Canda Systems Limited - Period Ending 2015-03-31

Canda Systems Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Canda Systems Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Canda Systems Limited
(Registration number: 05661107)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					16,338			16,338
Tangible fixed assets					72,760			72,214
					89,098			88,552
Current assets
Debtors					77,109			61,630
Cash at bank and in hand					47,004			47,850
					124,113			109,480
Creditors: Amounts falling due within one year					(102,894)			(43,461)
Net current assets					21,219			66,019
Total assets less current liabilities					110,317			154,571
Creditors: Amounts falling due after more than one year					(29,414)			(86,706)
Net assets					80,903			67,865
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					80,803			67,765
Shareholders' funds					80,903			67,865

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 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 2 July 2015 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Canda Systems Limited
(Registration number: 05661107)
Abbreviated Balance Sheet at 31 March 2015
......... continued

.........................................
Mr Christopher Hayward
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Canda Systems 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).

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.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2014		16,338			116,398			132,736
Additions		-			24,797			24,797
At 31 March 2015		16,338			141,195			157,533
Depreciation
At 1 April 2014		-			44,184			44,184
Charge for the year		-			24,251			24,251
At 31 March 2015		-			68,435			68,435
Net book value
At 31 March 2015		16,338			72,760			89,098
At 31 March 2014		16,338			72,214			88,552

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years not by instalments		3,807			13,808

Page 3

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

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
ordinary of £1 each		100			100			100			100

Page 4