Classic Lines Design Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05150346 (England and Wales)

CLASSIC LINES DESIGN LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B McMahon

Mrs E McMahon

SECRETARY:

B McMahon

REGISTERED OFFICE:

The Coach House

Old Burcot Lane

Bromsgrove

Worcestershire

B60 1PH

REGISTERED NUMBER:

05150346 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

2

-

10,000

Tangible assets

3

6,636

8,848

6,636

18,848

CURRENT ASSETS

Debtors

34,494

14,681

Cash at bank and in hand

33,340

1,303

67,834

15,984

CREDITORS

Amounts falling due within one year

44,911

34,192

NET CURRENT ASSETS/(LIABILITIES)

22,923

(18,208

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,559

640

CAPITAL AND RESERVES

Called up share capital

4

102

Profit and loss account

29,457

538

SHAREHOLDERS' FUNDS

29,559

640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 March 2015 and were signed on its
behalf by:

B McMahon - 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.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10

years.

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

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

100,000

AMORTISATION

At 1 September 2013

90,000

Amortisation for year

10,000

At 31 August 2014

100,000

NET BOOK VALUE

At 31 August 2014

-

At 31 August 2013

10,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

44,206

DEPRECIATION

At 1 September 2013

35,358

Charge for year

2,212

At 31 August 2014

37,570

NET BOOK VALUE

At 31 August 2014

6,636

At 31 August 2013

8,848

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

100

Ordinary

£1

100

1

Preference A

£1

1

Preference B

£1

1

102

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2014 and

31 August 2013:

31.8.14

31.8.13

£

B McMahon and Mrs E McMahon

Balance outstanding at start of year

2,663

-

Amounts advanced

-

2,663

Amounts repaid

(2,663

)

-

Balance outstanding at end of year

-

2,663

Classic Lines Design Ltd - Limited company - abbreviated - 11.6

Classic Lines Design Ltd - Limited company - abbreviated - 11.6