Abbreviated Company Accounts - CORTEC SOLUTIONS LIMITED

Abbreviated Company Accounts - CORTEC SOLUTIONS LIMITED

CORTEC SOLUTIONS LIMITED - Company Information

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Registered Number 04066044

CORTEC SOLUTIONS LIMITED

Abbreviated Accounts

30 September 2016

CORTEC SOLUTIONS LIMITED Registered Number 04066044

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,978 1,699
3,978 1,699
Current assets
Debtors 58,026 18,534
Cash at bank and in hand 41,588 14,677
99,614 33,211
Creditors: amounts falling due within one year (74,981) (13,281)
Net current assets (liabilities) 24,633 19,930
Total assets less current liabilities 28,611 21,629
Total net assets (liabilities) 28,611 21,629
Capital and reserves
Called up share capital 820 1,000
Profit and loss account 27,791 20,629
Shareholders' funds 28,611 21,629
  • For the year ending 30 September 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.

Approved by the Board on 5 December 2016

And signed on their behalf by:
S Dewey, Director

CORTEC SOLUTIONS LIMITED Registered Number 04066044

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Office Equipment 20% straight line
Computer Equipment 33.33% straight line

Valuation information and policy
The company operates a defined contribution pension scheme. Contributions are charged to the
profit and loss account as they become payable in accordance with the rules of the scheme.

Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.

2Tangible fixed assets
£
Cost
At 1 October 2015 23,777
Additions 2,700
Disposals (14,421)
Revaluations -
Transfers -
At 30 September 2016 12,056
Depreciation
At 1 October 2015 22,078
Charge for the year 769
On disposals (14,769)
At 30 September 2016 8,078
Net book values
At 30 September 2016 3,978
At 30 September 2015 1,699