Cambrian Birds Limited - Period Ending 2016-02-28

Registration number: 09447377

Cambrian Birds Limited

Unaudited Abbreviated Accounts

for the Period from 19 February 2015 to 28 February 2016

 

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

Cambrian Birds Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cambrian Birds Limited
(Registration number: 09447377)
Abbreviated Balance Sheet
at 28 February 2016

		Note			28 February 2016 £
Fixed assets
Tangible fixed assets		2			231,001
Current assets
Debtors					34,004
Cash at bank and in hand					13,388
					47,392
Creditors: Amounts falling due within one year		3			(202,699)
Net current liabilities					(155,307)
Total assets less current liabilities					75,694
Creditors: Amounts falling due after more than one year		3			(21,700)
Provisions for liabilities					(9,933)
Net assets					44,061
Capital and reserves
Called up share capital		4			100
Profit and loss account					43,961
Shareholders' funds					44,061

For the period ended 28 February 2016 the company was entitled to exemption from audit 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 within Part 15 of the Companies Act 2006.

Approved by the Board and authorised for issue on 18 November 2016 and signed on its behalf by:

 A Pryce
 Company secretary and director

 G R Jackson
 Director

- 1 -

Cambrian Birds Limited
Notes to the Abbreviated Accounts
for the Period ended 28 February 2016

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible fixed assets and depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Motor vehicles	15% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

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.

- 2 -

Cambrian Birds Limited
Notes to the Abbreviated Accounts
for the Period ended 28 February 2016

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		271,766			271,766
At 28 February 2016		271,766			271,766
Depreciation
Charge for the period		40,765			40,765
At 28 February 2016		40,765			40,765
Net book value
At 28 February 2016		231,001			231,001

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		28 February 2016 £
Amounts falling due within one year		12,987
Amounts falling due after more than one year		21,700
Total secured creditors		34,687

4	Share capital

Allotted, called up and fully paid shares

	28 February 2016
		No.			£
Ordinary share class A of £1 each		50			50
Ordinary share class B of £1 each		50			50
		100			100

- 3 -