Abbreviated Company Accounts - COURTWAY LIMITED

Registered Number SC158582

COURTWAY LIMITED

Abbreviated Accounts

31 December 2015

COURTWAY LIMITED Registered Number SC158582

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	4,618	4,618
Tangible assets	3	23,651	26,866
		28,269	31,484
Current assets
Stocks		83,200	100,155
Debtors		247	6,198
Cash at bank and in hand		1,053	11
		84,500	106,364
Creditors: amounts falling due within one year		(111,757)	(128,604)
Net current assets (liabilities)		(27,257)	(22,240)
Total assets less current liabilities		1,012	9,244
Total net assets (liabilities)		1,012	9,244
Capital and reserves
Called up share capital		4	4
Profit and loss account		1,008	9,240
Shareholders' funds		1,012	9,244

For the year ending 31 December 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:
a moore, Director

COURTWAY LIMITED Registered Number SC158582

Notes to the Abbreviated Accounts for the period ended 31 December 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.

Turnover policy
Turnover comprises the value of sales, excluding VAT and similar taxes and trade discounts, of goods and services in the normal course of business

Tangible assets depreciation policy
Fixed assets are shown at historical cost
Depreciation is provided, after taking account of any grants receivable, at the following annual rates to write off each asset over its estimated useful life:
Fixtures & fittings reducing balance 15%
Plant & Machinery reducing balance 15%

2Intangible fixed assets

	£
Cost
At 1 January 2015	4,618
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	4,618
Amortisation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	4,618
At 31 December 2014	4,618

3Tangible fixed assets

	£
Cost
At 1 January 2015	142,312
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	142,312
Depreciation
At 1 January 2015	115,446
Charge for the year	3,215
On disposals	-
At 31 December 2015	118,661
Net book values
At 31 December 2015	23,651
At 31 December 2014	26,866