Abbreviated Company Accounts - CAMPBELL CONTRACTS LTD

CAMPBELL CONTRACTS LTD - Company Information

NI043908 CAMPBELL CONTRACTS LTD 2014-08-31 false 2013-09-01 2014-08-31 true NI043908 2013-09-01 2014-08-31 NI043908 2014-08-31 NI043908 2013-08-31 NI043908 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 NI043908 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number NI043908

CAMPBELL CONTRACTS LTD

Abbreviated Accounts

31 August 2014

CAMPBELL CONTRACTS LTD Registered Number NI043908

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	350,000	450,000
Tangible assets	3	1,757,800	1,566,579
		2,107,800	2,016,579
Current assets
Stocks		131,241	337,898
Debtors		587,373	391,931
Cash at bank and in hand		419,899	67,369
		1,138,513	797,198
Creditors: amounts falling due within one year	4	(1,550,396)	(1,080,254)
Net current assets (liabilities)		(411,883)	(283,056)
Total assets less current liabilities		1,695,917	1,733,523
Creditors: amounts falling due after more than one year	4	(546,854)	(473,200)
Total net assets (liabilities)		1,149,063	1,260,323
Capital and reserves
Called up share capital	5	700	700
Profit and loss account		1,148,363	1,259,623
Shareholders' funds		1,149,063	1,260,323

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 5 May 2015

And signed on their behalf by:
JIM CAMPBELL, Director

CAMPBELL CONTRACTS LTD Registered Number NI043908

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
THE ACCOUNTS ARE PREPARED UNDER THE HISTORICAL COST CONVENTION AND IN ACCORDANCE WITH THE FINANCIAL REPORTING STANDARD FOR SMALLER ENTITIES.

Turnover policy
TURNOVER REPRESENTS THE TOTAL INVOICE VALUE, EXCLUDING VALUE ADDED TAX, OF SALES MADE DURING THE YEAR.

Tangible assets depreciation policy
LAND AND BUIKDINGS - SL 20 YEARS
PLANT AND MACHINERY - 25% REDUCING BALANCE
FIXTURES AND FITTINGS - 25% REDUCING BALANCE
MOTOR VEHICLES - 25% REDUCING BALANCE

Intangible assets amortisation policy
GOODWILL IS WRITTEN OFF IN EQUAL ANNUAL INSTALMENTS OVER ITS ESTIMATED USEFUL ECONOMIC LIFE OF 10 YEARS.

Valuation information and policy
STOCK IS VALUED AT LOWER OF COST AND NET REALISABLE VALUE.

Other accounting policies
SHARE CAPITAL
700 ORDINARY SHARES OF £1.00 EACH.

LEASING AND HIGHER PURCHASE
ASSETS OBTAINED UNDER HIGHER PURCHASE CONTRACTS AND FINANCE LEASES ARE CAPITALISED AS TANGIBLE ASSETS AND DEPRECIATED OVER THE SHORTER OF THE LEASE TERM AND THEIR USEFUL LIVES.

2Intangible fixed assets

	£
Cost
At 1 September 2013	1,000,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	1,000,000
Amortisation
At 1 September 2013	550,000
Charge for the year	100,000
On disposals	-
At 31 August 2014	650,000
Net book values
At 31 August 2014	350,000
At 31 August 2013	450,000

3Tangible fixed assets

	£
Cost
At 1 September 2013	5,321,546
Additions	662,825
Disposals	(92,000)
Revaluations	-
Transfers	-
At 31 August 2014	5,892,371
Depreciation
At 1 September 2013	3,754,967
Charge for the year	437,689
On disposals	(58,085)
At 31 August 2014	4,134,571
Net book values
At 31 August 2014	1,757,800
At 31 August 2013	1,566,579

4Creditors

	2014 £	2013 £
Secured Debts	798,716	515,623

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
700 Ordinary shares of £1 each	700	700