Company Registration No. 07886394 (England and Wales)
COIL SPRINGS DIRECT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
COIL SPRINGS DIRECT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3
COIL SPRINGS DIRECT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
31,499
17,668
Current assets
Stocks
10,372
15,095
Debtors
59,790
48,708
Cash at bank and in hand
22,699
26,524
92,861
90,327
Creditors: amounts falling due within one year
(73,968)
(62,247)
Net current assets
18,893
28,080
Total assets less current liabilities
50,392
45,748
Provisions for liabilities
(6,300)
(2,293)
44,092
43,455
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
44,082
43,445
Shareholders' funds
44,092
43,455
COIL SPRINGS DIRECT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
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 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 20 December 2016
Mr G Durnall
Director
Company Registration No. 07886394
COIL SPRINGS DIRECT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
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
15% Straight Line
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
29,132
Additions
17,004
At 31 March 2016
46,136
Depreciation
At 1 April 2015
11,464
Charge for the year
3,173
At 31 March 2016
14,637
Net book value
At 31 March 2016
31,499
At 31 March 2015
17,668
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary of £1 each
10
10