CFB (Midlands) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08437053 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

CFB (Midlands) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Mir

SECRETARY:

REGISTERED OFFICE:

617 Bordesley Green

Birmingham

West Midlands

B9 5XZ

REGISTERED NUMBER:

08437053 (England and Wales)

ACCOUNTANT:

M. F. Khan & Co

25 Parkdale Close

Erdington

Birmingham

B24 8JU

FIXED ASSETS

Intangible assets

2

6,300

7,200

Tangible assets

3

3,608

4,811

9,908

12,011

CURRENT ASSETS

Stocks

10,044

3,007

Debtors

428

440

Cash at bank and in hand

8,972

11,240

19,444

14,687

CREDITORS

Amounts falling due within one year

26,073

24,710

NET CURRENT LIABILITIES

(6,629

)

(10,023

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,279

1,988

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

3,179

1,888

SHAREHOLDERS' FUNDS

3,279

1,988

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 director acknowledges his 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 director on 9 November 2016 and were signed by:

A Mir - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

9,000

AMORTISATION

At 1 April 2015

1,800

Amortisation for year

900

At 31 March 2016

2,700

NET BOOK VALUE

At 31 March 2016

6,300

At 31 March 2015

7,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

8,553

DEPRECIATION

At 1 April 2015

3,742

Charge for year

1,203

At 31 March 2016

4,945

NET BOOK VALUE

At 31 March 2016

3,608

At 31 March 2015

4,811

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100