Abbreviated Company Accounts - CASH CONVERTERS (EDMONTON) LIMITED

Abbreviated Company Accounts - CASH CONVERTERS (EDMONTON) LIMITED

CASH CONVERTERS (EDMONTON) LIMITED - Company Information

Print Friendly Version

Registered Number 06026816

CASH CONVERTERS (EDMONTON) LIMITED

Abbreviated Accounts

31 March 2015

CASH CONVERTERS (EDMONTON) LIMITED Registered Number 06026816

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 58,000 69,000
Tangible assets 3 61,117 61,880
119,117 130,880
Current assets
Stocks 199,513 170,808
Debtors 103,158 54,870
Cash at bank and in hand 22,819 51,700
325,490 277,378
Creditors: amounts falling due within one year (206,133) (242,434)
Net current assets (liabilities) 119,357 34,944
Total assets less current liabilities 238,474 165,824
Creditors: amounts falling due after more than one year - (3,056)
Provisions for liabilities (8,872) (8,288)
Total net assets (liabilities) 229,602 154,480
Capital and reserves
Called up share capital 2 2
Profit and loss account 229,600 154,478
Shareholders' funds 229,602 154,480
  • For the year ending 31 March 2015 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 21 October 2015

And signed on their behalf by:
Kevin Poole, Director

CASH CONVERTERS (EDMONTON) LIMITED Registered Number 06026816

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 VAT 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 of the fixed assets, less thier estimated residual value, over thier expected useful lives on the following bases:-

Leashold 15% on reducing balance
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over it's estimated economic life of ten years.

2Intangible fixed assets
£
Cost
At 1 April 2014 110,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 110,000
Amortisation
At 1 April 2014 41,000
Charge for the year 11,000
On disposals -
At 31 March 2015 52,000
Net book values
At 31 March 2015 58,000
At 31 March 2014 69,000
3Tangible fixed assets
£
Cost
At 1 April 2014 149,051
Additions 20,269
Disposals -
Revaluations -
Transfers -
At 31 March 2015 169,320
Depreciation
At 1 April 2014 87,171
Charge for the year 21,032
On disposals -
At 31 March 2015 108,203
Net book values
At 31 March 2015 61,117
At 31 March 2014 61,880