Company Registration No. 01373445 (England and Wales)
C.D.C. (FLOORING AND FABRICS) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
C.D.C. (FLOORING AND FABRICS) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
C.D.C. (FLOORING AND FABRICS) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,984
1,633
Current assets
Stocks
13,024
-
Debtors
241,477
191,395
Cash at bank and in hand
131,437
108,392
385,938
299,787
Creditors: amounts falling due within one year
(180,079)
(158,920)
Net current assets
205,859
140,867
Total assets less current liabilities
207,843
142,500
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
207,743
142,400
Shareholders' funds
207,843
142,500
For the financial year ended 30 June 2016 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 21 February 2017
Mr N A Burr
Director
Company Registration No. 01373445
C.D.C. (FLOORING AND FABRICS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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:
Fixtures, fittings & equipment
20% straight line
Motor vehicles
25% straight line
1.5
Executive Retirement Benefit scheme
The company operates an Executive Pension Scheme for the directors. The contributions to the scheme are charged to the profit and loss account in respect to the accounting year in which they are payable. There were no contributions outstanding at the date of these accounts.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
60,173
Additions
1,599
At 30 June 2016
61,772
Depreciation
At 1 July 2015
58,540
Charge for the year
1,248
At 30 June 2016
59,788
Net book value
At 30 June 2016
1,984
At 30 June 2015
1,633
C.D.C. (FLOORING AND FABRICS) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100