Cornwall Energy Associates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05379768 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

CORNWALL ENERGY ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr N P Cornwall

Mr A W S Jones

Mr R E Buckley

Mr R P Evans

REGISTERED OFFICE:

2 Millennium Plain

Bethel Street

Norwich

Norfolk

NR2 1TF

REGISTERED NUMBER:

05379768 (England and Wales)

ACCOUNTANTS:

Sexty & Co

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Tangible assets

2

67,230

60,844

CURRENT ASSETS

Debtors

261,773

287,882

Cash at bank

217,105

121,338

478,878

409,220

CREDITORS

Amounts falling due within one year

411,410

339,735

NET CURRENT ASSETS

67,468

69,485

TOTAL ASSETS LESS CURRENT LIABILITIES

134,698

130,329

PROVISIONS FOR LIABILITIES

11,000

10,000

NET ASSETS

123,698

120,329

CAPITAL AND RESERVES

Called up share capital

3

103

103

Profit and loss account

123,595

120,226

SHAREHOLDERS' FUNDS

123,698

120,329

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 July 2014 and were signed on its behalf by:

Mr N P Cornwall - 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 the amount receivable for the provision of goods and services, excluding value

added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

81,001

Additions

23,974

At 31 March 2014

104,975

DEPRECIATION

At 1 April 2013

20,157

Charge for year

17,588

At 31 March 2014

37,745

NET BOOK VALUE

At 31 March 2014

67,230

At 31 March 2013

60,844

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

NIL

Ordinary

£1

-

103

(2013 - 103 )

515

Ordinary

20p

103

-

103

103

4.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.