Cornwall Energy Associates Limited - Abbreviated accounts 16.1
Cornwall Energy Associates Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| CORNWALL ENERGY ASSOCIATES LIMITED |
| CORNWALL ENERGY ASSOCIATES LIMITED (REGISTERED NUMBER: 05379768) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| CORNWALL ENERGY ASSOCIATES LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 March 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| CORNWALL ENERGY ASSOCIATES LIMITED (REGISTERED NUMBER: 05379768) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| CORNWALL ENERGY ASSOCIATES LIMITED (REGISTERED NUMBER: 05379768) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 March 2016 |
| The financial statements were approved by the Board of Directors on behalf by: |
| CORNWALL ENERGY ASSOCIATES LIMITED (REGISTERED NUMBER: 05379768) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements 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 the amount receivable for the provision of goods and services, excluding value |
| added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which they |
| relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| CORNWALL ENERGY ASSOCIATES LIMITED (REGISTERED NUMBER: 05379768) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 March 2016 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
Number: | Class: | Nomina l | 2016 | 2015 |
| Value: | £ | £ |
4,949 | Ordinary A | 2p | 99 | 103 |
| (31.03.2015 - 5,140) |
260 | Ordinary B | 2p | 5 | 3 |
| (31.03.2015 - 140) |
24 | Ordinary C | 2p | 1 | - |
| 105 | 106 |
| The following shares were issued during the year: |
| 115 A Ordinary shares of 2p for cash of £34,500 |
| 140 B Ordinary shares of 2p for cash of £2,170 |
| 29 C Ordinary shares of 2p for cash of £10,150 |
| On 27 August 2015 140 Ordinary B Shares of £0.02 each were issued. These were issued at a |
| premium of £15.50 per share. |
| On 4 September 2015, 29 Ordinary C shares of £0.02 each were issued. These were issued at a |
| premium of £350.00 per share. |
| On 17 November 2015, 115 Ordinary A shares of £0.02 each were issued. These were issued at a |
| premium of £300.00 per share. |
| On 26 June 2015, the company repurchased 301 A Ordinary £0.02 shares at a value of £405.00 per |
| share. |
| On 29 February 2015, the company repurchased 5 A Ordinary £0.02 shares at a value of £405.00 per |
| share, 20 B Ordinary £0.02 shares at a value of £15.50 per share and 5 C Ordinary £0.02 shares at a |
| value of £350.00 per share. The nominal value of own shares held is £1.00. |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
| 31 March 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| 6. | ULTIMATE CONTROLLING PARTY |
| There is no ultimate controlling party. |