Company Registration No. 08501544 (England and Wales)
COLM & SON LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
COLM & SON LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
COLM & SON LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
525
1,049
Current assets
Debtors
(2)
5,700
Cash at bank and in hand
160,385
127,449
160,383
133,149
Creditors: amounts falling due within one year
(94,498)
(83,501)
Net current assets
65,885
49,648
Total assets less current liabilities
66,410
50,697
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
66,409
50,696
Shareholders' funds
66,410
50,697
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 26 January 2017
C O'Gallachor
Director
Company Registration No. 08501544
COLM & SON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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:
Computer equipment
33% Straight Line Method
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015 & at 30 April 2016
1,573
Depreciation
At 1 May 2015
524
Charge for the year
524
At 30 April 2016
1,048
Net book value
At 30 April 2016
525
At 30 April 2015
1,049
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
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