Abbreviated Company Accounts - CARL ELAM CONTRACTS LTD

Registered Number 07125627

CARL ELAM CONTRACTS LTD

Abbreviated Accounts

31 January 2016

CARL ELAM CONTRACTS LTD Registered Number 07125627

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,295	5,684
		7,295	5,684
Current assets
Stocks		6,250	5,888
Debtors		10,237	2,310
Cash at bank and in hand		12,242	9,638
		28,729	17,836
Creditors: amounts falling due within one year		(12,897)	(7,561)
Net current assets (liabilities)		15,832	10,275
Total assets less current liabilities		23,127	15,959
Creditors: amounts falling due after more than one year		(9,077)	(3,508)
Total net assets (liabilities)		14,050	12,451
Capital and reserves
Called up share capital		1	1
Profit and loss account		14,049	12,450
Shareholders' funds		14,050	12,451

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 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 11 February 2016

And signed on their behalf by:
Carl Elam, Director

CARL ELAM CONTRACTS LTD Registered Number 07125627

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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
Turnover represents the value, net of value added tax and trade discounts of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 February 2015	14,691
Additions	22,792
Disposals	(18,750)
Revaluations	-
Transfers	-
At 31 January 2016	18,733
Depreciation
At 1 February 2015	9,007
Charge for the year	2,431
On disposals	-
At 31 January 2016	11,438
Net book values
At 31 January 2016	7,295
At 31 January 2015	5,684