C & D Limited - Abbreviated accounts

Registered number

01850143

C & D Limited

Abbreviated Accounts

31 October 2014

C & D Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of C & D Limited for the year ended 31 October 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of C & D Limited for the year ended 31 October 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Wesley Cooper Ltd
Chartered Accountants
Parker House
44 Stafford Road
Wallington
Surrey
SM6 9AA

3 February 2015

C & D Limited
Registered number:		01850143
Abbreviated Balance Sheet
as at 31 October 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		169,037			86,630

Current assets
Stocks		97,031			71,281
Debtors		463,471			531,190
Cash at bank and in hand		153,002			210,178
		713,504			812,649

Creditors: amounts falling due within one year		(363,256)			(390,224)

Net current assets			350,248			422,425

Total assets less current liabilities			519,285			509,055

Creditors: amounts falling due after more than one year			(3,309)			(7,740)

Provisions for liabilities			(17,654)			(11,842)


Net assets			498,322			489,473

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			498,222			489,373

Shareholders' funds			498,322			489,473

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



D G Hewitt
Director
Approved by the board on 3 February 2015

C & D Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2014

1	Accounting policies

	Basis of preparation
	The accounts 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			10-20% reducing balance
	Fixture & fittings			10% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.













2	Tangible fixed assets					£

	Cost
	At 1 November 2013					206,591
	Additions					97,598
	At 31 October 2014					304,189

	Depreciation
	At 1 November 2013					119,961
	Charge for the year					15,191
	At 31 October 2014					135,152

	Net book value
	At 31 October 2014					169,037
	At 31 October 2013					86,630



3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100