Registered Number 02558356

CARRERAS COMMUNICATIONS LIMITED

Abbreviated Accounts

31 March 2015

CARRERAS COMMUNICATIONS LIMITED Registered Number 02558356

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 160,887 167,233
Investments 3 500,000 100,000
660,887 267,233
Current assets
Debtors 117,839 148,630
Cash at bank and in hand 355,311 772,706
473,150 921,336
Creditors: amounts falling due within one year (162,278) (206,431)
Net current assets (liabilities) 310,872 714,905
Total assets less current liabilities 971,759 982,138
Provisions for liabilities (2,060) (3,575)
Total net assets (liabilities) 969,699 978,563
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 969,599 978,463
Shareholders' funds 969,699 978,563
  • For the year ending 31 March 2015 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 28 December 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 2015

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 from maintenance services is recognised in accordance with the proportion of contracted services supplied during the period.

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:

Long term leasehold property 1% straight line
Motor vehicles 25% reducing balance
Fixtures & fittings 25% reducing balance
Office equipment 25% reducing balance

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

2Tangible fixed assets
£
Cost
At 1 April 2014 263,304
Additions 3,950
Disposals (25,850)
Revaluations -
Transfers -
At 31 March 2015 241,404
Depreciation
At 1 April 2014 96,071
Charge for the year 7,514
On disposals (23,068)
At 31 March 2015 80,517
Net book values
At 31 March 2015 160,887
At 31 March 2014 167,233

3Fixed assets Investments
The market value of listed investments at 31st March 2015 was £516,556

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100