Clover Leadworks Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04483615 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2016

for

CLOVER LEADWORKS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S B Hoare

D Reed

SECRETARY:

G N Pusey

REGISTERED OFFICE:

Jasmine

Speen Road

North Dean

High Wycombe

Buckinghamshire

HP14 4NH

REGISTERED NUMBER:

04483615 (England and Wales)

ACCOUNTANTS:

Quantulus Limited

Accountants & Business Advisors

Spen Cottage

Coombe Lane

Hughenden Valley

Buckinghamshire

HP14 4NX

FIXED ASSETS

Tangible assets

2

16,828

19,798

CURRENT ASSETS

Debtors

34,961

18,638

Cash in hand

-

166

34,961

18,804

CREDITORS

Amounts falling due within one year

51,662

35,106

NET CURRENT LIABILITIES

(16,701

)

(16,302

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

127

3,496

CREDITORS

Amounts falling due after more than one
year

-

3,379

NET ASSETS

127

117

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

27

17

SHAREHOLDERS' FUNDS

127

117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 17th October 2016 and were signed on its behalf
by:

S B Hoare - 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.

Plant and machinery etc

-

15% on reducing balance

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 1st October 2015

and 30th September 2016

25,827

DEPRECIATION

At 1st October 2015

6,029

Charge for year

2,970

At 30th September 2016

8,999

NET BOOK VALUE

At 30th September 2016

16,828

At 30th September 2015

19,798

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary shares

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2016 and

30th September 2015:

2016

2015

£

S B Hoare

Balance outstanding at start of year

5,456

-

Amounts advanced

-

10,000

Amounts repaid

(5,456

)

(4,544

)

Balance outstanding at end of year

-