CAT_BALLOU_ORIGINALS_LIMI - Accounts

CAT BALLOU ORIGINALS LIMITED - Company Information

Print Friendly Version

Company Registration No. 01036832 (England and Wales)

CAT BALLOU ORIGINALS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

CAT BALLOU ORIGINALS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CAT BALLOU ORIGINALS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

198,923

177,738

Current assets

Stocks

80,437

74,765

Debtors

7,185

15,687

Cash at bank and in hand

213,304

237,470

300,926

327,922

Creditors: amounts falling due within one year

(203,371)

(207,284)

Net current assets

97,555

120,638

Total assets less current liabilities

296,478

298,376

Provisions for liabilities

(7,831)

(2,667)

288,647

295,709

Capital and reserves

Called up share capital

2,300

Revaluation reserve

150,000

120,000

Profit and loss account

136,347

173,409

Shareholders' funds

288,647

295,709

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 December 2014

Mr A. Kapur

Director

Company Registration No. 01036832

CAT BALLOU ORIGINALS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Improvements to property

20% on cost

Computer equipment

25% on cost

Fixtures and fittings

10% on reducing balance

Motor vehicles

25% on reducing balance

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CAT BALLOU ORIGINALS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2013

252,693

Additions

781

Revaluation

30,000

Disposals

(1,950)

At 31 March 2014

281,524

Depreciation

At 1 April 2013

74,955

On disposals

(1,458)

Charge for the year

9,104

At 31 March 2014

82,601

Net book value

At 31 March 2014

198,923

At 31 March 2013

177,738

Share capital

2014

2013

Allotted, called up and fully paid

2,300 Ordinary of £1 each

2,300