Abbreviated Company Accounts - COASTAL DRAINS LTD

CHILDS BUILDING SERVICES (SUSSEX) LTD - Company Information

05736336 COASTAL DRAINS LTD 2015-03-31 false 2014-04-01 2015-03-31 true 05736336 2014-04-01 2015-03-31 05736336 2015-03-31 05736336 2014-03-31 05736336 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05736336 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05736336

COASTAL DRAINS LTD

Abbreviated Accounts

31 March 2015

COASTAL DRAINS LTD Registered Number 05736336

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	93,757	67,981
		93,757	67,981
Current assets
Stocks		1,500	1,500
Debtors		73,427	82,006
Cash at bank and in hand		14,776	10,196
		89,703	93,702
Creditors: amounts falling due within one year		(183,108)	(161,312)
Net current assets (liabilities)		(93,405)	(67,610)
Total assets less current liabilities		352	371
Total net assets (liabilities)		352	371
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		252	271
Shareholders' funds		352	371

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 4 December 2015

And signed on their behalf by:
G CHILD, Director

COASTAL DRAINS LTD Registered Number 05736336

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the net invoiced value of work done, excluding Value Added Tax and is attributed to the one principal activity of the Company wholly carried out in the United Kingdom.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and Equipment - 15% on reducing balance
Motor Vans - 25% on reducing balance
Office furniture and Equipment - 15% on reducing balance
Computer Equipment - 20% on straight line

Other accounting policies
Stock and Work in Progress

Stock and work in progress are valued at the lower of cost including attributable overheads and net realisable value.

Transaction with Director

A Lease was signed by the Company with its Director for the use of his premises at Unit 3, Wayside, Commerce Way, Lancing Business Park, Lancing, West Sussex, BN15 8SW, at an annual rental of £12,000 based upon the open market value. The rental paid during the year has been shown in the Profit and Loss Account.

2Tangible fixed assets

	£
Cost
At 1 April 2014	182,030
Additions	48,521
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	230,551
Depreciation
At 1 April 2014	114,049
Charge for the year	22,745
On disposals	-
At 31 March 2015	136,794
Net book values
At 31 March 2015	93,757
At 31 March 2014	67,981

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100