Convenience Distribution Group Limited - Period Ending 2015-12-31

Registration number: 03240027

Convenience Distribution Group Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Walker & Sutcliffe
Chartered Accountants
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN

Convenience Distribution Group Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Convenience Distribution Group Limited
(Registration number: 03240027)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					5,297			9,557
Current assets
Stocks					-			341
Debtors					254,510			163,716
Cash at bank and in hand					353,405			294,731
					607,915			458,788
Creditors: Amounts falling due within one year					(555,842)			(412,622)
Net current assets					52,073			46,166
Net assets					57,370			55,723
Capital and reserves
Called up share capital		3			11			12
Capital redemption reserve					1			-
Profit and loss account					57,358			55,711
Shareholders' funds					57,370			55,723

For the year ending 31 December 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 4 May 2016 and signed on its behalf by:

.........................................
Mr M H Storey
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Convenience Distribution Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% on cost
Office equipment	20% on cost

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

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Convenience Distribution Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		90,062			90,062
Additions		110			110
At 31 December 2015		90,172			90,172
Depreciation
At 1 January 2015		80,505			80,505
Charge for the year		4,370			4,370
At 31 December 2015		84,875			84,875
Net book value
At 31 December 2015		5,297			5,297
At 31 December 2014		9,557			9,557

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		11			11			12			12

4

Control

The company is controlled by no one individual.

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