Abbreviated Company Accounts - CLASSIC LINES (CASTLE CARY) LTD

CLASSIC LINES (CASTLE CARY) LTD - Company Information

Registered Number 04612608

CLASSIC LINES (CASTLE CARY) LTD

Abbreviated Accounts

31 December 2014

CLASSIC LINES (CASTLE CARY) LTD Registered Number 04612608

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	1	1
Tangible assets	3	1,660	1,365
		1,661	1,366
Current assets
Stocks		9,782	8,408
Debtors		4,137	4,247
Cash at bank and in hand		64	4,601
		13,983	17,256
Creditors: amounts falling due within one year		(65,725)	(73,333)
Net current assets (liabilities)		(51,742)	(56,077)
Total assets less current liabilities		(50,081)	(54,711)
Total net assets (liabilities)		(50,081)	(54,711)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(50,083)	(54,713)
Shareholders' funds		(50,081)	(54,711)

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 24 September 2015

And signed on their behalf by:
T E Davis, Director

CLASSIC LINES (CASTLE CARY) LTD Registered Number 04612608

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 represents the sales derived from ordinary activities and stated after VAT.

Tangible assets depreciation policy
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:-

Equipment 15% reducing balance method
Leasehold property Over the period of the lease straight line

Intangible assets amortisation policy
Amortisation of goodwill
Goodwill arising on acquisitions is capitalised and amortised over its useful economic life on a straight line basis. The directors consider the useful economic life to be 5 years.

2Intangible fixed assets

	£
Cost
At 1 January 2014	1
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	1
Amortisation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	1
At 31 December 2013	1

3Tangible fixed assets

	£
Cost
At 1 January 2014	21,838
Additions	541
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	22,379
Depreciation
At 1 January 2014	20,473
Charge for the year	246
On disposals	-
At 31 December 2014	20,719
Net book values
At 31 December 2014	1,660
At 31 December 2013	1,365