A_CULMER_FIXING_SERVICE_L - Accounts

A CULMER FIXING SERVICE LIMITED - Company Information

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Company Registration No. 02151662 (England and Wales)

A CULMER FIXING SERVICE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

A CULMER FIXING SERVICE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

A CULMER FIXING SERVICE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

31,664

34,888

Current assets

Stocks

4,200

5,851

Debtors

548,782

684,537

Cash at bank and in hand

68,690

498,234

621,672

1,188,622

Creditors: amounts falling due within one year

(537,104)

(714,267)

Net current assets

84,568

474,355

Total assets less current liabilities

116,232

509,243

Provisions for liabilities

(39,000)

(4,300)

77,232

504,943

Capital and reserves

Called up share capital

100

Profit and loss account

77,132

504,843

Shareholders' funds

77,232

504,943

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 May 2016

A P Culmer

Director

Company Registration No. 02151662

A CULMER FIXING SERVICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the invoiced value, net of value added tax, of goods sold and services provided to customers.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% straight line

Motor vehicles

25% reducing balance

1.5

Leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

1.6

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7

Pensions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

A CULMER FIXING SERVICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

109,811

Additions

12,146

Disposals

(4,995)

At 31 December 2015

116,962

Depreciation

At 1 January 2015

74,923

On disposals

(4,439)

Charge for the year

14,814

At 31 December 2015

85,298

Net book value

At 31 December 2015

31,664

At 31 December 2014

34,888

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100