Abbreviated Company Accounts - CONCEPT FURNITURE CONTRACTS LIMITED

Abbreviated Company Accounts - CONCEPT FURNITURE CONTRACTS LIMITED


Registered Number 02380660

CONCEPT FURNITURE CONTRACTS LIMITED

Abbreviated Accounts

31 August 2015

CONCEPT FURNITURE CONTRACTS LIMITED Registered Number 02380660

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 12,255 2,236
12,255 2,236
Current assets
Stocks 9,775 14,250
Debtors 11,549 12,859
21,324 27,109
Creditors: amounts falling due within one year (47,074) (61,616)
Net current assets (liabilities) (25,750) (34,507)
Total assets less current liabilities (13,495) (32,271)
Total net assets (liabilities) (13,495) (32,271)
Capital and reserves
Called up share capital 2 2
Profit and loss account (13,497) (32,273)
Shareholders' funds (13,495) (32,271)
  • 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 25 May 2016

And signed on their behalf by:
C D METCALF, Director

CONCEPT FURNITURE CONTRACTS LIMITED Registered Number 02380660

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on the going concern basis.The director considers the going concern basis to be appropriate as he has confirmed his ongoing support of the company.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% reducing balance
Motor Vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 September 2014 9,390
Additions 15,150
Disposals (5,000)
Revaluations -
Transfers -
At 31 August 2015 19,540
Depreciation
At 1 September 2014 7,154
Charge for the year 3,945
On disposals (3,814)
At 31 August 2015 7,285
Net book values
At 31 August 2015 12,255
At 31 August 2014 2,236