Cardens Limited - Period Ending 2015-03-31

Registration number: 04347771

Cardens Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

G W Jones & Co Limited
Chartered Certified Accountants

Cardens Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cardens Limited
(Registration number: 04347771)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,271			782
Current assets
Debtors					11,018			18,793
Cash at bank and in hand					66,798			69,819
					77,816			88,612
Creditors: Amounts falling due within one year					(58,087)			(52,215)
Net current assets					19,729			36,397
Total assets less current liabilities					23,000			37,179
Provisions for liabilities					(655)			(157)
Net assets					22,345			37,022
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					21,345			36,022
Shareholders' funds					22,345			37,022

For the year ending 31 March 2015 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 director acknowledges her 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 director on 21 July 2015

.........................................
Mrs H J Carden
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Cardens Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

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

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

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:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Computer equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Cardens Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		30,848			30,848
Additions		3,170			3,170
At 31 March 2015		34,018			34,018
Depreciation
At 1 April 2014		30,066			30,066
Charge for the year		681			681
At 31 March 2015		30,747			30,747
Net book value
At 31 March 2015		3,271			3,271
At 31 March 2014		782			782

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 3