Creative Interior Contracts Limited - Limited company - abbreviated - 11.6
Creative Interior Contracts Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2014 |
| for |
| Creative Interior Contracts Limited |
| Creative Interior Contracts Limited (Registered number: 03749511) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Creative Interior Contracts Limited |
| Company Information |
| for the Year Ended 31 March 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| Creative Interior Contracts Limited (Registered number: 03749511) |
| Abbreviated Balance Sheet |
| 31 March 2014 |
| 31.3.14 | 31.3.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Creative Interior Contracts Limited (Registered number: 03749511) |
| Abbreviated Balance Sheet - continued |
| 31 March 2014 |
| The financial statements were approved by the Board of Directors on |
| Creative Interior Contracts Limited (Registered number: 03749511) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES |
| 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). |
| Changes in accounting policies |
| As a result of changes in the scale and type of work undertaken by the company during the year ended 31 March 2012 it |
| adopted a policy of making provision for the costs of remedial work. Provision is made for costs arising after the year end in |
| respect of work completed and invoiced to the customer at the balance sheet date. These costs comprise labour and material |
| costs arising from the need for remedial work to be undertaken, at the company's expenses, in accordance with their contract |
| with that customer. |
| Revenue recognition |
| Turnover represents net amounts invoiced in the period, excluding VAT, together with amounts receivable on long term |
| contracts, determined on the basis of the stage of completion of the job. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Long-Term Contracts |
| Long-term contract work-in-progress is shown at net cost after deducting foreseeable losses and payments on account. |
| Turnover on long-term contracts is determined on the basis of the stage of completion of the job plus any extra services |
| provided above the original contract value. |
| Operating profit includes attributable profit on long-term contracts completed and amounts recoverable on contracts |
| uncompleted, the latter also being included under debtors due within one year and after one year. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for |
| the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in |
| the year are shown as either accruals or prepayments at the year end. |
| Creative Interior Contracts Limited (Registered number: 03749511) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES - continued |
| The company has established trusts for the benefit of employees and persons connected to them. Monies held in these trusts are |
| held by independent trustees and managed at their discretion. The trustees are empowered to provide both retirement and other |
| employee benefits. |
| Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of the trust, they |
| are accounted for as assets and liabilities of the company until the earlier of the date that an allocation of trust funds to |
| employees in respect of past services is declared and the date that assets of the trust vest in identified individuals. |
| Where monies held in a trust are determined by the company on the basis of employees' past services to the business and the |
| company can obtain no future economic benefit from those monies, such monies, whether in trust or accrued for by the |
| company are charged to the profit and loss account in the period to which they relate. |
| Where monies held in a trust are determined by the company on the basis of employees' past services to the business and are |
| payable after completion of the employment, such monies are charged to the profit and loss account in the period during which |
| services are rendered by employees. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| and 31 March 2014 |
| AMORTISATION |
| At 1 April 2013 |
| Amortisation for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| Creative Interior Contracts Limited (Registered number: 03749511) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | ULTIMATE PARENT COMPANY |
that company's accounts are available on public record. |