The Celtic Lands Design Company Limited - Period Ending 2016-05-31

Registration number: 3054042

The Celtic Lands Design Company Limited
 
  Unaudited Abbreviated Accounts
 
  Year Ended 31 May 2016
 

The Celtic Lands Design Company Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

The Celtic Lands Design Company Limited
(Registration number: 3054042 )
  Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					400			600
Current assets
Cash at bank and in hand					529			1,142
Creditors: Amounts falling due within one year					(450)			(450)
Net current assets					79			692
Total assets less current liabilities					479			1,292
Creditors: Amounts falling due after more than one year					(2,461)			(2,461)
Net liabilities					(1,982)			(1,169)
Capital and reserves
Called up share capital		3			2			2
Revaluation reserve					400			600
Profit and loss account					(2,384)			(1,771)
Shareholders' deficit					(1,982)			(1,169)

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

The Celtic Lands Design Company Limited
(Registration number: 3054042 )
  Abbreviated Balance Sheet at 31 May 2016
......... continued

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 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 .

These abbreviated accounts were approved by the Board and authorised for issue on 24 November 2016 and signed on its behalf by:

.........................................
Mr M J Price
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

The Celtic Lands Design Company Limited
Notes to the Abbreviated Accounts 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).

Going concern

The financial statements have been prepared on a going concern basis. This may not be appropriate as at the balance sheet date the company's liabilities exceeded its assets. This indicates that the company may not be able to continue trading without the continued financial support of its directors and creditors.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful ecnomic life of that asset as follows:

Asset class	Amortisation method and rate
Patents and licences	5 year straight line

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 3

The Celtic Lands Design Company Limited
Notes to the Abbreviated Accounts Year Ended 31 May 2016
......... continued

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 June 2015		1,000			1,000
At 31 May 2016		1,000			1,000
Depreciation
At 1 June 2015		400			400
Charge for the year		200			200
At 31 May 2016		600			600
Net book value
At 31 May 2016		400			400
At 31 May 2015		600			600

3	Share capital

Allotted, called up and fully paid shares

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

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