Cammarch Activities Limited - Period Ending 2015-03-31

Registration number: 06544222

 

Cammarch Activities Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Cammarch Activities Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Cammarch Activities Limited
balance sheet as at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					45,759			45,759
Current assets
Stocks					2,574			3,670
Cash at bank and in hand					102			86
					2,676			3,756
Creditors: Amounts falling due within one year		3			(40,947)			(41,151)
Net current liabilities					(38,271)			(37,395)
Total assets less current liabilities					7,488			8,364
Creditors: Amounts falling due after more than one year		3			(9,373)			(10,007)
Total net liabilities					(1,885)			(1,643)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(1,985)			(1,743)
Shareholders' deficit					(1,885)			(1,643)

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Cammarch Activities Limited
balance sheet as at 31 March 2015
......... continued

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 1 December 2015 and signed on its behalf by:

 Mrs K Dangerfield
 Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Cammarch Activities Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2009)

Going concern

At the balance sheet date the company had an excess of net current liabilities of £38,271 (£37,395 - 2014) and total net liabilities of £1,885 (£1,643 - 2014). However creditors includes Directors Loans totalling £39.608 (£26,274 - 2014) The directors are aware of the turnover and margins that the company needs to acheive in order to keep the company in profit and they believe these targets can be met. The directors review realistic objectives at regular intervals. Based on this periodic review and the companies plans and the continued support of the directors, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Asset class	Depreciation method and rate
Freehold Land	not provided

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting puposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Cammarch Activities Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		45,759			45,759
At 31 March 2015		45,759			45,759
Depreciation
At 31 March 2015		-			-
Net book value
At 31 March 2015		45,759			45,759
At 31 March 2014		45,759			45,759

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		9,998			10,621

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4