CB Construction & Lofts Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07225769 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

for

CB Construction & Lofts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs L Barrett

REGISTERED OFFICE:

3 Tibberton

Kingswood

Bristol

BS15 4JH

REGISTERED NUMBER:

07225769 (England and Wales)

ACCOUNTANTS:

Pure Professionals Limited

Chartered Accountants & Tax Advisers

12 Whiteladies Road

Clifton

Bristol

BS8 1PD

FIXED ASSETS

Tangible assets

2

161,009

43,264

CURRENT ASSETS

Stocks

4,975

26,000

Debtors

52,154

32,207

Cash at bank

4

65,751

57,133

123,958

CREDITORS

Amounts falling due within one year

96,025

64,386

NET CURRENT (LIABILITIES)/ASSETS

(38,892

)

59,572

TOTAL ASSETS LESS CURRENT LIABILITIES

122,117

102,836

CREDITORS

Amounts falling due after more than one year

(101,961

)

(14,876

)

PROVISIONS FOR LIABILITIES

(1,822

)

(8,317

)

NET ASSETS

18,334

79,643

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

18,234

79,543

SHAREHOLDERS' FUNDS

18,334

79,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 January 2016 and were signed by:

Mrs L Barrett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

65,247

Additions

157,500

Disposals

(45,450

)

At 30 April 2015

177,297

DEPRECIATION

At 1 May 2014

21,983

Charge for year

6,136

Eliminated on disposal

(11,831

)

At 30 April 2015

16,288

NET BOOK VALUE

At 30 April 2015

161,009

At 30 April 2014

43,264

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

Ordinary

£1

100

100