C.C.Cooper (Lye) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00913834 (England and Wales)

C.C.COOPER (LYE) LTD

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S M Allen

M R Allen

D C Bulley

C J Allen

REGISTERED OFFICE:

Swindon Golf Club

Bridgnorth Road

Swindon

Dudley

West Midlands

DY3 4PU

REGISTERED NUMBER:

00913834 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

2

2,448,459

2,535,562

CURRENT ASSETS

Stocks

71,857

79,020

Debtors

53,321

48,499

Cash at bank and in hand

64,819

35,134

189,997

162,653

CREDITORS

Amounts falling due within one year

3

577,702

583,883

NET CURRENT LIABILITIES

(387,705

)

(421,230

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,060,754

2,114,332

CREDITORS

Amounts falling due after more than one year

3

(169,846

)

(246,256

)

PROVISIONS FOR LIABILITIES

(15,034

)

(8,428

)

NET ASSETS

1,875,874

1,859,648

CAPITAL AND RESERVES

Called up share capital

4

500,000

500,000

Revaluation reserve

226,645

231,572

Profit and loss account

1,149,229

1,128,076

SHAREHOLDERS' FUNDS

1,875,874

1,859,648

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 March 2015 and were signed on its behalf by:

S M Allen - Director

M R Allen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on valuation

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2013

3,222,045

Additions

15,381

At 30 September 2014

3,237,426

DEPRECIATION

At 1 October 2013

686,483

Charge for year

102,484

At 30 September 2014

788,967

NET BOOK VALUE

At 30 September 2014

2,448,459

At 30 September 2013

2,535,562

3.

CREDITORS

Creditors include an amount of £ 190,419 (2013 - £ 226,833 ) for which security has been given.

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

2014

2013

£

£

Repayable by instalments

-

17,500

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

500,000

Ordinary

£1

500,000

500,000