Abbreviated Company Accounts - CP SHEETFEEDERS LTD

CP SHEETFEEDERS LTD - Company Information

Registered Number 07775698

CP SHEETFEEDERS LTD

Abbreviated Accounts

30 July 2016

CP SHEETFEEDERS LTD Registered Number 07775698

Abbreviated Balance Sheet as at 30 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	119,904	133,227
		119,904	133,227
Current assets
Stocks		23,711	29,920
Debtors		91,451	159,242
Cash at bank and in hand		49,512	59,129
		164,674	248,291
Creditors: amounts falling due within one year		(179,599)	(205,148)
Net current assets (liabilities)		(14,925)	43,143
Total assets less current liabilities		104,979	176,370
Creditors: amounts falling due after more than one year		(44,658)	(71,305)
Total net assets (liabilities)		60,321	105,065
Capital and reserves
Called up share capital		102	102
Profit and loss account		60,219	104,963
Shareholders' funds		60,321	105,065

For the year ending 30 July 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 26 July 2017

And signed on their behalf by:
D J Rowett, Director

CP SHEETFEEDERS LTD Registered Number 07775698

Notes to the Abbreviated Accounts for the period ended 30 July 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 net invoiced sales of goods and services , excluding VAT.

Tangible assets depreciation policy
Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value
over their estimated useful lives as follows:-

Plant & Machinery 10% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 August 2015	163,888
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 July 2016	163,888
Depreciation
At 1 August 2015	30,661
Charge for the year	13,323
On disposals	-
At 30 July 2016	43,984
Net book values
At 30 July 2016	119,904
At 31 July 2015	133,227

The net book value of tangible assets includes £119,904 (2015: £133,227) in respect of assets held under finance leases and hire purchase contracts.