CENTRAL_COMMUNICATION_PRO - Accounts

CENTRAL COMMUNICATION PRODUCTS LIMITED - Company Information

Print Friendly Version

Company Registration No. 02995105 (England and Wales)

CENTRAL COMMUNICATION PRODUCTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

CENTRAL COMMUNICATION PRODUCTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

CENTRAL COMMUNICATION PRODUCTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

505,407

656,435

Current assets

Stocks

10,000

5,000

Debtors

2,225,797

1,895,269

Cash at bank and in hand

756,776

655,503

2,992,573

2,555,772

Creditors: amounts falling due within one year

(513,201)

(1,090,791)

Net current assets

2,479,372

1,464,981

Total assets less current liabilities

2,984,779

2,121,416

Creditors: amounts falling due after more than one year

(45,031)

(65,390)

Provisions for liabilities

(35,179)

(40,654)

2,904,569

2,015,372

Capital and reserves

Called up share capital

1,000

Profit and loss account

2,903,569

2,014,372

Shareholders' funds

2,904,569

2,015,372

CENTRAL COMMUNICATION PRODUCTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2016

- 2 -

For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 June 2016

Mr K. Spencer

Director

Company Registration No. 02995105

CENTRAL COMMUNICATION PRODUCTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Nil

Fixtures, fittings & equipment

20% Reducing balance

Motor vehicles

25% Reducing balance

1.5

Leasing and hire purchase commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

CENTRAL COMMUNICATION PRODUCTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 February 2015

713,268

Additions

23,150

Revaluation

(123,442)

Disposals

(5,600)

At 31 January 2016

607,376

Depreciation

At 1 February 2015

56,832

On disposals

(2,450)

Charge for the year

47,587

At 31 January 2016

101,969

Net book value

At 31 January 2016

505,407

At 31 January 2015

656,435

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £56,851 (2015 - £80,890).

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

Ultimate parent company

The ultimate controlling party is the director K. Spencer, and the Company Secretary C.E. Spencer.

CENTRAL COMMUNICATION PRODUCTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 5 -

Related party relationships and transactions

Advances and credits to directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

K. Spencer

60,703