Abbreviated Company Accounts - CELTIC CONSTRUCTION (CORNWALL) LIMITED

CELTIC CONSTRUCTION (CORNWALL) LIMITED - Company Information

Registered Number 03234057

CELTIC CONSTRUCTION (CORNWALL) LIMITED

Abbreviated Accounts

31 August 2014

CELTIC CONSTRUCTION (CORNWALL) LIMITED Registered Number 03234057

Abbreviated Balance Sheet as at 31 August 2014

	Notes	31/08/2014	31/12/2013
		£	£
Fixed assets
Tangible assets	2	81,475	82,250
		81,475	82,250
Current assets
Stocks		84,236	52,423
Debtors		65,270	52,182
Cash at bank and in hand		60,349	36,679
		209,855	141,284
Creditors: amounts falling due within one year		(214,001)	(189,290)
Net current assets (liabilities)		(4,146)	(48,006)
Total assets less current liabilities		77,329	34,244
Creditors: amounts falling due after more than one year		(25,298)	(22,983)
Total net assets (liabilities)		52,031	11,261
Capital and reserves
Called up share capital		8	8
Other reserves		6	6
Profit and loss account		52,017	11,247
Shareholders' funds		52,031	11,261

For the year ending 31 August 2014 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 29 September 2014

And signed on their behalf by:
Mr AG Berry, Director

CELTIC CONSTRUCTION (CORNWALL) LIMITED Registered Number 03234057

Notes to the Abbreviated Accounts for the period ended 31 August 2014

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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 10% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 15% reducing balance

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 January 2014	145,658
Additions	22,000
Disposals	(19,000)
Revaluations	-
Transfers	-
At 31 August 2014	148,658
Depreciation
At 1 January 2014	63,408
Charge for the year	6,625
On disposals	(2,850)
At 31 August 2014	67,183
Net book values
At 31 August 2014	81,475
At 31 December 2013	82,250