Coyte Carpets Limited - Limited company - abbreviated

REGISTERED NUMBER: 01335661 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Coyte Carpets Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs B M Gibbs

A Matthews

D R Amour

SECRETARY:

D R Amour

REGISTERED OFFICE:

220A Derby Road

Burton on Trent

Staffordshire

DE14 1RN

REGISTERED NUMBER:

01335661 (England and Wales)

ACCOUNTANTS:

Buckler Spencer Limited

Chartered Accountants

Old Police Station

Church Street

Swadlincote

DE11 8LN

FIXED ASSETS

Tangible assets

2

4,026

5,092

CURRENT ASSETS

Stocks

22,089

24,912

Debtors

23,553

19,029

Cash at bank

56,113

53,264

101,755

97,205

CREDITORS

Amounts falling due within one year

61,347

59,220

NET CURRENT ASSETS

40,408

37,985

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,434

43,077

PROVISIONS FOR LIABILITIES

500

650

NET ASSETS

43,934

42,427

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

43,834

42,327

SHAREHOLDERS' FUNDS

43,934

42,427

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 15 June 2015 and were signed on its behalf by:

Mrs B M Gibbs - 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 net invoiced sales of goods, 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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

45,373

DEPRECIATION

At 1 April 2014

40,281

Charge for year

1,066

At 31 March 2015

41,347

NET BOOK VALUE

At 31 March 2015

4,026

At 31 March 2014

5,092

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

20

'A' Ordinary

£1

20

40

'B' Ordinary

£1

40

'C' Ordinary

£1

40

100

Coyte Carpets Limited - Limited company - abbreviated - 11.6

Coyte Carpets Limited - Limited company - abbreviated - 11.6