Clifford Springs Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07324248 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Clifford Springs Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J K Clifford

R G Clifford

REGISTERED OFFICE:

Estate House

144 Evesham Street

Redditch

Worcestershire

B97 4HP

REGISTERED NUMBER:

07324248 (England and Wales)

ACCOUNTANTS:

Derek Young & Co

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Intangible assets

2

90,000

105,000

Tangible assets

3

254,511

175,360

344,511

280,360

CURRENT ASSETS

Stocks

50,125

24,975

Debtors

273,868

227,357

Cash at bank and in hand

428,439

351,135

752,432

603,467

CREDITORS

Amounts falling due within one year

245,653

280,529

NET CURRENT ASSETS

506,779

322,938

TOTAL ASSETS LESS CURRENT LIABILITIES

851,290

603,298

CREDITORS

Amounts falling due after more than one year

-

(5,123

)

PROVISIONS FOR LIABILITIES

(43,586

)

(28,901

)

NET ASSETS

807,704

569,274

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

807,702

569,272

SHAREHOLDERS' FUNDS

807,704

569,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 9 October 2014 and were signed on its behalf by:

J K Clifford - 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 April 2008).

Turnover

Turnover represents amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

150,000

AMORTISATION

At 1 September 2013

45,000

Amortisation for year

15,000

At 31 August 2014

60,000

NET BOOK VALUE

At 31 August 2014

90,000

At 31 August 2013

105,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

294,341

Additions

160,350

At 31 August 2014

454,691

DEPRECIATION

At 1 September 2013

118,981

Charge for year

81,199

At 31 August 2014

200,180

NET BOOK VALUE

At 31 August 2014

254,511

At 31 August 2013

175,360

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary share capital

£1

2

2