Cardroom Enterprises Limited - Period Ending 2014-04-30

Registration number: 05412430

Cardroom Enterprises Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

West House Accountants
Chartered Accountants
14 High Street
Tettenhall
Wolverhampton
West Midlands
WV6 8QT

Cardroom Enterprises Limited
(Registration number: 05412430)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,672			917
Current assets
Stocks					5,650			5,775
Debtors					137,336			139,071
Cash at bank and in hand					4,339			8,478
					147,325			153,324
Creditors: Amounts falling due within one year					(99,780)			(137,556)
Net current assets					47,545			15,768
Net assets					49,217			16,685
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					49,117			16,585
Shareholders' funds					49,217			16,685

For the year ending 30 April 2014 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the director on 5 November 2014

......................................... J M Kriskinans Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Cardroom Enterprises Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Office equipment	33% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		12,081			12,081
Additions		1,660			1,660
At 30 April 2014		13,741			13,741
Depreciation
At 1 May 2013		11,164			11,164
Charge for the year		905			905
At 30 April 2014		12,069			12,069
Net book value
At 30 April 2014		1,672			1,672
At 30 April 2013		917			917

Page 2

Cardroom Enterprises Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3