Abbreviated Company Accounts - CHARLES BINNEY COMMERCIAL FINANCE LIMITED

Abbreviated Company Accounts - CHARLES BINNEY COMMERCIAL FINANCE LIMITED


Registered Number 03575247

CHARLES BINNEY COMMERCIAL FINANCE LIMITED

Abbreviated Accounts

31 March 2014

CHARLES BINNEY COMMERCIAL FINANCE LIMITED Registered Number 03575247

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Current assets
Cash at bank and in hand 65 48
65 48
Creditors: amounts falling due within one year (1,601) (2,062)
Net current assets (liabilities) (1,536) (2,014)
Total assets less current liabilities (1,536) (2,014)
Creditors: amounts falling due after more than one year (20,779) (18,975)
Total net assets (liabilities) (22,315) (20,989)
Capital and reserves
Called up share capital 2 20,000 20,000
Profit and loss account (42,315) (40,989)
Shareholders' funds (22,315) (20,989)
  • 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 22 December 2014

And signed on their behalf by:
MR M W BARLOW, Director

CHARLES BINNEY COMMERCIAL FINANCE LIMITED Registered Number 03575247

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
Turnover represents amounts derived from the provision of services falling within the company's ordinary activities, net of value added tax and discounts.

Other accounting policies
Going concern
The company has net liabilities and generally relies on loans from the director and other companies within the group to meet any financial obligations that arise. In view of this support, the director considers it appropriate to prepare the financial statements on a going concern basis.

2Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2 A Ordinary shares of £1 each 2 2
19,998 D Ordinary shares of £1 each 19,998 19,998