Corvan Limited - Limited company - abbreviated - 11.0.0

Corvan Limited - Limited company - abbreviated - 11.0.0

CORVAN LIMITED - Company Information

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REGISTERED NUMBER: 02444967 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

CORVAN LIMITED

CORVAN LIMITED (REGISTERED NUMBER: 02444967)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CORVAN LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2013







DIRECTORS: Mrs B K Dulay
B S Dulay





SECRETARY: Mrs B K Dulay





REGISTERED OFFICE: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD





REGISTERED NUMBER: 02444967 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD
Page 1
CORVAN LIMITED (REGISTERED NUMBER: 02444967)

ABBREVIATED BALANCE SHEET
31 December 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 60,000 90,000
Tangible assets 3 725,215 769,798
785,215 859,798

CURRENT ASSETS
Stocks 750 600
Debtors 15,440 720,049
Cash at bank and in hand 50,857 72,195
67,047 792,844
CREDITORS
Amounts falling due within one year 63,720 190,001
NET CURRENT ASSETS 3,327 602,843
TOTAL ASSETS LESS CURRENT
LIABILITIES
788,542
1,462,641

CREDITORS
Amounts falling due after more than one
year
-
699,142
NET ASSETS 788,542 763,499

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 788,442 763,399
SHAREHOLDERS' FUNDS 788,542 763,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these abbreviated accounts

Page 2 continued...
CORVAN LIMITED (REGISTERED NUMBER: 02444967)

ABBREVIATED BALANCE SHEET - continued
31 December 2013


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 Board of Directors on 29 December 2014 and were signed on its behalf
by:





B S Dulay - Director


The notes form part of these abbreviated accounts

Page 3
CORVAN LIMITED (REGISTERED NUMBER: 02444967)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2013

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).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 4% on revalued amount
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 300,000
AMORTISATION
At 1 January 2013 210,000
Amortisation for year 30,000
At 31 December 2013 240,000
NET BOOK VALUE

At 31 December 2013 60,000
At 31 December 2012 90,000

Page 4 continued...
CORVAN LIMITED (REGISTERED NUMBER: 02444967)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 December 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 1,220,472
Additions 3,690
At 31 December 2013 1,224,162
DEPRECIATION
At 1 January 2013 450,674
Charge for year 48,273
At 31 December 2013 498,947
NET BOOK VALUE
At 31 December 2013 725,215
At 31 December 2012 769,798

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
100 Ordinary £1 100 100

Page 5