Abbreviated Company Accounts - CENTRAL ADVISORY AND TRAINING SERVICES LIMITED

Abbreviated Company Accounts - CENTRAL ADVISORY AND TRAINING SERVICES LIMITED

CENTRAL ADVISORY AND TRAINING SERVICES LIMITED - Company Information

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Registered Number 03775771

CENTRAL ADVISORY AND TRAINING SERVICES LIMITED

Abbreviated Accounts

31 March 2015

CENTRAL ADVISORY AND TRAINING SERVICES LIMITED Registered Number 03775771

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 213,179 215,177
Investments 3 236,774 236,774
449,953 451,951
Current assets
Debtors 10,008 13,067
Cash at bank and in hand 18,191 60,028
28,199 73,095
Creditors: amounts falling due within one year 4 (170,082) (195,702)
Net current assets (liabilities) (141,883) (122,607)
Total assets less current liabilities 308,070 329,344
Creditors: amounts falling due after more than one year 4 (90,250) (100,535)
Total net assets (liabilities) 217,820 228,809
Capital and reserves
Called up share capital 2 2
Profit and loss account 217,818 228,807
Shareholders' funds 217,820 228,809
  • 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 23 December 2015

And signed on their behalf by:
P A Grice, Director
A J Randall, Director

CENTRAL ADVISORY AND TRAINING SERVICES LIMITED Registered Number 03775771

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Fixed Assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold improvements 10% on cost
Fixtures and fittings 20% on cost
Office & computer equipment 25% & 50% on cost

Other accounting policies
Operating Lease Agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension Costs
The company contributes to the personal pension plans of certain employees. Contributions are charged to the profit and loss account as they become payable.

Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax assets are recognised only to the extent that there will be taxable profits from which the reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 April 2014 299,547
Additions 1,667
Disposals -
Revaluations -
Transfers -
At 31 March 2015 301,214
Depreciation
At 1 April 2014 84,370
Charge for the year 3,665
On disposals -
At 31 March 2015 88,035
Net book values
At 31 March 2015 213,179
At 31 March 2014 215,177

3Fixed assets Investments
Cost: At 1 April 2014 & 31 March 2015: £236,774

The company has a 30% shareholding in Hens for Hire Limited, a company incorporated in England and Wales, which provides a hen and equipment hire service for schools.

4Creditors
2015
£		 2014
£
Secured Debts 100,250 110,535