Concept Painting Contractors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04062739 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

CONCEPT PAINTING CONTRACTORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs M Brown

K Brown

SECRETARY:

Mrs M Brown

REGISTERED OFFICE:

154b Derby Road

Stapleford

Nottingham

Nottinghamshire

NG9 7AY

REGISTERED NUMBER:

04062739 (England and Wales)

ACCOUNTANTS:

Collins Chapple & Co Limited

34a Musters Road

West Bridgford

Nottingham

Nottinghamshire

NG2 7PL

FIXED ASSETS

Tangible assets

2

14,841

28,785

CURRENT ASSETS

Stocks

498,588

417,405

Debtors

48,759

118,458

Cash at bank

1

1

547,348

535,864

CREDITORS

Amounts falling due within one year

468,204

465,267

NET CURRENT ASSETS

79,144

70,597

TOTAL ASSETS LESS CURRENT LIABILITIES

93,985

99,382

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

93,983

99,380

SHAREHOLDERS' FUNDS

93,985

99,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 September 2015 and were signed on its behalf by:

K Brown - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

111,094

Additions

398

Disposals

(24,850

)

At 31 March 2015

86,642

DEPRECIATION

At 1 April 2014

82,309

Charge for year

3,857

Eliminated on disposal

(14,365

)

At 31 March 2015

71,801

NET BOOK VALUE

At 31 March 2015

14,841

At 31 March 2014

28,785

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2