Abbreviated Company Accounts - COWBRIDGE FINANCE LIMITED

COWBRIDGE FINANCE LIMITED - Company Information

Registered Number 06808641

COWBRIDGE FINANCE LIMITED

Abbreviated Accounts

30 April 2014

COWBRIDGE FINANCE LIMITED Registered Number 06808641

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	7,195	13,987
Tangible assets	3	3,252	3,414
		10,447	17,401
Current assets
Stocks		5,870	4,955
Debtors		33,537	18,126
Cash at bank and in hand		5,334	4,506
		44,741	27,587
Creditors: amounts falling due within one year		(25,603)	(25,083)
Net current assets (liabilities)		19,138	2,504
Total assets less current liabilities		29,585	19,905
Creditors: amounts falling due after more than one year		(15,000)	(15,000)
Provisions for liabilities		(610)	(610)
Total net assets (liabilities)		13,975	4,295
Capital and reserves
Called up share capital		100	100
Profit and loss account		13,875	4,195
Shareholders' funds		13,975	4,295

For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 January 2015

And signed on their behalf by:
Steven Kavanagh, Director

COWBRIDGE FINANCE LIMITED Registered Number 06808641

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable from clients for fees earned for work done during the year

Tangible assets depreciation policy
Depreciation is calculated to write-off the cost of the asset over its useful economic life. the reducing balance method at the rate of 20 per cent per annum has been used on all tangible assets

Intangible assets amortisation policy
Purchased goodwill is being written off over a period of 6 years

2Intangible fixed assets

	£
Cost
At 1 May 2013	40,750
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	40,750
Amortisation
At 1 May 2013	26,763
Charge for the year	6,792
On disposals	-
At 30 April 2014	33,555
Net book values
At 30 April 2014	7,195
At 30 April 2013	13,987

3Tangible fixed assets

	£
Cost
At 1 May 2013	6,984
Additions	650
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	7,634
Depreciation
At 1 May 2013	3,570
Charge for the year	812
On disposals	-
At 30 April 2014	4,382
Net book values
At 30 April 2014	3,252
At 30 April 2013	3,414