Company Registration No. 03984335 (England and Wales)
CABLEWISE COMMUNICATIONS & SYSTEMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2014
CABLEWISE COMMUNICATIONS & SYSTEMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
CABLEWISE COMMUNICATIONS & SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
293,449
299,962
Current assets
Stocks
10,000
10,000
Debtors
112,299
112,009
Cash at bank and in hand
33,707
77,164
156,006
199,173
Creditors: amounts falling due within one year
(86,807)
(83,772)
Net current assets
69,199
115,401
Total assets less current liabilities
362,648
415,363
Creditors: amounts falling due after more than one year
(218,878)
(293,376)
Provisions for liabilities
(1,461)
(1,300)
142,309
120,687
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
142,209
120,587
Shareholders' funds
142,309
120,687
CABLEWISE COMMUNICATIONS & SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 May 2014 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 27 February 2015
M Bott
Director
Company Registration No. 03984335
CABLEWISE COMMUNICATIONS & SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2014
- 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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Straight Line over 50 years
Plant and machinery
25% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
1.4
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2013
392,769
Additions
3,445
At 31 May 2014
396,214
Depreciation
At 1 June 2013
92,807
Charge for the year
9,958
At 31 May 2014
102,765
Net book value
At 31 May 2014
293,449
At 31 May 2013
299,962
CABLEWISE COMMUNICATIONS & SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2014
- 4 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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