CONTROL_APPLICATIONS_LIMI - Accounts

CONTROL APPLICATIONS LIMITED - Company Information

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Company Registration No. 03077459 (England and Wales)

CONTROL APPLICATIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

CONTROL APPLICATIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CONTROL APPLICATIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

36,104

32,780

Current assets

Stocks

21,925

30,094

Debtors

139,752

124,892

Cash at bank and in hand

30,700

48,908

192,377

203,894

Creditors: amounts falling due within one year

(99,155)

(90,946)

Net current assets

93,222

112,948

Total assets less current liabilities

129,326

145,728

Provisions for liabilities

(6,876)

(6,136)

122,450

139,592

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

122,420

139,562

Shareholders' funds

122,450

139,592

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 November 2016

Mr A D Brooks

Mr H L Green

Director

Company Registration No. 03077459

CONTROL APPLICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.3

Tangible fixed assets and depreciation

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

Land and buildings Leasehold

15% pa - straight line

Fixtures, fittings & equipment

Computers 30%pa - reducing balance. Others 15%pa - reducing balance

Motor vehicles

20% - reducing balance

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

CONTROL APPLICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2015

99,088

Additions

10,395

Disposals

(5,151)

At 31 July 2016

104,332

Depreciation

At 1 August 2015

66,308

On disposals

(4,074)

Charge for the year

5,994

At 31 July 2016

68,228

Net book value

At 31 July 2016

36,104

At 31 July 2015

32,780

Share capital

2016

2015

Allotted, called up and fully paid

20 Ordinary shares of £1 each

Ultimate parent company

The company is under the control of A D Brooks, J Brooks and H L Green by virtue of their share holdings in the parent company CAL Holdings Limited.