CDS Diesels Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09104921 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 26 June 2014 to 30 June 2015

for

Cds Diesels Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S A Dyer

Mrs D Dyer

REGISTERED OFFICE:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

REGISTERED NUMBER:

09104921 (England and Wales)

ACCOUNTANTS:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

BANKERS:

Barclays Bank plc

12 Rolle Street

Exmouth

Devon

EX8 1HD

FIXED ASSETS

Intangible assets

2

29,000

Tangible assets

3

23,286

52,286

CURRENT ASSETS

Stocks

48,805

Debtors

40,782

Cash in hand

50

89,637

CREDITORS

Amounts falling due within one year

4

108,240

NET CURRENT LIABILITIES

(18,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,683

PROVISIONS FOR LIABILITIES

4,657

NET ASSETS

29,026

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

29,024

SHAREHOLDERS' FUNDS

29,026

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

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

The directors acknowledge their 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 Board of Directors on 26 February 2016 and were signed on its behalf by:

S A Dyer - Director

Mrs D Dyer - 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty five years.

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.

Plant and machinery etc

-

25% on cost, 20% on cost and 15% on cost

Stocks

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

moving items.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

30,000

At 30 June 2015

30,000

AMORTISATION

Amortisation for period

1,000

At 30 June 2015

1,000

NET BOOK VALUE

At 30 June 2015

29,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

27,936

At 30 June 2015

27,936

DEPRECIATION

Charge for period

4,650

At 30 June 2015

4,650

NET BOOK VALUE

At 30 June 2015

23,286

4.

CREDITORS

Creditors include an amount of £ 6,531 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

2 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.