Abbreviated Company Accounts - COHORTS BY DESIGN LIMITED

COHORTS BY DESIGN LIMITED - Company Information

Registered Number SC363557

COHORTS BY DESIGN LIMITED

Abbreviated Accounts

31 August 2016

COHORTS BY DESIGN LIMITED Registered Number SC363557

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	10,800	14,400
Tangible assets	3	5,374	5,966
		16,174	20,366
Current assets
Debtors		5,396	5,458
Cash at bank and in hand		15,204	15,432
		20,600	20,890
Creditors: amounts falling due within one year		(39,169)	(38,680)
Net current assets (liabilities)		(18,569)	(17,790)
Total assets less current liabilities		(2,395)	2,576
Total net assets (liabilities)		(2,395)	2,576
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(3,395)	1,576
Shareholders' funds		(2,395)	2,576

For the year ending 31 August 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 18 April 2017

And signed on their behalf by:
Craig Campbell Paterson, Director

COHORTS BY DESIGN LIMITED Registered Number SC363557

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years

2Intangible fixed assets

	£
Cost
At 1 September 2015	36,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	36,000
Amortisation
At 1 September 2015	21,600
Charge for the year	3,600
On disposals	-
At 31 August 2016	25,200
Net book values
At 31 August 2016	10,800
At 31 August 2015	14,400

3Tangible fixed assets

	£
Cost
At 1 September 2015	9,561
Additions	638
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	10,199
Depreciation
At 1 September 2015	3,595
Charge for the year	1,230
On disposals	-
At 31 August 2016	4,825
Net book values
At 31 August 2016	5,374
At 31 August 2015	5,966