Company Registration No. 07416645 (England and Wales)
CYFLYMEN HYDRO LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
CYFLYMEN HYDRO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CYFLYMEN HYDRO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
384,209
390,531
Current assets
Debtors
25,697
16,812
Cash at bank and in hand
42,465
38,745
68,162
55,557
Creditors: amounts falling due within one year
(22,713)
(13,446)
Net current assets
45,449
42,111
Total assets less current liabilities
429,658
432,642
Capital and reserves
Called up share capital
3
390
390
Share premium account
389,610
389,610
Profit and loss account
39,658
42,642
Shareholders' funds
429,658
432,642
For the financial year ended 31 March 2014 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 13 August 2014
Mr W Best
Director
Company Registration No. 07416645
CYFLYMEN HYDRO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 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 April 2008).
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 comprises revenue recognised by the company in respect of goods and services supplied during the period,exclusive of Value Added Tax 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
1%,2.5% and 5% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013 & at 31 March 2014
403,439
Depreciation
At 1 April 2013 & at 31 March 2014
19,230
Net book value
At 31 March 2014
384,209
At 31 March 2013
390,531
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
390 Ordinary of £1 each
390
390
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