Courtkind Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01746987 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

FOR

COURTKIND LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R J M Adams

Mr J M M Adams

SECRETARY:

Mr R J M Adams

REGISTERED OFFICE:

Vine Lodge

Simpsons Lane

Tiptree

Essex

CO5 0PP

REGISTERED NUMBER:

01746987 (England and Wales)

ACCOUNTANTS:

Knight & Co Accountants Ltd

7 St Peters Walk

Great Totham

Essex

CM9 8XL

FIXED ASSETS

Tangible assets

2

34

43

Investment property

3

96,720

-

96,754

43

CURRENT ASSETS

Stocks

12,500

Debtors

31,837

22,569

Cash at bank

88,012

184,080

132,349

219,149

CREDITORS

Amounts falling due within one year

40,284

31,695

NET CURRENT ASSETS

92,065

187,454

TOTAL ASSETS LESS CURRENT
LIABILITIES

188,819

187,497

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

188,719

187,397

SHAREHOLDERS' FUNDS

188,819

187,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 January 2017 and were signed on its behalf by:

Mr R J M Adams - Director

Mr J M M Adams - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve. However, as the investment property was purchased on 24

March 2016 the Director's do not consider the market value to be materially different to the historical cost at the

balance sheet date.

No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008). Such properties are held for their investment potential and

not for consumption within the business. This is a departure from the Companies Act 2006 which requires all

properties to be depreciated and the directors consider that to depreciate them would not enable the financial

statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet

date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2015

and 5 April 2016

1,059

DEPRECIATION

At 6 April 2015

1,016

Charge for year

9

At 5 April 2016

1,025

NET BOOK VALUE

At 5 April 2016

34

At 5 April 2015

43

3.	INVESTMENT PROPERTY

Total

£

COST

Additions

96,720

At 5 April 2016

96,720

NET BOOK VALUE

At 5 April 2016

96,720

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.16

5.4.15

value:

£

100

Ordinary

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2016 and 5 April 2015:

5.4.16

5.4.15

£

Mr R J M Adams

Balance outstanding at start of year

-

Amounts advanced

25,367

-

Amounts repaid

(25,367

)

-

Balance outstanding at end of year

-

The loan to the Director was made on an interest free basis and was repaid in full during the year.