Abbreviated Company Accounts - CULVERSTONE STORES LTD

CULVERSTONE STORES LTD - Company Information

05446929 CULVERSTONE STORES LTD 2014-09-30 false 2013-10-01 2014-09-30 true 05446929 2013-10-01 2014-09-30 05446929 2014-09-30 05446929 2013-09-30 05446929 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 05446929 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 05446929

CULVERSTONE STORES LTD

Abbreviated Accounts

30 September 2014

CULVERSTONE STORES LTD Registered Number 05446929

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	635,502	652,233
		635,502	652,233
Current assets
Stocks		38,986	43,525
Debtors		92,154	88,234
Cash at bank and in hand		7,230	6,865
		138,370	138,624
Creditors: amounts falling due within one year	3	(180,716)	(198,498)
Net current assets (liabilities)		(42,346)	(59,874)
Total assets less current liabilities		593,156	592,359
Creditors: amounts falling due after more than one year	3	(555,004)	(541,324)
Total net assets (liabilities)		38,152	51,035
Capital and reserves
Called up share capital	4	3,000	3,000
Profit and loss account		35,152	48,035
Shareholders' funds		38,152	51,035

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 30 June 2015

And signed on their behalf by:
T S Juty, Director

CULVERSTONE STORES LTD Registered Number 05446929

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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:

Land and buildings - 2% straight line basis
Plant and machinery - 20% reducing balance
Fixtures and fittings - 15% reduing balance
Office equipment - 25% reducing balance

Other accounting policies
Stock:

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 October 2013	962,190
Additions	8,369
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	970,559
Depreciation
At 1 October 2013	309,957
Charge for the year	25,100
On disposals	-
At 30 September 2014	335,057
Net book values
At 30 September 2014	635,502
At 30 September 2013	652,233

3Creditors

	2014 £	2013 £
Non-instalment debts due after 5 years	555,004	541,324

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
3,000 Ordinary shares of £1 each	3,000	3,000