Classic Lines Design Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05150346 (England and Wales)

CLASSIC LINES DESIGN LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B McMahon

Mrs E McMahon

SECRETARY:

B McMahon

REGISTERED OFFICE:

71a High Street

Bromsgrove

Worcestershire

B61 8AQ

REGISTERED NUMBER:

05150346 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

5,440

4,978

5,440

4,978

CURRENT ASSETS

Debtors

26,258

50,155

Cash at bank and in hand

62,415

68,159

88,673

118,314

CREDITORS

Amounts falling due within one year

41,741

47,993

NET CURRENT ASSETS

46,932

70,321

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,372

75,299

CAPITAL AND RESERVES

Called up share capital

4

102

Profit and loss account

52,270

75,197

SHAREHOLDERS' FUNDS

52,372

75,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 25 May 2017 and were signed on its
behalf by:

B McMahon - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10

years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

100,000

AMORTISATION

At 1 September 2015

and 31 August 2016

100,000

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

44,206

Additions

2,275

At 31 August 2016

46,481

DEPRECIATION

At 1 September 2015

39,228

Charge for year

1,813

At 31 August 2016

41,041

NET BOOK VALUE

At 31 August 2016

5,440

At 31 August 2015

4,978

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

100

Ordinary

£1

100

1

Preference A

£1

1

Preference B

£1

1

102