C Sedgwick Limited - Period Ending 2015-04-05

C Sedgwick Limited
Abbreviated Balance Sheet
5 April 2015

 

Company Registration Number: 06121982

		Note			2015 £			2014 £
Fixed assets		2
Tangible fixed assets					2,508			1,769
Current assets
Debtors					1,216			654
Cash at bank and in hand					9,352			16,456
					10,568			17,110
Creditors: Amounts falling due within one year					(12,902)			(17,646)
Net current liabilities					(2,334)			(536)
Total assets less current liabilities					174			1,233
Provisions for liabilities					-			(350)
Net assets					174			883
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					172			881
Shareholders' funds					174			883

For the year ending 5 April 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.

Approved by the director on 16 May 2015

C Sedgwick
Director

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C Sedgwick Limited
Notes to the Abbreviated Accounts
Year Ended 5 April 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment

15% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by FRS19. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 6 April 2014		2,991			2,991
Additions		1,086			1,086
At 5 April 2015		4,077			4,077
Depreciation
At 6 April 2014		1,222			1,222
Charge for the year		347			347
At 5 April 2015		1,569			1,569
Net book value
At 5 April 2015		2,508			2,508
At 5 April 2014		1,769			1,769

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C Sedgwick Limited
Notes to the Abbreviated Accounts
Year Ended 5 April 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary share of £1 each		2			2			2			2

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