Abbreviated Company Accounts - CKS PERFORMANCE LIMITED

CKS PERFORMANCE LIMITED - Company Information

Registered Number 04577745

CKS PERFORMANCE LIMITED

Abbreviated Accounts

31 October 2015

CKS PERFORMANCE LIMITED Registered Number 04577745

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	42,391	48,710
		42,391	48,710
Current assets
Stocks		21,479	20,355
Cash at bank and in hand		230,726	194,890
		252,205	215,245
Creditors: amounts falling due within one year		(261,266)	(246,813)
Net current assets (liabilities)		(9,061)	(31,568)
Total assets less current liabilities		33,330	17,142
Total net assets (liabilities)		33,330	17,142
Capital and reserves
Called up share capital		2	2
Profit and loss account		33,328	17,140
Shareholders' funds		33,330	17,142

For the year ending 31 October 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 30 September 2016

And signed on their behalf by:
Mr C Sharma, Director

CKS PERFORMANCE LIMITED Registered Number 04577745

Notes to the Abbreviated Accounts for the period ended 31 October 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 April 2008.

Cash flow statement

The director has taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property - equal over the term of the lease
Fixtures & Fittings - 20% on straight line basis
Motor Vehicles - 20% on straight line basis
Equipment - 20% on straight line basis

Valuation information and policy
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 November 2014	129,639
Additions	4,279
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	133,918
Depreciation
At 1 November 2014	80,929
Charge for the year	10,598
On disposals	-
At 31 October 2015	91,527
Net book values
At 31 October 2015	42,391
At 31 October 2014	48,710