Abbreviated Company Accounts - CANULET LIMITED

Registered Number 04507641

CANULET LIMITED

Abbreviated Accounts

31 August 2014

CANULET LIMITED Registered Number 04507641

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	25,048	45,639
		25,048	45,639
Current assets
Stocks		25,000	25,000
Debtors		3,019	10,782
Cash at bank and in hand		87,813	47,301
		115,832	83,083
Creditors: amounts falling due within one year		(103,406)	(63,708)
Net current assets (liabilities)		12,426	19,375
Total assets less current liabilities		37,474	65,014
Total net assets (liabilities)		37,474	65,014
Capital and reserves
Called up share capital		2	2
Profit and loss account		37,472	65,012
Shareholders' funds		37,474	65,014

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 25 March 2015

And signed on their behalf by:
R.C. WOOLLACOTT, Director

CANULET LIMITED Registered Number 04507641

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% straight line
Fixtures fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Other accounting policies
The company operates a directors account. The amount owed by the company to the director at the year end was £41,515.

2Tangible fixed assets

	£
Cost
At 1 September 2013	148,623
Additions	7,584
Disposals	(23,350)
Revaluations	-
Transfers	-
At 31 August 2014	132,857
Depreciation
At 1 September 2013	102,984
Charge for the year	16,500
On disposals	(11,675)
At 31 August 2014	107,809
Net book values
At 31 August 2014	25,048
At 31 August 2013	45,639