Classic Carp Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09168223 (England and Wales)

CLASSIC CARP LIMITED

Abbreviated Unaudited Accounts

for the Period

8 August 2014 to 31 August 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

O T M Browne

A J Silvester

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

09168223 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

2

101,144

CURRENT ASSETS

Stocks

21,240

Debtors

17,860

Cash at bank

14,507

53,607

CREDITORS

Amounts falling due within one year

49,583

NET CURRENT ASSETS

4,024

TOTAL ASSETS LESS CURRENT LIABILITIES

105,168

CREDITORS

Amounts falling due after more than one year

120,000

NET LIABILITIES

(14,832

)

CAPITAL AND RESERVES

Called up share capital

3

1,900

Profit and loss account

(16,732

)

SHAREHOLDERS' FUNDS

(14,832

)

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

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

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.

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 Board of Directors on 24 June 2016 and were signed on its behalf by:

O T M Browne - 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 for the period of services, 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.

Land

-

Nil

Plant and machinery etc

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

101,394

At 31 August 2015

101,394

DEPRECIATION

Charge for period

250

At 31 August 2015

250

NET BOOK VALUE

At 31 August 2015

101,144

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

A Ordinary

£1

1,000

900

B Ordinary

£1

900

1,900

The following shares were issued during the period for cash at par :

1,000 A Ordinary shares of £1

900 B Ordinary shares of £1

4.	PRE-TRADING EXPENDITURE

The following pre-trading expenses are included in the profit and loss figures:

Rent

£2,000

Licences and insurance

£5,797

Repairs and renewals

£15,995

Legal and professional

£687

Interest

£20,347

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two 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 Classic Carp Limited for the period ended 31 August 2015 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 Board of Directors of Classic Carp Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Classic Carp Limited and state those matters that we have agreed to state to the Board of Directors of Classic Carp Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Classic Carp 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 loss of Classic Carp Limited. You consider that Classic Carp Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Classic Carp 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.

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

27 June 2016