COVASH LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 06977423 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

COVASH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Cooper

Mrs V A Glasspool

Mrs H Spilsted

SECRETARY:

P A Cooper

REGISTERED OFFICE:

1 Racton Park Farm Cottages

Hares Lane

Racton

Chichester

West Sussex

PO18 9DP

REGISTERED NUMBER:

06977423 (England and Wales)

ACCOUNTANTS:

James Todd & Co Limited

1 & 2 The Barn

Oldwick

West Stoke Road

Chichester

West Sussex

PO18 9AA

CURRENT ASSETS

Debtors

9,947

10,836

Cash at bank and in hand

2,066

3,069

12,013

13,905

CREDITORS

Amounts falling due within one year

6,408

6,296

NET CURRENT ASSETS

5,605

7,609

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,605

7,609

CAPITAL AND RESERVES

Called up share capital

2

6

Profit and loss account

5,599

7,603

SHAREHOLDERS' FUNDS

5,605

7,609

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 26 April 2017 and were signed on its
behalf by:

Mrs H Spilsted - 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 the amounts derived from the provision of goods and services falling within the

company's ordinary activities, after deduction of trade discounts, value added tax and any other

other taxes.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation

computations in period different from those in which they are included in the company's accounts.

Deferred tax is provided in full on timing differences which result in an obligation to pay more (or

less) tax at a future date, at the average tax rates that are expected to apply when the timing

differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where

there is no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

6

Ordinary

£1

6