Abbreviated Company Accounts - CAMBRIDGE PUBLISHING LTD.

CAMBRIDGE PUBLISHING LTD. - Company Information

Registered Number 01499867

CAMBRIDGE PUBLISHING LTD.

Abbreviated Accounts

30 November 2015

CAMBRIDGE PUBLISHING LTD. Registered Number 01499867

Abbreviated Balance Sheet as at 30 November 2015

	2015	2014
	£	£
Current assets
Stocks	354	354
Debtors	60	-
Cash at bank and in hand	10,766	526
	11,180	880
Creditors: amounts falling due within one year	(37,221)	(33,504)
Net current assets (liabilities)	(26,041)	(32,624)
Total assets less current liabilities	(26,041)	(32,624)
Total net assets (liabilities)	(26,041)	(32,624)
Capital and reserves
Called up share capital	100	100
Profit and loss account	(26,141)	(32,724)
Shareholders' funds	(26,041)	(32,624)

For the year ending 30 November 2015 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 directors acknowledge their 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 Board on 18 August 2016

And signed on their behalf by:
Mr J O'Beirne-Ranelagh, Director

CAMBRIDGE PUBLISHING LTD. Registered Number 01499867

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 33% and 20% straight line

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

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Going concern
At the end of the accounting period, the company was insolvent with net liabilities of £32,724 (2014 £32,724). The accounts have been prepared on a going concern basis due to the continuing support of the director.