Abbreviated Company Accounts - CASTLEVALE TRADING LIMITED

Abbreviated Company Accounts - CASTLEVALE TRADING LIMITED

CASTLEVALE TRADING LIMITED - Company Information

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Registered Number NI601453

CASTLEVALE TRADING LIMITED

Abbreviated Accounts

30 November 2013

CASTLEVALE TRADING LIMITED Registered Number NI601453

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 44,260 45,332
44,260 45,332
Current assets
Debtors 159,876 138,000
Cash at bank and in hand 5,453 -
165,329 138,000
Creditors: amounts falling due within one year (208,554) (168,400)
Net current assets (liabilities) (43,225) (30,400)
Total assets less current liabilities 1,035 14,932
Total net assets (liabilities) 1,035 14,932
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,034 14,931
Shareholders' funds 1,035 14,932
  • For the year ending 30 November 2013 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 28 November 2014

And signed on their behalf by:
Ian Beggs, Director

CASTLEVALE TRADING LIMITED Registered Number NI601453

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Compliance with accounting standards
The financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with the Companies Act 2006 and applicable standards in the United Kingdom. The principle accounting policies, which have been applied consistently throughout the year, are set out below

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 15% reducing balance per annum
Computer Equipment - 33.33% Straight line per annum
Motor Vehicles - 15% reducing balance per annum

2Tangible fixed assets
£
Cost
At 1 December 2012 62,085
Additions 5,817
Disposals -
Revaluations -
Transfers -
At 30 November 2013 67,902
Depreciation
At 1 December 2012 16,753
Charge for the year 6,889
On disposals -
At 30 November 2013 23,642
Net book values
At 30 November 2013 44,260
At 30 November 2012 45,332