Abbreviated Company Accounts - C. & N. CONTROL SYSTEMS LIMITED

Abbreviated Company Accounts - C. & N. CONTROL SYSTEMS LIMITED

C. & N. CONTROL SYSTEMS LIMITED - Company Information

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Registered Number 02278813

C. & N. CONTROL SYSTEMS LIMITED

Abbreviated Accounts

31 March 2014

C. & N. CONTROL SYSTEMS LIMITED Registered Number 02278813

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 30,057 24,469
30,057 24,469
Current assets
Stocks 285,790 250,400
Debtors 1,825,905 1,661,072
Cash at bank and in hand 2,551 141
2,114,246 1,911,613
Creditors: amounts falling due within one year (909,252) (732,962)
Net current assets (liabilities) 1,204,994 1,178,651
Total assets less current liabilities 1,235,051 1,203,120
Creditors: amounts falling due after more than one year (58,361) (54,498)
Provisions for liabilities (5,309) (4,037)
Total net assets (liabilities) 1,171,381 1,144,585
Capital and reserves
Called up share capital 14,200 14,200
Profit and loss account 1,157,181 1,130,385
Shareholders' funds 1,171,381 1,144,585
  • For the year ending 31 March 2014 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 10 December 2014

And signed on their behalf by:
J Nicholl, Director

C. & N. CONTROL SYSTEMS LIMITED Registered Number 02278813

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property - straight line basis over the period of the lease
Plant & Machinery - 15%/20% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2013 163,830
Additions 14,700
Disposals -
Revaluations -
Transfers -
At 31 March 2014 178,530
Depreciation
At 1 April 2013 139,361
Charge for the year 9,112
On disposals -
At 31 March 2014 148,473
Net book values
At 31 March 2014 30,057
At 31 March 2013 24,469