Company Registration No. 02663163 (England and Wales)
COSMOTRANS INTERNATIONAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
COSMOTRANS INTERNATIONAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
COSMOTRANS INTERNATIONAL LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
133,876
172,020
Cash at bank and in hand
26,016
30,531
159,892
202,551
Creditors: amounts falling due within one year
(131,395)
(142,252)
Total assets less current liabilities
28,497
60,299
Capital and reserves
Called up share capital
2
34,442
34,442
Other reserves
15,558
15,558
Profit and loss account
(21,503)
10,299
Shareholders' funds
28,497
60,299
For the financial year ended 30 June 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 5 December 2016
J Street
I Herdman-Grant
Director
Director
Company Registration No. 02663163
COSMOTRANS INTERNATIONAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Plant and machinery
33% on cost
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
34,442 Ordinary shares of £1 each
34,442
34,442
2016-06-302015-07-01falsetruetruetruetruetruetmp8635.html2016-12-14026631632015-07-012016-06-30026631632016-06-30026631632015-06-30026631632015-06-3002663163uk-bus:Director12015-07-012016-06-3002663163uk-bus:Director22015-07-012016-06-3002663163uk-gaap:PlantMachinery2015-07-012016-06-3002663163uk-bus:OrdinaryShareClass12015-07-012016-06-3002663163uk-bus:OrdinaryShareClass12016-06-3002663163uk-bus:OrdinaryShareClass12015-06-30xbrli:purexbrli:sharesiso4217:GBP
