CSA Furniture Limited - Filleted accounts

CSA Furniture Limited - Filleted accounts

C S A FURNITURE LIMITED - Company Information

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Registered number
03947951
CSA Furniture Limited
Filleted Accounts
31 March 2019
CSA Furniture Limited
Registered number: 03947951
Balance Sheet
as at 31 March 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 3 1,614 1,874
Current assets
Stocks 300 300
Debtors 4 - 5,625
Cash at bank and in hand 115,488 97,689
115,788 103,614
Creditors: amounts falling due within one year 5 (5,526) (5,099)
Net current assets 110,262 98,515
Net assets 111,876 100,389
Capital and reserves
Share premium 2 2
Profit and loss account 111,874 100,387
Shareholder's funds 111,876 100,389
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D A C Watts
Director
Approved by the board on 2 August 2019
CSA Furniture Limited
Notes to the Accounts
for the year ended 31 March 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2019 2018
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2018 13,177
Additions 278
At 31 March 2019 13,455
Depreciation
At 1 April 2018 11,303
Charge for the year 538
At 31 March 2019 11,841
Net book value
At 31 March 2019 1,614
At 31 March 2018 1,874
4 Debtors 2019 2018
£ £
Trade debtors - 5,625
5 Creditors: amounts falling due within one year 2019 2018
£ £
Trade creditors 689 1,349
Taxation and social security costs 3,928 3,222
Other creditors 909 528
5,526 5,099
6 Other information
CSA Furniture Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 Akenham Hall Farm
Akenham
Ipswich
Suffolk
IP6 0HL
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