C. W. FACTORING LIMITED Accounts filed on 31-12-2014

C. W. FACTORING LIMITED Accounts filed on 31-12-2014


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C. W. FACTORING LIMITED




Company Registration Number:
05309877 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

C. W. FACTORING LIMITED

Company Information
for the Period Ended
31st December 2014




Director: K Morgan
Company secretary: W Morgan
Registered office: The Transport Yard
Great Union Street
Kingston Upon Hull
East Yorkshire
HU9 1AL
Company Registration Number: 05309877 (England and Wales)

C. W. FACTORING LIMITED

Abbreviated Balance sheet
As at 31st December 2014

Notes 2014
£
2013
£
Fixed assets
Tangible assets: 2 407,799 0
Total fixed assets: 407,799 0
Current assets
Debtors: 9,200 100,000
Cash at bank and in hand: 40,280 8,928
Total current assets: 49,480 108,928
Creditors
Creditors: amounts falling due within one year 3 420,637 90,339
Net current assets (liabilities): ( 371,157 ) 18,589
Total assets less current liabilities: 36,642 18,589
Total net assets (liabilities): 36,642 18,589

The notes form part of these financial statements

C. W. FACTORING LIMITED

Abbreviated Balance sheet
As at 31st December 2014
continued

Notes 2014
£
2013
£
Capital and reserves
Called up share capital: 4 1 1
Profit and Loss account: 36,641 18,588
Total shareholders funds: 36,642 18,589

For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 31 May 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: K Morgan
Status: Director

The notes form part of these financial statements

C. W. FACTORING LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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 policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    No depreciation is provided on freehold land and buildings

C. W. FACTORING LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014

  • 2. Tangible assets

    Total
    Cost £
    At 01st January 2014: 0
    Additions: 407,799
    At 31st December 2014: 407,799
    Net book value
    At 31st December 2014: 407,799
    At 31st December 2013: 0

C. W. FACTORING LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014

  • 3. Creditors: amounts falling due within one year

    2014
    £
    2013
    £
    Taxation and social security: 4,513 4,400
    Accruals and deferred income: 575 350
    Other creditors: 415,549 85,589
    Total: 420,637 90,339

C. W. FACTORING LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1