Canons Association Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01903301 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

CANONS ASSOCIATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs I Phillips

B Clipstone

J W Benn Jnr

D Cox

Mrs S Homan

SECRETARY:

Mrs I Phillips

REGISTERED OFFICE:

1/17 Wemborough Road

Stanmore

Middlesex

HA7 2DU

REGISTERED NUMBER:

01903301 (England and Wales)

ACCOUNTANTS:

Khushkam Limited

Chartered Certified Accountants

Talbot House

204 - 226 Imperial Drive

Rayners Lane

Harrow

Middlesex

HA2 7HH

CURRENT ASSETS

Stocks

1,363

2,626

Debtors

17,643

5,823

Cash at bank and in hand

3,317

5,021

22,323

13,470

CREDITORS

Amounts falling due within one year

4,124

3,679

NET CURRENT ASSETS

18,199

9,791

TOTAL ASSETS LESS CURRENT LIABILITIES

18,199

9,791

CAPITAL AND RESERVES

Called up share capital

3

75

75

Profit and loss account

18,124

9,716

SHAREHOLDERS' FUNDS

18,199

9,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 6 October 2014 and were signed on its behalf by:

J W Benn Jnr - Director

B Clipstone - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 cost

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

8,523

DEPRECIATION

At 1 April 2013

and 31 March 2014

8,523

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

75

Ordinary

1

75

75

4.	ULTIMATE PARENT UNDERTAKING

The company is wholly owned by Canons Community Association, a registered

charity.