Company Registration No. 08202883 (England and Wales)
CARVALHAL LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
CARVALHAL LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CARVALHAL LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
295
617
Current assets
Debtors
34,220
38,899
Cash at bank and in hand
1,886
818
36,106
39,717
Creditors: amounts falling due within one year
(11,421)
(11,408)
Net current assets
24,685
28,309
Total assets less current liabilities
24,980
28,926
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
24,880
28,826
Shareholders' funds
24,980
28,926
For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 15 July 2016
Mr J F Esteves Cabedal Mateus Carvalhal
Director
Company Registration No. 08202883
CARVALHAL LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 2 -
1
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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Fixtures, fittings & equipment
Straight line over 3 years
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014
1,036
Additions
35
At 30 September 2015
1,071
Depreciation
At 1 October 2014
419
Charge for the year
357
At 30 September 2015
776
Net book value
At 30 September 2015
295
At 30 September 2014
617
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
CARVALHAL LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
4
Related party relationships and transactions
Advances and credits
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr J F Esetves Cabedal Meteus Carvalhal
3.15
20,143
30,498
501
(33,864)
17,278
Mrs S M Da Silva Magalhaes Carvalhal
3.15
13,428
20,333
334
(22,576)
11,519
33,571
50,831
835
(56,440)
28,797
The company provided loans to the directors during the period. Withdrawals were made to finance the directors personal liabilities and living costs. Amounts repaid included dividends and salary not drawn.
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