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| 1 |
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| CAVENSTONE LIMITED |
| Company Number - 08522630 |
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| ABBREVIATED BALANCE SHEET |
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| 31 May 2015 |
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2015 |
2014 |
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Notes |
£ |
£ |
£ |
£ |
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| FIXED ASSETS |
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| Intangible assets |
2 |
9,000 |
12,000 |
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| CURRENT ASSETS |
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| Stocks |
150 |
150 |
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| Debtors |
3,288 |
4,069 |
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| Cash at Bank |
4,997 |
3,636 |
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| 8,435 |
7,855 |
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| CURRENT LIABILITIES |
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| CREDITORS - Amounts falling |
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due within one year |
7,122 |
17,289 |
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| NET CURRENT ASSETS (LIABILITIES) |
1,313 |
(9,434 |
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| NET ASSETS |
10,313 |
2,566 |
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| CAPITAL AND RESERVES |
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| Called up share capital |
3 |
1 |
1 |
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| Profit and loss account |
10,312 |
2,565 |
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| SHAREHOLDERS' FUNDS |
10,313 |
2,566 |
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These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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For the financial year ended 31 May 2015, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
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The members have not required the company to obtain an audit.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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| Approved by the board on 13 May 2016. |
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) |
| ......................... |
) J Strom |
| Director |
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| 2 |
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| CAVENSTONE LIMITED |
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| NOTES TO THE ABBREVIATED ACCOUNTS |
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| FOR THE YEAR ENDED 31 MAY 2015 |
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| 1 |
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ACCOUNTING POLICIES |
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BASIS OF ACCOUNTING |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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INTANGIBLE FIXED ASSETS |
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Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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STOCKS |
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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PROVISIONS |
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Provisions are set up only where it is probable that a present obligation exists as a |
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result of an event prior to the balance sheet date and that a payment will be required |
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in settlement that can be estimated reliably. Where material, provisions are |
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calculated on a discount basis. |
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TURNOVER |
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Turnover represents net sales of goods and services provided, excluding Value Added Tax.
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| 2 |
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FIXED ASSETS |
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| Intangible |
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| assets |
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| £ |
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Cost or valuation |
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At 1 June 2014 |
15,000 |
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and 31 May 2015 |
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Depreciation |
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At 1 June 2014 |
3,000 |
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Charge for year |
3,000 |
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At 31 May 2015 |
6,000 |
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Net Book Values |
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At 31 May 2015 |
9,000 |
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At 1 June 2014 |
12,000 |
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