Construction Fastener Techniques Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01972717 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

CONSTRUCTION FASTENER TECHNIQUES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

W A Brown

SECRETARY:

Mrs C A Brown

REGISTERED OFFICE:

C.F.T. House

Mill Race Lane

Stourbridge

West Midlands

DY8 1JN

REGISTERED NUMBER:

01972717 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Construction Fastener Techniques Limited for the year ended 31 March 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to

its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Construction Fastener Techniques Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Construction

Fastener Techniques Limited and state those matters that we have agreed to state to the director of Construction

Fastener Techniques Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

director for our work or for this report.

It is your duty to ensure that Construction Fastener Techniques Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit

of Construction Fastener Techniques Limited. You consider that Construction Fastener Techniques Limited is exempt

from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Construction Fastener

Techniques Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

8 September 2014

FIXED ASSETS

Tangible assets

2

30,405

30,123

Investments

3

41,200

41,200

71,605

71,323

CURRENT ASSETS

Stocks

657,909

792,029

Debtors

1,420,758

1,223,293

Cash at bank and in hand

468,510

166,654

2,547,177

2,181,976

CREDITORS

Amounts falling due within one year

2,448,002

2,121,652

NET CURRENT ASSETS

99,175

60,324

TOTAL ASSETS LESS CURRENT LIABILITIES

170,780

131,647

PROVISIONS FOR LIABILITIES

4,382

3,953

NET ASSETS

166,398

127,694

CAPITAL AND RESERVES

Called up share capital

4

30,000

30,000

Profit and loss account

136,398

97,694

SHAREHOLDERS' FUNDS

166,398

127,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 8 September 2014 and were signed by:

W A Brown - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 2013

89,131

Additions

13,564

Disposals

(4,500

)

At 31 March 2014

98,195

DEPRECIATION

At 1 April 2013

59,008

Charge for year

10,207

Eliminated on disposal

(1,425

)

At 31 March 2014

67,790

NET BOOK VALUE

At 31 March 2014

30,405

At 31 March 2013

30,123

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2014

2013

£

£

Property share

41,200

41,200

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

30,000

Ordinary shares

£1

30,000

30,000