Coleman Longbreck Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02660313 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2015

for

Coleman Longbreck Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs A Coleman

SECRETARY:

Miss H V Coleman

REGISTERED OFFICE:

Meadow View

21A Mildenhall Road

Barton Mills

Bury St Edmunds

Suffolk

IP28 6BD

REGISTERED NUMBER:

02660313 (England and Wales)

ACCOUNTANTS:

Passmore Weeks and Richardson

Chartered Accountants

2 Beacon End Courtyard

London Road

Stanway

Colchester

Essex

CO3 0NU

FIXED ASSETS

Tangible assets

2

2,260,504

2,262,306

CURRENT ASSETS

Stocks

8,984

-

Debtors

34,475

34,506

Cash at bank

81,760

124,997

125,219

159,503

CREDITORS

Amounts falling due within one year

674,539

697,615

NET CURRENT LIABILITIES

(549,320

)

(538,112

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,711,184

1,724,194

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

491,913

491,913

Profit and loss account

1,219,171

1,232,181

SHAREHOLDERS' FUNDS

1,711,184

1,724,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 June 2016 and were signed by:

Mrs A Coleman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain

assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value, net of value added tax and discounts, of rents receivable and work carried out in respect of

services provided to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

16.7% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 November 2014

and 31 October 2015

2,283,962

DEPRECIATION

At 1 November 2014

21,656

Charge for year

1,802

At 31 October 2015

23,458

NET BOOK VALUE

At 31 October 2015

2,260,504

At 31 October 2014

2,262,306

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES