Abbreviated Company Accounts - CORBEL LIMITED

NI045424 CORBEL LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true NI045424 2014-05-01 2015-04-30 NI045424 2015-04-30 NI045424 2014-04-30 NI045424 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 NI045424 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number NI045424

CORBEL LIMITED

Abbreviated Accounts

30 April 2015

CORBEL LIMITED Registered Number NI045424

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Current assets
Stocks		60,000	60,000
		60,000	60,000
Creditors: amounts falling due within one year		(550,621)	(550,621)
Net current assets (liabilities)		(490,621)	(490,621)
Total assets less current liabilities		(490,621)	(490,621)
Total net assets (liabilities)		(490,621)	(490,621)
Capital and reserves
Called up share capital	2	10,001	10,001
Profit and loss account		(500,622)	(500,622)
Shareholders' funds		(490,621)	(490,621)

For the year ending 30 April 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 29 January 2016

And signed on their behalf by:
Gary Murphy, Director

CORBEL LIMITED Registered Number NI045424

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention. The company has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

The balance sheet of the company is insolvent at 30 April 2015 and the directors have taken ongoing legal advice regarding the recoverability of debts owing to the company for work performed. It is becoming increasingly unlikely that the company will recover the debt. The directors have been instructed by their solicitor not to wind up the company until the legal action has been settled.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value

2Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10,001 Ordinary shares of £1 each	10,001	10,001