Cornwall Energy Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05379768 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

CORNWALL ENERGY ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr N P Cornwall

Mr A W S Jones

Mr R E Buckley

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

64,617

67,230

CURRENT ASSETS

Debtors

401,766

261,773

Cash at bank

417,583

217,105

819,349

478,878

CREDITORS

Amounts falling due within one year

673,573

411,410

NET CURRENT ASSETS

145,776

67,468

TOTAL ASSETS LESS CURRENT LIABILITIES

210,393

134,698

PROVISIONS FOR LIABILITIES

11,000

11,000

NET ASSETS

199,393

123,698

CAPITAL AND RESERVES

Called up share capital

3

106

103

Share premium

2,322

-

Profit and loss account

196,965

123,595

SHAREHOLDERS' FUNDS

199,393

123,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 12 June 2015 and were signed on its behalf by:

Mr N P Cornwall - Director

Mr R E Buckley - 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 2014

104,975

Additions

16,505

Disposals

(5,275

)

At 31 March 2015

116,205

DEPRECIATION

At 1 April 2014

37,745

Charge for year

16,301

Eliminated on disposal

(2,458

)

At 31 March 2015

51,588

NET BOOK VALUE

At 31 March 2015

64,617

At 31 March 2014

67,230

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

NIL

Ordinary

20p

-

103

5,140

A Ordinary

2p

103

-

140

B Ordinary

2p

3

-

106

103

4.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.