Abbreviated Company Accounts - CRANDEN DIAMOND PRODUCTS LIMITED

Abbreviated Company Accounts - CRANDEN DIAMOND PRODUCTS LIMITED

CRANDEN DIAMOND PRODUCTS LIMITED - Company Information

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Registered Number 01879330

CRANDEN DIAMOND PRODUCTS LIMITED

Abbreviated Accounts

31 December 2014

CRANDEN DIAMOND PRODUCTS LIMITED Registered Number 01879330

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 1,167,430 1,192,371
Investments - -
1,167,430 1,192,371
Current assets
Stocks 79,957 79,149
Debtors 547,899 500,673
Investments - -
Cash at bank and in hand 47,435 2,082
675,291 581,904
Prepayments and accrued income 8,600 33,219
Creditors: amounts falling due within one year (302,010) (332,597)
Net current assets (liabilities) 381,881 282,526
Total assets less current liabilities 1,549,311 1,474,897
Creditors: amounts falling due after more than one year (205,351) (150,129)
Provisions for liabilities (106,800) (106,400)
Accruals and deferred income (33,860) (25,926)
Total net assets (liabilities) 1,203,300 1,192,442
Capital and reserves
Called up share capital 40,000 40,000
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 1,163,300 1,152,442
Shareholders' funds 1,203,300 1,192,442
  • 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.

Approved by the Board on 10 September 2015

And signed on their behalf by:
C.A Cranshaw, Director

CRANDEN DIAMOND PRODUCTS LIMITED Registered Number 01879330

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold buildings 2% straight line basis
Plant and machinery 10% reducing balance basis
Motor vehicles 25% reducing balance basis
Computer Equipment 33% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 January 2014 2,040,404
Additions 135,125
Disposals -
Revaluations -
Transfers -
At 31 December 2014 2,175,529
Depreciation
At 1 January 2014 848,033
Charge for the year 160,066
On disposals -
At 31 December 2014 1,008,099
Net book values
At 31 December 2014 1,167,430
At 31 December 2013 1,192,371