Combio Aqua Fide Ltd - Limited company - abbreviated - 11.9

COMBIO AQUA FIDE LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P C Parry-Williams

REGISTERED OFFICE:

20 The Street

Hullavington

Chippenham

Wiltshire

SN14 6DU

REGISTERED NUMBER:

05117909 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Griffon House

Seagry Heath

Great Somerford

Wiltshire

SN15 5EN

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

3,181

4,006

3,181

4,006

CURRENT ASSETS

Stocks

3,456

4,291

Debtors

411

60

Cash at bank

1,173

1,204

5,040

5,555

CREDITORS

Amounts falling due within one year

50,969

52,289

NET CURRENT LIABILITIES

(45,929

)

(46,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,748

)

(42,728

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(42,750

)

(42,730

)

SHAREHOLDERS' FUNDS

(42,748

)

(42,728

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 22 February 2016 and were signed by:

P C Parry-Williams - 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.

Goodwill

Following an impairment review the director has decided to write off the value of the goodwill to nil.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The accounts have been prepared using the going concern basis. The balance sheet shows a shareholder's

deficiency at the year end, however, the directors have confirmed their continued support and consider the

company retains sufficient working capital to continue trading for the foreseeable future.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

30,935

AMORTISATION

At 1 June 2014

and 31 May 2015

30,935

NET BOOK VALUE

At 31 May 2015

-

At 31 May 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

14,194

Additions

237

At 31 May 2015

14,431

DEPRECIATION

At 1 June 2014

10,188

Charge for year

1,062

At 31 May 2015

11,250

NET BOOK VALUE

At 31 May 2015

3,181

At 31 May 2014

4,006

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

1

2

2