CAT_BALLOU_ORIGINALS_LIMI - Accounts

CAT BALLOU ORIGINALS LIMITED - Company Information

Print Friendly Version

Company Registration No. 01036832 (England and Wales)

CAT BALLOU ORIGINALS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

CAT BALLOU ORIGINALS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CAT BALLOU ORIGINALS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

294,631

298,755

Current assets

Stocks

99,532

89,733

Debtors

6,095

8,120

Cash at bank and in hand

158,390

249,707

264,017

347,560

Creditors: amounts falling due within one year

(263,822)

(295,302)

Net current assets

195

52,258

Total assets less current liabilities

294,826

351,013

Provisions for liabilities

(6,797)

(7,232)

288,029

343,781

Capital and reserves

Called up share capital

2,300

Revaluation reserve

255,000

Profit and loss account

30,729

86,481

Shareholders' funds

288,029

343,781

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 23 November 2016

Mr A. Kapur

Director

Company Registration No. 01036832

CAT BALLOU ORIGINALS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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 or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Improvements to property

20% on cost

Computer equipment

25% on cost

Fixtures and fittings

10% on reducing balance

Motor vehicles

25% on reducing balance

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

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.

CAT BALLOU ORIGINALS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2015

387,953

Additions

1,848

At 31 March 2016

389,801

Depreciation

At 1 April 2015

89,198

Charge for the year

5,972

At 31 March 2016

95,170

Net book value

At 31 March 2016

294,631

At 31 March 2015

298,755

Share capital

2016

2015

Allotted, called up and fully paid

1,380 Ordinary of £1 each

1,380

2,300

460 A Ordinary of £1 each

460

460 B Ordinary of £1 each

460

2,300