Abbreviated Company Accounts - C. & N. CONTROL SYSTEMS LIMITED

Abbreviated Company Accounts - C. & N. CONTROL SYSTEMS LIMITED


Registered Number 02278813

C. & N. CONTROL SYSTEMS LIMITED

Abbreviated Accounts

31 March 2016

C. & N. CONTROL SYSTEMS LIMITED Registered Number 02278813

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 19,537 22,704
19,537 22,704
Current assets
Stocks 319,615 395,355
Debtors 1,788,328 1,852,729
Cash at bank and in hand 184 46,743
2,108,127 2,294,827
Creditors: amounts falling due within one year (904,320) (1,066,691)
Net current assets (liabilities) 1,203,807 1,228,136
Total assets less current liabilities 1,223,344 1,250,840
Creditors: amounts falling due after more than one year (36,880) (63,534)
Provisions for liabilities (3,092) (3,965)
Total net assets (liabilities) 1,183,372 1,183,341
Capital and reserves
Called up share capital 14,200 14,200
Profit and loss account 1,169,172 1,169,141
Shareholders' funds 1,183,372 1,183,341
  • For the year ending 31 March 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 13 December 2016

And signed on their behalf by:
J Nicholl, Director

C. & N. CONTROL SYSTEMS LIMITED Registered Number 02278813

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

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

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

Tangible assets depreciation policy
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 15%/20% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 April 2015 179,012
Additions 1,534
Disposals -
Revaluations -
Transfers -
At 31 March 2016 180,546
Depreciation
At 1 April 2015 156,308
Charge for the year 4,701
On disposals -
At 31 March 2016 161,009
Net book values
At 31 March 2016 19,537
At 31 March 2015 22,704

3Transactions with directors

Name of director receiving advance or credit: J Nicholl
Description of the transaction: Balance
Balance at 1 April 2015: -
Advances or credits made: £ 23,262
Advances or credits repaid: -
Balance at 31 March 2016: £ 23,262

Included within other creditors is a directors loan account in respect of J Nicholl amounting to £23,262 (2015 - £8,951).

The loan bears no right to interest and has no set repayment terms.