CSK Ceilings Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC396084 (Scotland)

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2016

for

CSK Ceilings Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Keenan

Mrs D M Keenan

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC396084 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Intangible assets

2

-

2,000

Tangible assets

3

5,052

5,829

5,052

7,829

CURRENT ASSETS

Stocks

6,978

20,040

Debtors

68,274

109,383

Cash at bank

160,154

61,375

235,406

190,798

CREDITORS

Amounts falling due within one year

70,814

71,895

NET CURRENT ASSETS

164,592

118,903

TOTAL ASSETS LESS CURRENT
LIABILITIES

169,644

126,732

PROVISIONS FOR LIABILITIES

1,010

1,166

NET ASSETS

168,634

125,566

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

168,632

125,564

SHAREHOLDERS' FUNDS

168,634

125,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 November 2016 and were signed on its behalf by:

C Keenan - 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 services. excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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 reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,000

AMORTISATION

At 1 April 2015

8,000

Amortisation for year

2,000

At 31 March 2016

10,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

2,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

13,854

Additions

968

At 31 March 2016

14,822

DEPRECIATION

At 1 April 2015

8,025

Charge for year

1,745

At 31 March 2016

9,770

NET BOOK VALUE

At 31 March 2016

5,052

At 31 March 2015

5,829

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary Shares

1

2