Company Registration No. 04821980 (England and Wales)
CARNEXT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CARNEXT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CARNEXT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
308
363
Current assets
Stocks
266,024
194,875
Debtors
1,450
13,613
Cash at bank and in hand
95,566
43,639
363,040
252,127
Creditors: amounts falling due within one year
(147,448)
(95,495)
Net current assets
215,592
156,632
Total assets less current liabilities
215,900
156,995
Provisions for liabilities
(62)
(73)
215,838
156,922
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
215,837
156,921
Shareholders' funds
215,838
156,922
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.
Director's 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 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 10 November 2016
Mr P E Elliman
Director
Company Registration No. 04821980
CARNEXT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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:
Fixtures, fittings & equipment
15% on reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
727
Depreciation
At 1 April 2015
364
Charge for the year
55
At 31 March 2016
419
Net book value
At 31 March 2016
308
At 31 March 2015
363
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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