CITY_SERVICES_(GREAT_HOWA - Accounts
CITY_SERVICES_(GREAT_HOWA - Accounts
Company Registration No. 06308635 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(424,798 )
(388,743 )
Net current (liabilities)/assets
(3,684 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(58,899 )
(86,440 )
Provisions for liabilities
(1,752 )
(2,174 )
133,354
167,210
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2015
- 2 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 8 December 2015
Director
Company Registration No. 06308635
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Plant and machinery
Leasehold properties
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Stock
Stock is stated at cost or net realisable value, whichever is lower. Cost comprises direct purchase costs (including transportation) and is determined using the first-in, first-out (FIFO) method for all stocks.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.8
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
405,798
Additions
15,541
At 30 June 2015
421,339
Depreciation
At 1 July 2014
152,102
Charge for the year
71,548
At 30 June 2015
223,650
Net book value
At 30 June 2015
197,689
At 30 June 2014
253,696
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid