Cotswold Metal Roofing Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03073688 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 27 December 2014

for

Cotswold Metal Roofing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Snell

P T Stephenson

M G Dobson

P G Saunders

Mrs T J Snell

S Busby

SECRETARY:

Miss L L Greenaway

REGISTERED OFFICE:

Field Barn

Oxford Road

Woodstock

Oxfordshire

OX20 1HU

REGISTERED NUMBER:

03073688 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

FIXED ASSETS

Tangible assets

2

47,530

61,150

CURRENT ASSETS

Stocks

9,397

7,001

Debtors

285,669

247,676

Cash at bank

157,269

109,000

452,335

363,677

CREDITORS

Amounts falling due within one year

244,625

219,000

NET CURRENT ASSETS

207,710

144,677

TOTAL ASSETS LESS CURRENT LIABILITIES

255,240

205,827

CAPITAL AND RESERVES

Called up share capital

3

1,810

1,810

Profit and loss account

253,430

204,017

SHAREHOLDERS' FUNDS

255,240

205,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 December 2014 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 10 September 2015 and were signed on its behalf by:

P Snell - 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 and 10% on cost

Motor vehicles

-

20% on cost

Contracts, work in progress & turnover recognition

Turnover and attributable profit is recognised on all contracts according to the stage of completion,

where the eventual outcome of the contract can be reliably foreseen. Attributable turnover on such

contracts not yet invoiced at the year end is recognised in debtors.

Where the outcome of a contract in progress at the year end cannot be reliably foreseen, the net costs

of the contract are included within Work in Progress after deducting payments received on account.

Where a long term contract is considered to be loss making, the whole of the foreseeable loss is

recognised immediately.

Deferred tax

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

the balance sheet date.

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 28 December 2013

and 27 December 2014

121,442

DEPRECIATION

At 28 December 2013

60,292

Charge for year

13,620

At 27 December 2014

73,912

NET BOOK VALUE

At 27 December 2014

47,530

At 27 December 2013

61,150

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

27.12.14

27.12.13

value:

£

£

1,810

Ordinary

£1

1,810

1,810

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

CONTROLLING PARTY

By nature of his shareholding, Mr P Snell is deemed to be the controlling party of the company.