Abbreviated Company Accounts - THE CELT EXPERIENCE LIMITED

THE CELT EXPERIENCE LIMITED - Company Information

Registered Number 06193195

THE CELT EXPERIENCE LIMITED

Abbreviated Accounts

31 March 2014

THE CELT EXPERIENCE LIMITED Registered Number 06193195

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	449,854	260,108
		449,854	260,108
Current assets
Stocks		127,502	101,284
Debtors		190,009	132,039
Cash at bank and in hand		22,628	3,272
		340,139	236,595
Creditors: amounts falling due within one year	3	(281,637)	(213,629)
Net current assets (liabilities)		58,502	22,966
Total assets less current liabilities		508,356	283,074
Creditors: amounts falling due after more than one year	3	(161,993)	(80,325)
Provisions for liabilities		(8,144)	(8,144)
Total net assets (liabilities)		338,219	194,605
Capital and reserves
Called up share capital		205,715	180,000
Share premium account		124,285	-
Profit and loss account		8,219	14,605
Shareholders' funds		338,219	194,605

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 31 December 2014

And signed on their behalf by:
Gavin Davidson, Director

THE CELT EXPERIENCE LIMITED Registered Number 06193195

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 10% straight line
Motor vehicles 25% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
At 1 April 2013	428,785
Additions	234,747
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	663,532
Depreciation
At 1 April 2013	168,677
Charge for the year	45,001
On disposals	-
At 31 March 2014	213,678
Net book values
At 31 March 2014	449,854
At 31 March 2013	260,108

3Creditors

	2014 £	2013 £
Secured Debts	102,078	0