Cousins Material House Limited - Limited company - abbreviated - 11.0.0

Cousins Material House Limited - Limited company - abbreviated - 11.0.0

COUSINS MATERIAL HOUSE LIMITED - Company Information

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REGISTERED NUMBER: 04890253 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

COUSINS MATERIAL HOUSE LIMITED
Gary Sargeant + Company
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG








COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

COUSINS MATERIAL HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2014







DIRECTOR: A Cousins





SECRETARY: J Wood





REGISTERED OFFICE: Unit J
Chesham Close
Romford
Essex
RM7 7PJ





REGISTERED NUMBER: 04890253 (England and Wales)





ACCOUNTANTS: Gary Sargeant + Company
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG
Page 1
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 247,499 274,999
Tangible assets 3 320,741 72,726
568,240 347,725

CURRENT ASSETS
Stocks 2,245,658 2,057,846
Debtors 463,470 437,819
Cash in hand 2,031,652 1,647,787
4,740,780 4,143,452
CREDITORS
Amounts falling due within one year 660,409 889,065
NET CURRENT ASSETS 4,080,371 3,254,387
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,648,611
3,602,112

PROVISIONS FOR LIABILITIES 57,542 4,983
NET ASSETS 4,591,069 3,597,129

CAPITAL AND RESERVES
Called up share capital 4 120 120
Profit and loss account 4,590,949 3,597,009
SHAREHOLDERS' FUNDS 4,591,069 3,597,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 10 March 2015 and were signed by:





A Cousins - Director


The notes form part of these abbreviated accounts

Page 3
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 25% per annum on cost
Fixtures and fittings - 25% per annum on cost
Motor vehicles - 25% per annum on cost
Computer software - 33% per annum on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Page 4 continued...
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2014

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013
and 31 October 2014 550,002
AMORTISATION
At 1 November 2013 275,003
Amortisation for year 27,500
At 31 October 2014 302,503
NET BOOK VALUE

At 31 October 2014 247,499
At 31 October 2013 274,999

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013 524,754
Additions 293,026
Disposals (14,649 )
At 31 October 2014 803,131
DEPRECIATION
At 1 November 2013 452,028
Charge for year 39,010
Eliminated on disposal (8,648 )
At 31 October 2014 482,390
NET BOOK VALUE
At 31 October 2014 320,741
At 31 October 2013 72,726

Page 5 continued...
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2014

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
96 Ordinary £1 96 100
(2013 - 100 )
20 A Ordinary £1 20 20
2 B Ordinary £1 2 -
2 C Ordinary £1 2 -
120 120

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, A Cousins owed the company £105,348 (2013: (£164,150)).

Page 6