Compact Design Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02531187 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Compact Design Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A G Barnett

Mrs K I Barnett

SECRETARY:

Mrs K I Barnett

REGISTERED OFFICE:

6 Chichester Drive West

Saltdean

Brighton

West Sussex

BN2 8SH

REGISTERED NUMBER:

02531187 (England and Wales)

ACCOUNTANTS:

Eura Audit UK

Lishman Chambers

12 Princes Square

Harrogate

North Yorkshire

HG1 1LY

FIXED ASSETS

Tangible assets

2

2,175

3,361

CURRENT ASSETS

Debtors

5,635

468

Cash at bank

35,615

36,246

41,250

36,714

CREDITORS

Amounts falling due within one year

43,414

40,046

NET CURRENT LIABILITIES

(2,164

)

(3,332

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

11

29

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

9

27

SHAREHOLDERS' FUNDS

11

29

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 10 January 2017 and were signed on its behalf by:

A G Barnett - 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.

Pension costs and other post-retirement benefits

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

49,166

DEPRECIATION

At 1 August 2015

45,805

Charge for year

1,186

At 31 July 2016

46,991

NET BOOK VALUE

At 31 July 2016

2,175

At 31 July 2015

3,361

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

2

Ordinary

£1

2