CMC Traders Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06402545 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

CMC Traders Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Silver

A Gottesfeld

J Gottesfeld

SECRETARY:

E Gottesfeld

REGISTERED OFFICE:

Suite No. 27, 159 Clapton Common

London

E5 9AE

REGISTERED NUMBER:

06402545 (England and Wales)

ACCOUNTANTS:

Precision (UK) Ltd

FIXED ASSETS

Tangible assets

2

51,348

51,409

CURRENT ASSETS

Stocks

75,000

Cash at bank

15,655

108

90,655

75,108

CREDITORS

Amounts falling due within one year

101,662

90,900

NET CURRENT LIABILITIES

(11,007

)

(15,792

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,341

35,617

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

40,339

35,615

SHAREHOLDERS' FUNDS

40,341

35,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 21 September 2015 and were signed on its behalf
by:

J Gottesfeld - 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 etc

-

15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

105,303

Additions

9,000

At 31 December 2014

114,303

DEPRECIATION

At 1 January 2014

53,894

Charge for year

9,061

At 31 December 2014

62,955

NET BOOK VALUE

At 31 December 2014

51,348

At 31 December 2013

51,409

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

2

Ordinary

1

2

CMC Traders Ltd - Limited company - abbreviated - 11.6

CMC Traders Ltd - Limited company - abbreviated - 11.6