Canda Systems Limited - Limited company - abbreviated

REGISTERED NUMBER: 05661107 (England and Wales)

CANDA SYSTEMS LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr C Hayward

Mr A Watson

Miss K Steed

SECRETARY:

REGISTERED OFFICE:

Ashlar House

115 Walsall Road

Aldridge

Walsall

West Midlands

WS9 0AX

REGISTERED NUMBER:

05661107 (England and Wales)

ACCOUNTANTS:

GREGORY & COMPANY

340A Aldridge Road

Streetly

Sutton Coldfield

Birmingham

West Midlands

B74 2DT

FIXED ASSETS

Intangible assets

2

16,338

Tangible assets

3

72,214

17,954

88,552

34,292

CURRENT ASSETS

Debtors

61,630

48,345

Cash at bank

47,849

10,330

109,479

58,675

CREDITORS

Amounts falling due within one year

81,075

92,824

NET CURRENT ASSETS/(LIABILITIES)

28,404

(34,149

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

116,956

143

CREDITORS

Amounts falling due after more than one
year

49,091

-

NET ASSETS

67,865

143

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

67,765

43

SHAREHOLDERS' FUNDS

67,865

143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 25 November 2014 and were signed on its behalf
by:

Mr C Hayward - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 etc

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

16,338

NET BOOK VALUE

At 31 March 2014

16,338

At 31 March 2013

16,338

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

38,067

Additions

78,331

At 31 March 2014

116,398

DEPRECIATION

At 1 April 2013

20,113

Charge for year

24,071

At 31 March 2014

44,184

NET BOOK VALUE

At 31 March 2014

72,214

At 31 March 2013

17,954

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

ordinary

1

100

Canda Systems Limited - Limited company - abbreviated - 11.0.0

Canda Systems Limited - Limited company - abbreviated - 11.0.0