CC_ELECTRONICS_LIMITED - Accounts

CC ELECTRONICS LIMITED - Company Information

Print Friendly Version

Company Registration No. 04641877 (England and Wales)

CC ELECTRONICS LIMITED

(FORMERLY CC ELECTRONICS SUPPLYLINE LIMITED)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

CC ELECTRONICS LIMITED

(FORMERLY CC ELECTRONICS SUPPLYLINE LIMITED)

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CC ELECTRONICS LIMITED

(FORMERLY CC ELECTRONICS SUPPLYLINE LIMITED)

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

37,396

9,137

Debtors

399,317

329,753

Cash at bank and in hand

57,733

166,726

494,446

505,616

Creditors: amounts falling due within one year

(493,657)

(505,488)

Total assets less current liabilities

789

128

Capital and reserves

Called up share capital

100

Profit and loss account

689

Shareholders' funds

789

128

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 22 December 2015

A D Maitland

Director

Company Registration No. 04641877

CC ELECTRONICS LIMITED

(FORMERLY CC ELECTRONICS SUPPLYLINE 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).

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

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £5,406 (2014 - £181,338).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Loans to directors and shareholders

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

A D Maitland -

9,000

On 31 March 2014 an interest free advance was given to the director as a bridging loan which has been repaid.