Abbreviated Company Accounts - NAILSWORTH CARPETS LIMITED

Abbreviated Company Accounts - NAILSWORTH CARPETS LIMITED

NAILSWORTH CARPETS LIMITED - Company Information

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Registered Number 04532950

NAILSWORTH CARPETS LIMITED

Abbreviated Accounts

31 October 2014

NAILSWORTH CARPETS LIMITED Registered Number 04532950

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 15,000 15,000
Tangible assets 3 188,470 189,512
203,470 204,512
Current assets
Stocks 10,900 10,500
Debtors 37,325 46,978
Cash at bank and in hand 30 730
48,255 58,208
Creditors: amounts falling due within one year (148,893) (148,907)
Net current assets (liabilities) (100,638) (90,699)
Total assets less current liabilities 102,832 113,813
Creditors: amounts falling due after more than one year (55,365) (66,539)
Total net assets (liabilities) 47,467 47,274
Capital and reserves
Called up share capital 100 100
Profit and loss account 47,367 47,174
Shareholders' funds 47,467 47,274
  • For the year ending 31 October 2014 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 30 July 2015

And signed on their behalf by:
S MARSHALL, Director

NAILSWORTH CARPETS LIMITED Registered Number 04532950

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
TRANSACTION WITH DIRECTORS
During the year the company occupied premises owned by Mr S Marshall and Mrs B Marshall directors and major shareholders of the company. The rent paid was £7200 ( 2013 £7200 ) which is not considered to be a market value.

2Intangible fixed assets
£
Cost
At 1 November 2013 15,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2014 15,000
Amortisation
At 1 November 2013 0
Charge for the year 0
On disposals -
At 31 October 2014 0
Net book values
At 31 October 2014 15,000
At 31 October 2013 15,000
3Tangible fixed assets
£
Cost
At 1 November 2013 205,466
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2014 205,466
Depreciation
At 1 November 2013 15,954
Charge for the year 1,042
On disposals -
At 31 October 2014 16,996
Net book values
At 31 October 2014 188,470
At 31 October 2013 189,512