Cundalls (Yorkshire) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07330895 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

CUNDALLS (YORKSHIRE) LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Intangible assets

2

-

25,189

Tangible assets

3

31,953

40,799

Investments

4

7,500

30,625

39,453

96,613

CURRENT ASSETS

Debtors

182,534

137,866

Investments

215,511

177,477

Cash at bank and in hand

25,570

243

423,615

315,586

CREDITORS

Amounts falling due within one year

300,260

308,315

NET CURRENT ASSETS

123,355

7,271

TOTAL ASSETS LESS CURRENT
LIABILITIES

162,808

103,884

PROVISIONS FOR LIABILITIES

6,391

8,160

NET ASSETS

156,417

95,724

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

156,317

95,624

SHAREHOLDERS' FUNDS

156,417

95,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 July 2016 and were signed on its behalf by:

D T Watson - 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 services supplied, excluding value added tax. Revenue is recognised to the extent that the company has

obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

The general principle is that deferred tax is recognised as a liability or asset if the transactions or events that give an

obligation to pay more tax in future or a right to pay less tax in future have occurred by the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

151,262

AMORTISATION

At 1 November 2014

126,073

Amortisation for year

25,189

At 31 October 2015

151,262

NET BOOK VALUE

At 31 October 2015

-

At 31 October 2014

25,189

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

75,768

Additions

5,262

At 31 October 2015

81,030

DEPRECIATION

At 1 November 2014

34,969

Charge for year

14,108

At 31 October 2015

49,077

NET BOOK VALUE

At 31 October 2015

31,953

At 31 October 2014

40,799

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2014

30,625

Additions

2,000

Disposals

(25,125

)

At 31 October 2015

7,500

NET BOOK VALUE

At 31 October 2015

7,500

At 31 October 2014

30,625

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Cundalls RFAS Limited

Nature of business: Administrative services

%

Class of shares:

holding

Ordinary A

60.00

2015

2014

£

Aggregate capital and reserves

42,041

38,905

Profit for the year

3,136

14,541

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

A ordinary

£1

100

6.	ULTIMATE PARENT COMPANY

The ultimate holding company is Wolds Way Caravan and Camping Limited.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2015 and 31 October 2014:

2015

2014

£

T K Watson

Balance outstanding at start of year

-

Amounts advanced

24,665

-

Amounts repaid

(24,665

)

-

Balance outstanding at end of year

-

Interest has been charged to the director at normal commercial rates whilst overdrawn.