Colton Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05480251 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Colton Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R M Colton

Mrs K Colton

Miss F Colton

SECRETARY:

Mrs K Colton

REGISTERED OFFICE:

High Lees Farm

New Road

Bamford

Hope Valley

Derbyshire

S33 0AD

REGISTERED NUMBER:

05480251 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Tangible assets

2

2,220,424

-

CURRENT ASSETS

Stocks

-

1,914,360

Debtors

3,000

-

Cash at bank

3,491

-

6,491

1,914,360

CREDITORS

Amounts falling due within one year

731,959

1,257,879

NET CURRENT (LIABILITIES)/ASSETS

(725,468

)

656,481

TOTAL ASSETS LESS CURRENT LIABILITIES

1,494,956

656,481

CREDITORS

Amounts falling due after more than one year

3

1,461,264

970,173

NET ASSETS/(LIABILITIES)

33,692

(313,692

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

33,592

(313,792

)

SHAREHOLDERS' FUNDS

33,692

(313,692

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors on 31 March 2015 and were signed on its behalf by:

R M Colton - Director

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.

Tangible fixed assets

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Reclassification/transfer

2,220,424

At 30 June 2014

2,220,424

NET BOOK VALUE

At 30 June 2014

2,220,424

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable otherwise than by instalments

1,281,264

970,173

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100