C2 Furniture Contracts Limited - Limited company - abbreviated - 11.0.0

C2 FURNITURE CONTRACTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

C Cookson

REGISTERED OFFICE:

201 Haverstock Hill

London

NW3 4QG

REGISTERED NUMBER:

04459524 (England and Wales)

ACCOUNTANTS:

AEL Partners LLP

Chartered Accountants

201 Haverstock Hill

London

NW3 4QG

FIXED ASSETS

Tangible assets

2

3,670

4,483

CURRENT ASSETS

Debtors

35,555

115,824

Cash at bank

189,222

201,436

224,777

317,260

CREDITORS

Amounts falling due within one year

46,539

138,205

NET CURRENT ASSETS

178,238

179,055

TOTAL ASSETS LESS CURRENT LIABILITIES

181,908

183,538

CAPITAL AND RESERVES

Called up share capital

3

15,000

15,000

Profit and loss account

166,908

168,538

SHAREHOLDERS' FUNDS

181,908

183,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 3 December 2014 and were signed by:

C Cookson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom

Generally Accepted Accounting Practice), which have been consistently applied (except as otherwise stated).

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).

Going concern basis

The director has formed the judgement, at the time of approving the financial statements, that there is a reasonable

expectation that the Company has sufficient access to financial resources which, together with internally generated

cash flows, will continue to provide sufficient sources of liquidity to fund its current operations including its

contractual and commercial commitments and the Company is well placed to manage its business risks successfully,

despite the current economic outlook.

For this reason, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

33% on cost and 25% on cost

Taxation

The tax expense represents the sum of the tax currently payable and the deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before taxation as

reported in the profit and loss account because it excludes items of income and expense that are taxable or deductible

in other years and it further excludes items which are never taxable or deductible. The Company's liability for current

tax is calculated using tax rates that have been enacted or substantially enacted by the balance sheet date.

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets

and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

This is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all

taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable

profits will be available against which deductible temporary differences can be utilised.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the

asset realised.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Trade debtors

Trade debtors are recognised and carried at original invoice amount less an allowance for any non-collectable

amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts

are written off when identified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

29,116

Additions

1,311

At 30 September 2014

30,427

DEPRECIATION

At 1 October 2013

24,633

Charge for year

2,124

At 30 September 2014

26,757

NET BOOK VALUE

At 30 September 2014

3,670

At 30 September 2013

4,483

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

15,000

Ordinary

£1

15,000

15,000

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of C2 Furniture Contracts Limited for the year ended 30 September 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of C2 Furniture Contracts Limited in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of C2 Furniture Contracts Limited

and state those matters that we have agreed to state to the director of C2 Furniture Contracts Limited in this report in

accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that C2 Furniture Contracts Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C2 Furniture

Contracts Limited. You consider that C2 Furniture Contracts Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of C2 Furniture Contracts Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

AEL Partners LLP

Chartered Accountants

201 Haverstock Hill

London

NW3 4QG

3 December 2014