CAINE_&_ABLE_LIMITED - Accounts

CAINE & ABLE LIMITED - Company Information

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Company Registration No. 03345415 (England and Wales)

CAINE & ABLE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

CAINE & ABLE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CAINE & ABLE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

12,413

14,185

Current assets

Stocks

127,000

130,000

Investments

1,045

Cash at bank and in hand

742

1,210

128,787

132,255

Creditors: amounts falling due within one year

(226,473)

(251,842)

Net current liabilities

(97,686)

(119,587)

Total assets less current liabilities

(85,273)

(105,402)

Capital and reserves

Called up share capital

Profit and loss account

(85,275)

(105,404)

Shareholders' funds

(85,273)

(105,402)

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 3 December 2015

Mr Michael Caine

Director

Company Registration No. 03345415

CAINE & ABLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Reducing balance

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 June 2013 & at 31 May 2014

135,060

Depreciation

At 1 June 2013

120,457

Charge for the year

2,190

At 31 May 2014

122,647

Net book value

At 31 May 2014

12,413

At 31 May 2013

14,185

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each