Cousins Material House Limited - Limited company - abbreviated - 11.9

Cousins Material House Limited - Limited company - abbreviated - 11.9

COUSINS MATERIAL HOUSE LIMITED - Company Information

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REGISTERED NUMBER: 04890253 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

COUSINS MATERIAL HOUSE LIMITED
Sargeant Partnership
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG








COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

COUSINS MATERIAL HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015







DIRECTOR: A Cousins





SECRETARY: J Wood





REGISTERED OFFICE: Unit J
Chesham Close
Romford
Essex
RM7 7PJ





REGISTERED NUMBER: 04890253 (England and Wales)





ACCOUNTANTS: Sargeant Partnership
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG
Page 1
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 219,999 247,499
Tangible assets 3 302,209 321,352
522,208 568,851

CURRENT ASSETS
Stocks 3,592,870 2,245,658
Debtors 460,781 463,470
Cash in hand 1,508,724 2,031,652
5,562,375 4,740,780
CREDITORS
Amounts falling due within one year 723,507 661,020
NET CURRENT ASSETS 4,838,868 4,079,760
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,361,076
4,648,611

PROVISIONS FOR LIABILITIES 47,219 57,542
NET ASSETS 5,313,857 4,591,069

CAPITAL AND RESERVES
Called up share capital 4 120 120
Profit and loss account 5,313,737 4,590,949
SHAREHOLDERS' FUNDS 5,313,857 4,591,069

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these abbreviated accounts

Page 2 continued...
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2015


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 14 March 2016 and were signed by:





A Cousins - Director


The notes form part of these abbreviated accounts

Page 3
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015

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 2003, 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.

Improvements to property - 25% per annum on cost
Fixtures and fittings - 25% per annum on cost
Motor vehicles - 25% per annum on cost
Computer software - 33% per annum 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

Page 4 continued...
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 550,002
AMORTISATION
At 1 November 2014 302,503
Amortisation for year 27,500
At 31 October 2015 330,003
NET BOOK VALUE

At 31 October 2015 219,999
At 31 October 2014 247,499

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014 803,131
Additions 98,033
Disposals (416,776 )
At 31 October 2015 484,388
DEPRECIATION
At 1 November 2014 481,779
Charge for year 117,176
Eliminated on disposal (416,776 )
At 31 October 2015 182,179
NET BOOK VALUE
At 31 October 2015 302,209
At 31 October 2014 321,352

Page 5 continued...
COUSINS MATERIAL HOUSE LIMITED (REGISTERED NUMBER: 04890253)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2015

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
80 Ordinary £1 80 96
(2014 - 96 )
20 A Ordinary £1 20 20
2 B Ordinary £1 2 2
2 C Ordinary £1 2 2
16 D Ordinary £1 16 -
120 120

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, Mr A Cousins owed the company £68,261 (2014: £105,348).

Page 6