CFB_(SERVICES)_LIMITED - Accounts

CFB (SERVICES) LIMITED - Company Information

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Company Registration No. 07155274 (England and Wales)

CFB (SERVICES) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

CFB (SERVICES) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CFB (SERVICES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,641

2,186

Current assets

Debtors

19,536

18,709

Investments

74,750

25,000

Cash at bank and in hand

152,272

158,324

246,558

202,033

Creditors: amounts falling due within one year

(60,981)

(140,152)

Net current assets

185,577

61,881

Total assets less current liabilities

187,218

64,067

Creditors: amounts falling due after more than one year

(100,000)

87,218

64,067

Capital and reserves

Called up share capital

Profit and loss account

87,217

64,066

Shareholder's funds

87,218

64,067

For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 25 November 2016

Mr C F Bermingham

Director

Company Registration No. 07155274

CFB (SERVICES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 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).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

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:

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CFB (SERVICES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 March 2015 & at 29 February 2016

6,438

Depreciation

At 1 March 2015

4,250

Charge for the year

547

At 29 February 2016

4,797

Net book value

At 29 February 2016

1,641

At 28 February 2015

2,186

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each