Company Registration No. 06807115 (England and Wales)
CYMRU HYDRAULICS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CYMRU HYDRAULICS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CYMRU HYDRAULICS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,340
10,728
Current assets
Stocks
72,760
60,705
Debtors
142,810
164,277
Cash at bank and in hand
36,883
38,838
252,453
263,820
Creditors: amounts falling due within one year
(176,668)
(182,304)
Net current assets
75,785
81,516
Total assets less current liabilities
84,125
92,244
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
83,125
91,244
Shareholders' funds
84,125
92,244
For the financial year ended 31 March 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 8 June 2016
Mark Evans
Director
Company Registration No. 06807115
CYMRU HYDRAULICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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:
Plant and machinery
- 20% on the reducing balance
Fixtures, fittings & equipment
- 20% on the reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
26,300
Depreciation
At 1 April 2015
15,572
Charge for the year
2,388
At 31 March 2016
17,960
Net book value
At 31 March 2016
8,340
At 31 March 2015
10,728
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000