Abbreviated Company Accounts - COLBORNE (TROPHIES) LIMITED

Abbreviated Company Accounts - COLBORNE (TROPHIES) LIMITED

COLBORNE (TROPHIES) LIMITED - Company Information

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Registered Number 00398335

COLBORNE (TROPHIES) LIMITED

Abbreviated Accounts

31 December 2013

COLBORNE (TROPHIES) LIMITED Registered Number 00398335

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 5,040 5,800
5,040 5,800
Current assets
Stocks 41,996 43,445
Debtors 7,555 18,516
Cash at bank and in hand 12,438 8,585
61,989 70,546
Prepayments and accrued income 3,188 3,557
Creditors: amounts falling due within one year (9,180) (11,241)
Net current assets (liabilities) 55,997 62,862
Total assets less current liabilities 61,037 68,662
Total net assets (liabilities) 61,037 68,662
Capital and reserves
Called up share capital 130 130
Profit and loss account 60,907 68,532
Shareholders' funds 61,037 68,662
  • For the year ending 31 December 2013 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 16 September 2014

And signed on their behalf by:
Philip John Pearson, Director

COLBORNE (TROPHIES) LIMITED Registered Number 00398335

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following rates in order to write off each asset over its estimated life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer development - 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2013 128,722
Additions 456
Disposals -
Revaluations -
Transfers -
At 31 December 2013 129,178
Depreciation
At 1 January 2013 122,922
Charge for the year 1,216
On disposals -
At 31 December 2013 124,138
Net book values
At 31 December 2013 5,040
At 31 December 2012 5,800