Coombs of Medway Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07026323 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Coombs of Medway Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Coombs

S Coombs

REGISTERED OFFICE:

4 Stirling House

Sunderland Quay, Culpeper Close

Medway City Estate

Rochester

Kent

ME2 4HN

REGISTERED NUMBER:

07026323 (England and Wales)

ACCOUNTANTS:

Sinden Thackeray Partnership

Stirling House

Sunderland Quay

Culpeper Close

Rochester

Kent

ME2 4HN

FIXED ASSETS

Tangible assets

2

2,603

2,834

CURRENT ASSETS

Stocks

70,845

82,750

Debtors

75

-

Cash at bank

19,625

18,693

90,545

101,443

CREDITORS

Amounts falling due within one year

76,334

90,620

NET CURRENT ASSETS

14,211

10,823

TOTAL ASSETS LESS CURRENT LIABILITIES

16,814

13,657

PROVISIONS FOR LIABILITIES

521

518

NET ASSETS

16,293

13,139

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

16,292

13,138

SHAREHOLDERS' FUNDS

16,293

13,139

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 24 September 2015 and were signed on its behalf by:

J Coombs - 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

-

20% 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

6,685

Additions

420

At 31 December 2014

7,105

DEPRECIATION

At 1 January 2014

3,851

Charge for year

651

At 31 December 2014

4,502

NET BOOK VALUE

At 31 December 2014

2,603

At 31 December 2013

2,834

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

1

Ordinary

£1

1

1