Abbreviated Company Accounts - CAROLYN CODD LIMITED

CAROLYN CODD LIMITED - Company Information

04622422 CAROLYN CODD LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04622422 2015-04-01 2016-03-31 04622422 2016-03-31 04622422 2015-03-31 04622422 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04622422 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-03-31 iso4217:GBP shares

Registered Number 04622422

CAROLYN CODD LIMITED

Abbreviated Accounts

31 March 2016

CAROLYN CODD LIMITED Registered Number 04622422

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	27,424	30,594
		27,424	30,594
Current assets
Stocks		228,224	177,741
Debtors		7,015	8,890
Cash at bank and in hand		21,045	39,265
		256,284	225,896
Creditors: amounts falling due within one year		(119,893)	(112,201)
Net current assets (liabilities)		136,391	113,695
Total assets less current liabilities		163,815	144,289
Provisions for liabilities		(5,074)	(5,611)
Total net assets (liabilities)		158,741	138,678
Capital and reserves
Called up share capital	3	125	125
Share premium account		19,975	19,975
Profit and loss account		138,641	118,578
Shareholders' funds		158,741	138,678

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 30 December 2016

And signed on their behalf by:
Mrs C Holland, Director

CAROLYN CODD LIMITED Registered Number 04622422

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised evenly over its estimated useful life of ten years.

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 April 2015	122,367
Additions	6,063
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	128,430
Depreciation
At 1 April 2015	91,773
Charge for the year	9,233
On disposals	-
At 31 March 2016	101,006
Net book values
At 31 March 2016	27,424
At 31 March 2015	30,594

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
0 Ordinary shares of £1 each (125 shares for 2015)	0	125
100 A Ordinary shares of £1 each (0 shares for 2015)	100	0
25 B Ordinary shares of £1 each (0 shares for 2015)	25	0

On 24 March 2016 100 ordinary shares were redesignated as A ordinary shares and 25 ordinary shares were redesignated as B ordinary shares. The A and B ordinary shares rank "pari passu" in all respects except for the right to dividends.