2
21,986
11,774
21,986
11,774
29,043
30,539
18,797
10,033
49,336
39,076
Creditors
:
amounts falling due within one year
|
(29,045)
(28,525)
10,031
20,811
Net current assets
Total assets less current liabilities
|
42,797
21,805
Creditors
:
amounts falling due after more than one year
|
(3,362)
(3,332)
(4,397)
(1,899)
Provisions for liabilities
|
35,068
Net assets
16,544
10
3
10
35,058
16,534
35,068
16,544
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Date approved by the board: 25 July 2015
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Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
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Cornish Building and Scaffolding Services Limited
For the year ended 31 March 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
|
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Computer Equipment
Motor Vehicles
3 of 4
Notes to the Abbreviated Financial Statements
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Cornish Building and Scaffolding Services Limited
For the year ended 31 March 2015
Assets on finance lease and hire purchase
|
Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and
|
rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets
|
and depreciated over the shorter of the lease term and their estimated expected useful lives
.
|
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
|
19,892
22,568
42,460
8,118
12,356
Charge for year
20,474
21,986
11,774
Allotted called up and fully paid
|
2015
2014
10
Class A shares of £
1
.
00
each
|
10
10
10
10
4 of 4