C_B_L_COMPONENTS_LIMITED - Accounts

C B L COMPONENTS LIMITED - Company Information

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Company Registration No. 05286263 (England and Wales)

C B L COMPONENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

C B L COMPONENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

C B L COMPONENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

1,033

3,187

Cash at bank and in hand

810

1,062

3,997

Creditors: amounts falling due within one year

(10,701)

(16,941)

Total assets less current liabilities

(9,639)

(12,944)

Capital and reserves

Called up share capital

Profit and loss account

(9,640)

(12,945)

Shareholders' funds

(9,639)

(12,944)

For the financial year ended 31 March 2015 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 11 December 2015

Mr C B Lewis

Director

Company Registration No. 05286263

C B L COMPONENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 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 April 2008).

Going concern

As at 31 March 2015 the company was insolvent as a result of an earlier decline in sales. The director is actively seeking to gain new business while continuing to help finance the company in order that the company can continue as a going concern.

The company is reliant on the support of its director who is the major creditor. As and when he draws the loan owing to him, he will not jeopardise the position of any other creditor.

1.2

Turnover

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

1.3

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:

Computer equipment

25% on cost

Fixtures, fittings & equipment

25% on cost

1.4

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.

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

2,740

Depreciation

At 1 April 2014 & at 31 March 2015

2,740

Net book value

At 31 March 2015

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each