Coast & County Electrical Distributors - Abbreviated accounts 16.3

REGISTERED NUMBER: 05241673 (England and Wales)

COAST & COUNTY ELECTRICAL DISTRIBUTORS

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J J Clayton

J L Blackwell

SECRETARY:

J L Blackwell

REGISTERED OFFICE:

Unit 1, SSP Buildings

Heath Road

Skegness

Lincolnshire

PE25 3ST

REGISTERED NUMBER:

05241673 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

10/12 The Terrace

Spilsby

Lincolnshire

PE23 5JR

FIXED ASSETS

Tangible assets

2

17,828

18,956

CURRENT ASSETS

Stocks

39,665

9,970

Debtors

97,855

106,801

Cash at bank and in hand

191,221

172,594

328,741

289,365

CREDITORS

Amounts falling due within one year

133,645

124,127

NET CURRENT ASSETS

195,096

165,238

TOTAL ASSETS LESS CURRENT LIABILITIES

212,924

184,194

PROVISIONS FOR LIABILITIES

3,445

3,485

NET ASSETS

209,479

180,709

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

209,469

180,699

SHAREHOLDERS' FUNDS

209,479

180,709

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

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

J J Clayton - 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.

Tangible fixed assets

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

50,120

Additions

2,567

At 31 October 2016

52,687

DEPRECIATION

At 1 November 2015

31,164

Charge for year

3,695

At 31 October 2016

34,859

NET BOOK VALUE

At 31 October 2016

17,828

At 31 October 2015

18,956

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

8

Ordinary

£1

8

8

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

10

10

4.	ULTIMATE PARENT COMPANY

The parent company is Clover Investments (Lincolnshire) Limited.