Cambridge Performance Composites Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07757889 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

FOR

CAMBRIDGE PERFORMANCE COMPOSITES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Bedford

D Herod

A McCaffrey

J Alexander

SECRETARY:

Mrs L McCaffrey

REGISTERED OFFICE:

118 Thrapston Road

Brampton

Huntingdon

Cambs

PE28 4NN

REGISTERED NUMBER:

07757889 (England and Wales)

ACCOUNTANTS:

Tacconi Green and Co

Accountants

32a East Street

St. Ives

Cambs

PE27 5PD

FIXED ASSETS

Tangible assets

2

82,350

80,512

CURRENT ASSETS

Stocks

11,477

3,830

Debtors

213,547

132,300

Cash at bank and in hand

163,416

59,170

388,440

195,300

CREDITORS

Amounts falling due within one year

193,918

132,287

NET CURRENT ASSETS

194,522

63,013

TOTAL ASSETS LESS CURRENT LIABILITIES

276,872

143,525

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

276,772

143,425

SHAREHOLDERS' FUNDS

276,872

143,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 6th October 2015 and were signed on its behalf by:

A McCaffrey - 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.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

113,117

Additions

47,448

Disposals

(45,728

)

At 31st March 2015

114,837

DEPRECIATION

At 1st April 2014

32,605

Charge for year

8,794

Eliminated on disposal

(8,912

)

At 31st March 2015

32,487

NET BOOK VALUE

At 31st March 2015

82,350

At 31st March 2014

80,512

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100