CW Partitions & Floors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06743009 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2015

for

CW Partitions & Floors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A Clark

A P A Clark

SECRETARY:

A P A Clark

REGISTERED OFFICE:

54 Hutton Close

Crowther Industrial Estate

Washington

Tyne and Wear

NE38 0AH

REGISTERED NUMBER:

06743009 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Tangible assets

2

733

977

CURRENT ASSETS

Stocks

2,000

Debtors

98,050

103,383

Cash at bank and in hand

4,705

1,750

104,755

107,133

CREDITORS

Amounts falling due within one year

100,454

96,368

NET CURRENT ASSETS

4,301

10,765

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,034

11,742

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

4,934

11,642

SHAREHOLDERS' FUNDS

5,034

11,742

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 July 2016 and were signed on its behalf by:

P A Clark - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on the going concern basis which assumes that the company will continue in operational

existence for the foreseeable future, which the directors consider appropriate.

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).

Exemption from preparing a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the

requirement to prepare such a statement under Financial Reporting Standard 1 Cash flow statements and Financial Reporting

Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the net invoiced value of sales made during the year, 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.

Motor vehicles

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable

value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or

damaged stock where the net realisable value is less than cost.

Deferred tax

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

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis fo all available evidence, it

can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which

the timing differences are expected to reverse, based on the tax rates and laws which have been enacted or substantively

enacted by the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

4,656

DEPRECIATION

At 1 November 2014

3,679

Charge for year

244

At 31 October 2015

3,923

NET BOOK VALUE

At 31 October 2015

733

At 31 October 2014

977

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

4.

CONTROL

The controlling party is A P A Clark and P A Clark.