Cardens Limited - Period Ending 2016-03-31

Registration number: 04347771

Cardens Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

G W Jones & Co Limited
Chartered Certified Accountants

Cardens Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cardens Limited
(Registration number: 04347771)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					4,133			3,271
Current assets
Debtors					10,100			11,018
Cash at bank and in hand					38,019			66,798
					48,119			77,816
Creditors: Amounts falling due within one year					(37,978)			(58,087)
Net current assets					10,141			19,729
Total assets less current liabilities					14,274			23,000
Provisions for liabilities					(827)			(655)
Net assets					13,447			22,345
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					12,447			21,345
Shareholders' funds					13,447			22,345

For the year ending 31 March 2016 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 director acknowledges her 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 director on 6 July 2016

.........................................
Mrs H J Carden
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Cardens Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Computer equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Cardens Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		34,018			34,018
Additions		1,891			1,891
At 31 March 2016		35,909			35,909
Depreciation
At 1 April 2015		30,747			30,747
Charge for the year		1,029			1,029
At 31 March 2016		31,776			31,776
Net book value
At 31 March 2016		4,133			4,133
At 31 March 2015		3,271			3,271

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 3