Abbreviated Company Accounts - CULVERSTONE STORES LTD

CULVERSTONE STORES LTD - Company Information

05446929 CULVERSTONE STORES LTD 2016-09-30 false 2015-10-01 2016-09-30 true 05446929 2015-10-01 2016-09-30 05446929 2016-09-30 05446929 2015-09-30 05446929 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 05446929 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 05446929

CULVERSTONE STORES LTD

Abbreviated Accounts

30 September 2016

CULVERSTONE STORES LTD Registered Number 05446929

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	595,295	613,018
		595,295	613,018
Current assets
Stocks		39,495	39,165
Debtors		14,454	62,473
Cash at bank and in hand		8,158	14,200
		62,107	115,838
Creditors: amounts falling due within one year	3	(180,833)	(172,101)
Net current assets (liabilities)		(118,726)	(56,263)
Total assets less current liabilities		476,569	556,755
Creditors: amounts falling due after more than one year	3	(457,000)	(510,075)
Total net assets (liabilities)		19,569	46,680
Capital and reserves
Called up share capital	4	3,000	3,000
Profit and loss account		16,569	43,680
Shareholders' funds		19,569	46,680

For the year ending 30 September 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 16 June 2017

And signed on their behalf by:
T S Juty, Director

CULVERSTONE STORES LTD Registered Number 05446929

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 January 2015).

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

Tangible assets depreciation policy
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:

Land and buildings - 2% straight line basis
Plant and machinery - 20% reducing balance
Fixtures and fittings - 15% reduing balance
Office equipment -25% reducing balance

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 October 2015	970,559
Additions	3,667
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	974,226
Depreciation
At 1 October 2015	357,541
Charge for the year	21,390
On disposals	-
At 30 September 2016	378,931
Net book values
At 30 September 2016	595,295
At 30 September 2015	613,018

3Creditors

	2016 £	2015 £
Secured Debts	457,000	510,075

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
3,000 Ordinary shares of £1 each	3,000	3,000