Abbreviated Company Accounts - CUSTOM WORLD DORSET LIMITED

CUSTOM WORLD DORSET LIMITED - Company Information

07278411 CUSTOM WORLD DORSET LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 07278411 2014-07-01 2015-06-30 07278411 2015-06-30 07278411 2014-06-30 07278411 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 07278411 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 07278411

CUSTOM WORLD DORSET LIMITED

Abbreviated Accounts

30 June 2015

CUSTOM WORLD DORSET LIMITED Registered Number 07278411

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	132,292	157,292
Tangible assets	3	187,020	175,572
		319,312	332,864
Current assets
Stocks		56,920	87,245
Debtors		299,226	205,922
Cash at bank and in hand		34,491	305,112
		390,637	598,279
Creditors: amounts falling due within one year	4	(460,910)	(545,874)
Net current assets (liabilities)		(70,273)	52,405
Total assets less current liabilities		249,039	385,269
Creditors: amounts falling due after more than one year	4	(63,224)	(161,307)
Total net assets (liabilities)		185,815	223,962
Capital and reserves
Called up share capital	5	120	100
Share premium account		79,980	0
Profit and loss account		105,715	223,862
Shareholders' funds		185,815	223,962

For the year ending 30 June 2015 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 directors acknowledge their 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 Board on 29 September 2015

And signed on their behalf by:
Russell Bowyer, Director

CUSTOM WORLD DORSET LIMITED Registered Number 07278411

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover represents the invoiced value of goods sold and services rendered as principal
excluding value added tax and trade discounts. The total turnover of the company for the year
has been derived from its principal activity wholly undertaken in the UK.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write down to their
estimated residual value evenly over their expected useful life as follows:
Plant
and machinery 15% Reducing Balance.
Fixtures,
fittings and equipment 20% Straight Line.
Motor
Vehicles 20% Reducing Balance.
Computer
equipment 25% Straight Line.

Intangible assets amortisation policy
Goodwill acquired in the year is being amortised over a 10 year period against the profit and
loss as this is the policy adopted by the director of the company.

Other accounting policies
Stock
Stocks and work in progress are stated at the lower of cost and net realisable value. The cost of
work in progress comprises materials, direct labour and attributable production overheads. Net
realisable value is based on estimated selling price less further costs expected to be incurred
to completion and disposal.

2Intangible fixed assets

	£
Cost
At 1 July 2014	250,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	250,000
Amortisation
At 1 July 2014	92,708
Charge for the year	25,000
On disposals	-
At 30 June 2015	117,708
Net book values
At 30 June 2015	132,292
At 30 June 2014	157,292

3Tangible fixed assets

	£
Cost
At 1 July 2014	272,268
Additions	49,116
Disposals	(3,750)
Revaluations	-
Transfers	-
At 30 June 2015	317,634
Depreciation
At 1 July 2014	96,696
Charge for the year	35,468
On disposals	(1,550)
At 30 June 2015	130,614
Net book values
At 30 June 2015	187,020
At 30 June 2014	175,572

Net book value of assets held on finance lease £70,150 (2014: 48,902) and depreciation on these assets £11,596 (2014: £10,928)

4Creditors

	2015 £	2014 £
Secured Debts	92,105	104,856

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
120 Ordinary shares of £1 each (100 shares for 2014)	120	100