Cherry Pipes Ltd - Abbreviated accounts

CHERRY PIPES LIMITED - Company Information

Registered number

NI053648

Cherry Pipes Ltd

Abbreviated Accounts

31 March 2014

Cherry Pipes Ltd
Registered number:		NI053648
Abbreviated Balance Sheet
as at 31 March 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		5,243,112			4,550,591

Current assets
Stocks		1,735,515			815,270
Debtors		1,600,080			2,722,480
Investments held as current assets		556,744			448,775
Cash at bank and in hand		222,295			13,914
		4,114,634			4,000,439

Creditors: amounts falling due within one year		(3,347,532)			(3,904,556)

Net current assets			767,102			95,883

Total assets less current liabilities			6,010,214			4,646,474

Creditors: amounts falling due after more than one year			(1,567,969)			(993,727)



Net assets			4,442,245			3,652,747

Capital and reserves
Called up share capital	3		100,000			100,000
Profit and loss account			4,342,245			3,552,747

Shareholders' funds			4,442,245			3,652,747

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



David Cherry
Director
Approved by the board on 29 December 2014

Cherry Pipes Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2014

1	Accounting policies

	Basis of preparation
	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
	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.

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

	Plant and machinery			12.5% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	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.


2	Tangible fixed assets					£

	Cost
	At 1 April 2013					8,402,175
	Additions					1,331,439
	At 31 March 2014					9,733,614

	Depreciation
	At 1 April 2013					3,851,584
	Charge for the year					638,918
	At 31 March 2014					4,490,502

	Net book value
	At 31 March 2014					5,243,112
	At 31 March 2013					4,550,591


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100,000		100,000		100,000