COSMOTRANS_INTERNATIONAL_ - Accounts

COSMOTRANS INTERNATIONAL LTD - Company Information

Print Friendly Version

Company Registration No. 02663163 (England and Wales)

COSMOTRANS INTERNATIONAL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

COSMOTRANS INTERNATIONAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

COSMOTRANS INTERNATIONAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

222

Current assets

Debtors

172,020

125,675

Cash at bank and in hand

30,531

73,589

202,551

199,264

Creditors: amounts falling due within one year

(142,252)

(145,882)

Net current assets

60,299

53,382

Total assets less current liabilities

60,299

53,604

60,299

53,604

Capital and reserves

Called up share capital

34,442

Other reserves

15,558

Profit and loss account

10,299

3,604

Shareholders' funds

60,299

53,604

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 August 2015

I.P. Herdman-Grant

J. Street

Director

Company Registration No. 02663163

COSMOTRANS INTERNATIONAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

33% on cost

1.4

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 July 2014

16,166

Disposals

(2,000)

At 30 June 2015

14,166

Depreciation

At 1 July 2014

15,944

On disposals

(2,000)

Charge for the year

222

At 30 June 2015

14,166

Net book value

At 30 June 2015

At 30 June 2014

222

COSMOTRANS INTERNATIONAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

34,442 Ordinary shares of £1 each

34,442