Cardroom Enterprises Limited - Period Ending 2016-04-30

Registration number: 05412430

Cardroom Enterprises Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

West House Accountants
Chartered Accountants
14 High Street
Tettenhall
Wolverhampton
West Midlands
WV6 8QT

Cardroom Enterprises Limited
(Registration number: 05412430)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,244			1,672
Current assets
Stocks					4,702			5,650
Debtors					25,734			137,336
Cash at bank and in hand					46,484			4,339
					76,920			147,325
Creditors: Amounts falling due within one year					(72,228)			(99,780)
Net current assets					4,692			47,545
Net assets					6,936			49,217
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					6,836			49,117
Shareholders' funds					6,936			49,217

For the year ending 30 April 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 his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the director on 29 July 2015

......................................... J M Kriskinans Director

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

Cardroom Enterprises Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 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 invoiced and amounts to be invoiced to customers in accordance with UITF 40 application note G revenue recognition, net of VAT and trade discounts.

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
Plant and machinery	25% straight line basis
Office equipment	33% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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.

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Cardroom Enterprises Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		13,741			13,741
Additions		1,519			1,519
At 30 April 2015		15,260			15,260
Depreciation
At 1 May 2014		12,069			12,069
Charge for the year		947			947
At 30 April 2015		13,016			13,016
Net book value
At 30 April 2015		2,244			2,244
At 30 April 2014		1,672			1,672

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
J M Kriskinans
Interest bearing loan	15,813	15,813	-	-

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