Constructing Excellence in the North East Limited
Constructing Excellence in the North East Limited
Registered number: 04713908
Abbreviated accounts
For The Year Ended 31 July 2016
Constructing Excellence in the North East Limited
Company No. 04713908
Abbreviated Balance Sheet
31 July 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| 2,126 | 864 | ||||
| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 3 |
( |
( |
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| NET ASSETS |
( |
( |
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| Income and Expenditure Account |
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( |
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| MEMBERS' FUNDS |
( |
( |
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Constructing Excellence in the North East Limited
Company No. 04713908
Abbreviated Balance Sheet (continued)
31 July 2016
Directors' responsibilities:
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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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Constructing Excellence in the North East Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 July 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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2.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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3.
Creditors: Amounts Falling Due After More Than One Year
| 2016 | 2015 | ||
|---|---|---|---|
| £ | £ | ||
| NCBF Loan (Long term liabilities - creditors > 1 year) |
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| Misc Loan (Long term liabilities - creditors > 1 year) | 6,000 | 6,000 | |
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4.
Transactions With and Loans to Directors
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | As at |
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|---|---|---|---|---|
| £ | £ | £ | £ | |
| Mrs Catriona Lingwood | - | 8,750 | - | 8,750 |
The above loan is unsecured, interest free and repayable on demand.
Page 2
Constructing Excellence in the North East Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 July 2016
5.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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