Registered Number 02558356

CARRERAS COMMUNICATIONS LIMITED

Abbreviated Accounts

31 March 2014

CARRERAS COMMUNICATIONS LIMITED Registered Number 02558356

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 167,233 177,497
Investments 3 100,000 717,969
267,233 895,466
Current assets
Stocks - 80
Debtors 142,305 72,808
Cash at bank and in hand 772,706 116,416
915,011 189,304
Prepayments and accrued income 6,325 27,090
Creditors: amounts falling due within one year (99,186) (128,654)
Net current assets (liabilities) 822,150 87,740
Total assets less current liabilities 1,089,383 983,206
Provisions for liabilities (3,575) (5,102)
Accruals and deferred income (107,244) (119,175)
Total net assets (liabilities) 978,564 858,929
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 978,464 858,829
Shareholders' funds 978,564 858,929
  • 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 March 2015

And signed on their behalf by:
S W Gwynn, Director

CARRERAS COMMUNICATIONS LIMITED Registered Number 02558356

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value added tax and trade discounts.

Turnover on maintenance services are apportioned to turnover in accordance with the proportion of service accruing during the year and the deferred proportion relating to future periods is included within other creditors.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value , over their expected useful lives on the following bases :

L/Term leasehold property 1% Straight line
Motor vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Office equipment 35% reducing balance

Valuation information and policy
Investments

Investments held as fixed assets are shown at cost less provision for impairment

Other accounting policies
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2Tangible fixed assets
£
Cost
At 1 April 2013 273,011
Additions 1,575
Disposals (11,283)
Revaluations -
Transfers -
At 31 March 2014 263,303
Depreciation
At 1 April 2013 95,514
Charge for the year 9,160
On disposals (8,604)
At 31 March 2014 96,070
Net book values
At 31 March 2014 167,233
At 31 March 2013 177,497

.

3Fixed assets Investments
During the year the company realised £617,969 of investments

4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100

Allotted called up and fully paid