Abbreviated Company Accounts - COLLO LIMITED

Registered Number 06056854

COLLO LIMITED

Abbreviated Accounts

31 January 2016

COLLO LIMITED Registered Number 06056854

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	364	443
		364	443
Current assets
Stocks		6,000	8,900
Debtors		-	5,463
Cash at bank and in hand		1,887	1,555
		7,887	15,918
Creditors: amounts falling due within one year		(7,641)	(15,758)
Net current assets (liabilities)		246	160
Total assets less current liabilities		610	603
Accruals and deferred income		(600)	(600)
Total net assets (liabilities)		10	3
Capital and reserves
Called up share capital		2	2
Profit and loss account		8	1
Shareholders' funds		10	3

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 26 October 2016

And signed on their behalf by:
HABIB ALTUN, Director

COLLO LIMITED Registered Number 06056854

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 total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Tangible assets depreciation policy
Depreciation is provided at rates calculated at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

FF and Equipment - 18% reducing balance method

2Tangible fixed assets

	£
Cost
At 1 February 2015	2,932
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	2,932
Depreciation
At 1 February 2015	2,489
Charge for the year	79
On disposals	-
At 31 January 2016	2,568
Net book values
At 31 January 2016	364
At 31 January 2015	443