Cornish Natural Spring Water Company Lim - Limited company - abbreviated

REGISTERED NUMBER: 03996325 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Cornish Natural Spring Water Company

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M G Ham

L G Ham

J A Ham

Mrs E J Ham

SECRETARY:

Mrs E J Ham

REGISTERED OFFICE:

First Floor Office

22 Broad Street

Launceston

Cornwall

PL15 9DP

REGISTERED NUMBER:

03996325 (England and Wales)

ACCOUNTANTS:

Buttons Accounting Limited

First Floor Office

22 Broad Street

Launceston

Cornwall

PL15 8AE

FIXED ASSETS

Intangible assets

2

100,000

106,250

Tangible assets

3

100,776

135,427

200,776

241,677

CURRENT ASSETS

Stocks

41,352

40,530

Debtors

86,548

62,775

127,900

103,305

CREDITORS

Amounts falling due within one year

218,809

193,988

NET CURRENT LIABILITIES

(90,909

)

(90,683

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

109,867

150,994

CREDITORS

Amounts falling due after more than one year

4

(245,202

)

(279,620

)

PROVISIONS FOR LIABILITIES

(7,100

)

(10,640

)

ACCRUALS AND DEFERRED INCOME

(80,020

)

(98,644

)

NET LIABILITIES

(222,455

)

(237,910

)

CAPITAL AND RESERVES

Called up share capital

5

182

Share premium

14,918

Profit and loss account

(237,555

)

(253,010

)

SHAREHOLDERS' FUNDS

(222,455

)

(237,910

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 February 2016 and were signed on its behalf by:

M G Ham - Director

L G Ham - 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 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

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.

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

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

At 1 January 2015

and 31 December 2015

125,000

AMORTISATION

At 1 January 2015

18,750

Amortisation for year

6,250

At 31 December 2015

25,000

NET BOOK VALUE

At 31 December 2015

100,000

At 31 December 2014

106,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

487,824

DEPRECIATION

At 1 January 2015

352,397

Charge for year

34,651

At 31 December 2015

387,048

NET BOOK VALUE

At 31 December 2015

100,776

At 31 December 2014

135,427

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.12.15

31.12.14

£

Repayable by instalments

120,556

148,220

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

182

Ordinary

£1

182

Cornish Natural Spring Water Company Lim - Limited company - abbreviated - 11.6

Cornish Natural Spring Water Company Lim - Limited company - abbreviated - 11.6