Cartref Developments Limited - Period Ending 2016-05-31

Registration number: 06241993

Cartref Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Cartref Developments Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cartref Developments Limited
(Registration number: 06241993)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					-			2
Current assets
Stocks					269,994			266,746
Debtors					114			-
					270,108			266,746
Creditors: Amounts falling due within one year					(332,027)			(312,495)
Net current liabilities					(61,919)			(45,749)
Total assets less current liabilities					(61,919)			(45,747)
Creditors: Amounts falling due after more than one year					(37,588)			(51,196)
Net liabilities					(99,507)			(96,943)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(99,509)			(96,945)
Shareholders' deficit					(99,507)			(96,943)

For the year ending 31 May 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 director acknowledges his 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 director on 4 November 2016

.........................................
Mr Mark Andrews
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Cartref Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Depreciation

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

Asset class	Depreciation method and rate
Plant and Machinery etc	20% on cost

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Cartref Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		1,730			1,730
Disposals		(1,730)			(1,730)
At 31 May 2016		-			-
Depreciation
At 1 June 2015		1,728			1,728
Eliminated on disposals		(1,728)			(1,728)
At 31 May 2016		-			-
Net book value
At 31 May 2016		-			-
At 31 May 2015		2			2

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 3