Abbreviated Company Accounts - CUMBERLAND ELECTRICAL WHOLESALE SUPPLIES LIMITED

Abbreviated Company Accounts - CUMBERLAND ELECTRICAL WHOLESALE SUPPLIES LIMITED

CUMBERLAND ELECTRICAL WHOLESALE SUPPLIES LIMITED - Company Information

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Registered Number SC159757

CUMBERLAND ELECTRICAL WHOLESALE SUPPLIES LIMITED

Abbreviated Accounts

30 September 2014

CUMBERLAND ELECTRICAL WHOLESALE SUPPLIES LIMITED Registered Number SC159757

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 4,569 6,764
4,569 6,764
Current assets
Stocks 25,406 29,103
Debtors 37,989 59,604
Cash at bank and in hand 74,107 62,977
137,502 151,684
Creditors: amounts falling due within one year (30,547) (44,194)
Net current assets (liabilities) 106,955 107,490
Total assets less current liabilities 111,524 114,254
Total net assets (liabilities) 111,524 114,254
Capital and reserves
Called up share capital 56,000 56,000
Profit and loss account 55,524 58,254
Shareholders' funds 111,524 114,254
  • For the year ending 30 September 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 9 February 2015

And signed on their behalf by:
Clive Moffat, Director

CUMBERLAND ELECTRICAL WHOLESALE SUPPLIES LIMITED Registered Number SC159757

Notes to the Abbreviated Accounts for the period ended 30 September 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.

Turnover policy
Turnover comprises sales to external customers at invoiced amounts excluding value added tax.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less any depreciation and any provision for impairment. Depreciation is provided to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment 25% straight line
Motor Vehicles 25% straight line
Fixtures and Fittings 15% reducing balance

2Tangible fixed assets
£
Cost
At 1 October 2013 29,414
Additions 922
Disposals -
Revaluations -
Transfers -
At 30 September 2014 30,336
Depreciation
At 1 October 2013 22,650
Charge for the year 3,117
On disposals -
At 30 September 2014 25,767
Net book values
At 30 September 2014 4,569
At 30 September 2013 6,764