Company Registration No. 8347926 (England and Wales)
COBRA CAPITAL LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
COBRA CAPITAL LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
COBRA CAPITAL LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,083
-
Current assets
Debtors
4,720
5,000
Cash at bank and in hand
65,498
96,506
70,218
101,506
Creditors: amounts falling due within one year
(1,421)
(11,667)
Net current assets
68,797
89,839
Total assets less current liabilities
69,880
89,839
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
69,780
89,739
Shareholder's funds
69,880
89,839
For the financial year ended 31 January 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 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 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 31 October 2016
Mr G S Fort-Meheust
Director
Company Registration No. 8347926
COBRA CAPITAL LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 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).
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
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
33% on cost
Motor vehicles
20% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2015
-
Additions
1,431
At 31 January 2016
1,431
Depreciation
At 1 February 2015
-
Charge for the year
348
At 31 January 2016
348
Net book value
At 31 January 2016
1,083
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100