CASTLE_HYDRAULICS_&_PNEUM - Accounts

CASTLE HYDRAULICS AND PNEUMATICS LIMITED - Company Information

Print Friendly Version

Company Registration No. 02584848 (England and Wales)

CASTLE HYDRAULICS & PNEUMATICS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

CASTLE HYDRAULICS & PNEUMATICS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CASTLE HYDRAULICS & PNEUMATICS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

17,805

19,171

Current assets

Stocks

138,039

145,658

Debtors

212,307

227,040

Cash at bank and in hand

132,007

47,579

482,353

420,277

Creditors: amounts falling due within one year

(168,629)

(162,252)

Net current assets

313,724

258,025

Total assets less current liabilities

331,529

277,196

Provisions for liabilities

(2,717)

(2,806)

328,812

274,390

Capital and reserves

Called up share capital

100

Profit and loss account

328,712

274,290

Shareholders' funds

328,812

274,390

For the financial year ended 30 June 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 9 February 2016

C.M. Harbidge

Director

Company Registration No. 02584848

CASTLE HYDRAULICS & PNEUMATICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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

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:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

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.

CASTLE HYDRAULICS & PNEUMATICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2014

85,234

Additions

4,571

At 30 June 2015

89,805

Depreciation

At 1 July 2014

66,063

Charge for the year

5,937

At 30 June 2015

72,000

Net book value

At 30 June 2015

17,805

At 30 June 2014

19,171

Share capital

2015

2014

Allotted, called up and fully paid

100 ordinary shares of £1 each

100