C M Supply Limited - Period Ending 2014-07-31

Registration number: 04487612

C M Supply Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014
 

Davies & Co
Chartered Certified Accountants
9 Riverside
Waters Meeting Road
Bolton
BL1 8TU

C M Supply Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

C M Supply Limited
(Registration number: 04487612)
Abbreviated Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					9,704			11,858
Current assets
Stocks					374			430
Debtors					6,266			30,815
Cash at bank and in hand					141,074			150,606
					147,714			181,851
Creditors: Amounts falling due within one year					(146,901)			(163,540)
Net current assets					813			18,311
Net assets					10,517			30,169
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					10,417			30,069
Shareholders' funds					10,517			30,169

For the year ending 31 July 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 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 3 November 2014 and signed on its behalf by:

.........................................
N B Slater
Director

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

C M Supply Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 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 at rates calculated to write off the cost less residual value of each asset over its expected useful live, as follows

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance basis
Fixtures and fittings	15% reducing balance 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.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

C M Supply Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2013		36,504			36,504
Disposals		(1,672)			(1,672)
At 31 July 2014		34,832			34,832
Depreciation
At 1 August 2013		24,646			24,646
Charge for the year		1,713			1,713
Eliminated on disposals		(1,231)			(1,231)
At 31 July 2014		25,128			25,128
Net book value
At 31 July 2014		9,704			9,704
At 31 July 2013		11,858			11,858

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
ordinary of £1 each		100			100			100			100

Page 3