C. England Joinery Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01334364 (England and Wales)

C. ENGLAND JOINERY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D A Smith

SECRETARY:

Mrs K L Smith

REGISTERED OFFICE:

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

REGISTERED NUMBER:

01334364 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

2

7,299

8,201

CURRENT ASSETS

Stocks

3,500

2,000

Debtors

61,213

45,051

64,713

47,051

CREDITORS

Amounts falling due within one year

121,910

54,351

NET CURRENT LIABILITIES

(57,197

)

(7,300

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(49,898

)

901

PROVISIONS FOR LIABILITIES

1,265

-

NET (LIABILITIES)/ASSETS

(51,163

)

901

CAPITAL AND RESERVES

Called up share capital

3

900

900

Profit and loss account

(52,063

)

1

SHAREHOLDERS' FUNDS

(51,163

)

901

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 June 2015 and were signed by:

D A Smith - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date current liabilities exceeded current assets by £57,197 (2013: £7,300). This is primarily

due to the company owing Mr D A Smith, the director £28,300 (2013: £1,775). The director has confirmed

continued support for a minimum period of at least 12 months from the date of approving these financial

statements.

Accordingly the director considers the use of going concern basis of accounting is appropriate as there are no

material uncertainties related to events or conditions that may cast significant doubt about the ability of the

company to continue as a going concern.

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.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 November 2013

and 31 October 2014

26,432

DEPRECIATION

At 1 November 2013

18,231

Charge for year

902

At 31 October 2014

19,133

NET BOOK VALUE

At 31 October 2014

7,299

At 31 October 2013

8,201

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

900

Ordinary

£1

900

900

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £28,300 (2013: £1,775) owed to Mr D A Smith, the director. The amount is

interest free with no set terms for repayment.