Coltraco Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02955021 (England and Wales)

Coltraco Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C S P Hunter

Mrs D Hunter

E C Hunter

SECRETARY:

Mrs D Hunter

REGISTERED OFFICE:

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

REGISTERED NUMBER:

02955021 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

CURRENT ASSETS

Stocks

1,265

Debtors

147,032

46,952

Cash at bank

50,037

58,857

198,334

107,074

CREDITORS

Amounts falling due within one year

98,395

29,686

NET CURRENT ASSETS

99,939

77,388

TOTAL ASSETS LESS CURRENT
LIABILITIES

99,939

77,388

CAPITAL AND RESERVES

Called up share capital

3

4

3

Profit and loss account

99,935

77,385

SHAREHOLDERS' FUNDS

99,939

77,388

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 6 April 2016 and were signed on its behalf by:

Mrs D Hunter - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

9,760

DEPRECIATION

At 1 January 2015

and 31 December 2015

9,760

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

4

Ordinary

1

4

3

(2014 - 3 )

1 Ordinary share of 1 was issued during the year for cash of £ 1 .