Company Registration No. 01476627 (England and Wales)
COBB ANTIQUES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
COBB ANTIQUES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
COBB ANTIQUES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
29,100
29,518
Current assets
Stocks
26,840
15,670
Debtors
2,046
10,939
Cash at bank and in hand
5,764
587
34,650
27,196
Creditors: amounts falling due within one year
(212,106)
(196,535)
Net current liabilities
(177,456)
(169,339)
Total assets less current liabilities
(148,356)
(139,821)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(148,358)
(139,823)
Shareholders' funds
(148,356)
(139,821)
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 15 December 2014
M J West
Director
Company Registration No. 01476627
COBB ANTIQUES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
1% straight line
Fixtures, fittings and equipment
15% on straight line
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013 & at 31 March 2014
46,331
Depreciation
At 1 April 2013
16,813
Charge for the year
418
At 31 March 2014
17,231
Net book value
At 31 March 2014
29,100
At 31 March 2013
29,518
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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