Abbreviated Company Accounts - CANULET LIMITED

Registered Number 04507641

CANULET LIMITED

Abbreviated Accounts

31 August 2015

CANULET LIMITED Registered Number 04507641

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	-	25,047
		-	25,047
Current assets
Stocks		-	25,000
Debtors		-	3,019
Cash at bank and in hand		92,023	87,813
		92,023	115,832
Creditors: amounts falling due within one year		(91,169)	(103,405)
Net current assets (liabilities)		854	12,427
Total assets less current liabilities		854	37,474
Total net assets (liabilities)		854	37,474
Capital and reserves
Called up share capital		2	2
Profit and loss account		852	37,472
Shareholders' funds		854	37,474

For the year ending 31 August 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 11 May 2016

And signed on their behalf by:
R C Woollacott, Director

CANULET LIMITED Registered Number 04507641

Notes to the Abbreviated Accounts for the period ended 31 August 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.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the clost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Other accounting policies
The company operates a directors account. The amount owed by the company to the director at the year end was £80,813.

2Tangible fixed assets

	£
Cost
At 1 September 2014	132,857
Additions	32,777
Disposals	(165,634)
Revaluations	-
Transfers	-
At 31 August 2015	0
Depreciation
At 1 September 2014	107,810
Charge for the year	6,042
On disposals	(113,852)
At 31 August 2015	0
Net book values
At 31 August 2015	0
At 31 August 2014	25,047