Colville Engineering Solutions Limited - Period Ending 2016-01-31

Registration number: 08377645

Colville Engineering Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Colville Engineering Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Colville Engineering Solutions Limited
(Registration number: 08377645)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			532			710
Current assets
Debtors					5,087			2,323
Cash at bank and in hand					58,643			64,054
					63,730			66,377
Creditors: Amounts falling due within one year					(19,386)			(29,902)
Net current assets					44,344			36,475
Net assets					44,876			37,185
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					44,776			37,085
Shareholders' funds					44,876			37,185

For the year ending 31 January 2016 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 director acknowledges his 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 director on 1 March 2016

.........................................
Alastair Holmes
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Colville Engineering Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Colville Engineering Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		1,263			1,263
At 31 January 2016		1,263			1,263
Depreciation
At 1 February 2015		553			553
Charge for the year		178			178
At 31 January 2016		731			731
Net book value
At 31 January 2016		532			532
At 31 January 2015		710			710

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3