Concept 509 Limited - Limited company - abbreviated

REGISTERED NUMBER: 06885326 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

CONCEPT 509 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

Mr A R Willetts

REGISTERED OFFICE:

Priory House

2 Priory Road

Dudley

West Midlands

DY1 1HH

REGISTERED NUMBER:

06885326 (England and Wales)

ACCOUNTANTS:

Poole Waterfield Limited

Priory House

2 Priory Road

Dudley

West Midlands

DY1 1HH

FIXED ASSETS

Tangible assets

2

2,046

2,352

CURRENT ASSETS

Debtors

19,070

43,185

CREDITORS

Amounts falling due within one year

26,172

31,113

NET CURRENT (LIABILITIES)/ASSETS

(7,102

)

12,072

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,056

)

14,424

PROVISIONS FOR LIABILITIES

372

425

NET (LIABILITIES)/ASSETS

(5,428

)

13,999

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

(5,628

)

13,799

SHAREHOLDERS' FUNDS

(5,428

)

13,999

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 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 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 21 April 2015 and were signed by:

Mr A R Willetts - 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.

In respect of contracts for on-going services, turnover represents the value of work done in the year,

including estimates of amounts not invoiced. Turnover in respect of on-going services is recognised

by reference to the stage of completion.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Going concern

The financial statements have been prepared on a going concern basis. The validity of this basis

depends upon the continued support of the company's bankers and director, although there is no

reason to suppose that this support will not continue. No adjustments have been made to the financial

statements in respect of the possible invalidity of the going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

5,598

Additions

441

At 30 September 2014

6,039

DEPRECIATION

At 1 October 2013

3,246

Charge for year

747

At 30 September 2014

3,993

NET BOOK VALUE

At 30 September 2014

2,046

At 30 September 2013

2,352

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

200

Ordinary

£1

200

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2014

and the period ended 30 September 2013:

30.9.14

30.9.13

£

Mr A R Willetts

Balance outstanding at start of year

9,650

27,222

Amounts advanced

526

6,015

Amounts repaid

(11,987

)

(23,587

)

Balance outstanding at end of year

(1,811

)

9,650

Concept 509 Limited - Limited company - abbreviated - 11.6

Concept 509 Limited - Limited company - abbreviated - 11.6