Abbreviated Company Accounts - CAD & GAUGING SERVICES LIMITED

CAD & GAUGING SERVICES LIMITED - Company Information

Registered Number 06470028

CAD & GAUGING SERVICES LIMITED

Abbreviated Accounts

31 January 2016

CAD & GAUGING SERVICES LIMITED Registered Number 06470028

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,348	2,449
		2,348	2,449
Current assets
Debtors		17,794	38,798
Cash at bank and in hand		32,108	14,430
		49,902	53,228
Creditors: amounts falling due within one year		(14,950)	(11,913)
Net current assets (liabilities)		34,952	41,315
Total assets less current liabilities		37,300	43,764
Accruals and deferred income		(500)	(475)
Total net assets (liabilities)		36,800	43,289
Capital and reserves
Called up share capital		10	10
Profit and loss account		36,790	43,279
Shareholders' funds		36,800	43,289

For the year ending 31 January 2016 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 5 October 2016

And signed on their behalf by:
Mr Steven Smith, Director

CAD & GAUGING SERVICES LIMITED Registered Number 06470028

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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
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 it's estimated residual over the useful economic life of that asset as follows :
Computer Equipment - 20% reducing balance
Office Equipment - 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 February 2015	5,108
Additions	486
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	5,594
Depreciation
At 1 February 2015	2,659
Charge for the year	587
On disposals	-
At 31 January 2016	3,246
Net book values
At 31 January 2016	2,348
At 31 January 2015	2,449