Celtheath Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02489626 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

CELTHEATH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Woodward

Ms A M Lonergan

Mrs E Shaw

SECRETARY:

Ms A M Lonergan

REGISTERED OFFICE:

15 The Broadway

Penn Road

Beaconsfield

Buckinghamshire

HP9 2PD

REGISTERED NUMBER:

02489626 (England and Wales)

ACCOUNTANTS:

O'Sullivan & Co

Chartered Certified Accountants

15 The Broadway

Penn Road

Beaconsfield

Buckinghamshire

HP9 2PD

FIXED ASSETS

Tangible assets

2

151,953

203,466

CURRENT ASSETS

Stocks

600

600

Debtors

304,785

392,843

Cash at bank and in hand

1,103,118

639,420

1,408,503

1,032,863

CREDITORS

Amounts falling due within one year

3

287,083

320,925

NET CURRENT ASSETS

1,121,420

711,938

TOTAL ASSETS LESS CURRENT LIABILITIES

1,273,373

915,404

PROVISIONS FOR LIABILITIES

20,716

26,024

NET ASSETS

1,252,657

889,380

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,252,557

889,280

SHAREHOLDERS' FUNDS

1,252,657

889,380

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 14 April 2015 and were signed on its behalf by:

D Woodward - Director

Ms A M Lonergan - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

in accordance with the property

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

506,558

Additions

2,379

Disposals

(55,657

)

At 31 July 2014

453,280

DEPRECIATION

At 1 August 2013

303,092

Charge for year

41,013

Eliminated on disposal

(42,778

)

At 31 July 2014

301,327

NET BOOK VALUE

At 31 July 2014

151,953

At 31 July 2013

203,466

3.

CREDITORS

Creditors include an amount of £ 0 (31.7.13 - £ 17,303 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE CONTROLLING PARTY

In the opinion of the Directors', Mr D Woodward and Mrs A Woodward who each hold 45% of the shares of

Celtheath Limited are the company's ultimate controllers'.