Abbreviated Company Accounts - CADDYRITE LIMITED

06855728 CADDYRITE LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 06855728 2015-05-01 2016-04-30 06855728 2016-04-30 06855728 2015-04-30 06855728 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 06855728 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-04-30 iso4217:GBP shares

Registered Number 06855728

CADDYRITE LIMITED

Abbreviated Accounts

30 April 2016

CADDYRITE LIMITED Registered Number 06855728

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1,175	2,450
Tangible assets	3	18,288	4,773
		19,463	7,223
Current assets
Stocks		7,454	7,260
Debtors		5,881	3,908
Cash at bank and in hand		1,576	5,978
		14,911	17,146
Creditors: amounts falling due within one year		(51,256)	(38,776)
Net current assets (liabilities)		(36,345)	(21,630)
Total assets less current liabilities		(16,882)	(14,407)
Total net assets (liabilities)		(16,882)	(14,407)
Capital and reserves
Called up share capital	4	101	2
Profit and loss account		(16,983)	(14,409)
Shareholders' funds		(16,882)	(14,407)

For the year ending 30 April 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 20 January 2017

And signed on their behalf by:
P JONES, Director

CADDYRITE LIMITED Registered Number 06855728

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Turnover policy
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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

Directors' advances, credits and guarantees
The following advances and credits to directors subsisted during the years ended 30 April 2016 and 30 April 2015:

P Jones 30.4.16 30.4.15
£ £
Balance outstanding at start of year (14,944) (14,761)
Amounts advanced 3,900 484
Amounts repaid (150) (667)
Balance outstanding at end of year (11,194) (14,944)

J Arnold 30.4.16 30.4.15
£ £
Balance outstanding at start of year - -
Amounts advanced 45 -
Amounts repaid (10,000) -
Balance outstanding at end of year (9,955) -

The sums owed to the directors, are unsecured, carry no right to interest and have no set repayment terms.

The directors have guaranteed their financial support for the company from a period of twelve months from the date of signing these financial statements.

Other financial commitments
The Company has a commitment to rent properties under leases which expires beyond five years. The commitment for the forthcoming year totals £5,500 (2015 £3,208).

Ultimate controlling party
The company is controlled by P Jones.

2Intangible fixed assets

	£
Cost
At 1 May 2015	9,800
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	9,800
Amortisation
At 1 May 2015	7,350
Charge for the year	1,275
On disposals	-
At 30 April 2016	8,625
Net book values
At 30 April 2016	1,175
At 30 April 2015	2,450

3Tangible fixed assets

	£
Cost
At 1 May 2015	13,939
Additions	20,649
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	34,588
Depreciation
At 1 May 2015	9,166
Charge for the year	7,134
On disposals	-
At 30 April 2016	16,300
Net book values
At 30 April 2016	18,288
At 30 April 2015	4,773

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 A Ordinary shares of £1 each (1 share for 2015)	100	1
1 B Ordinary share of £1 each	1	1

99 Ordinary A shares of £1 were allotted and fully paid for cash at par during the year.

Both classes of shares carry the same rights.