Registered Number 02558356

CARRERAS COMMUNICATIONS LIMITED

Abbreviated Accounts

31 March 2013

CARRERAS COMMUNICATIONS LIMITED Registered Number 02558356

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 177,498 184,444
Investments 3 717,969 700,000
895,467 884,444
Current assets
Stocks 80 2,900
Debtors 99,898 44,160
Cash at bank and in hand 116,416 47,981
216,394 95,041
Creditors: amounts falling due within one year (247,830) (147,295)
Net current assets (liabilities) (31,436) (52,254)
Total assets less current liabilities 864,031 832,190
Provisions for liabilities (5,102) (5,910)
Total net assets (liabilities) 858,929 826,280
Capital and reserves
Called up share capital 100 100
Profit and loss account 858,829 826,180
Shareholders' funds 858,929 826,280
  • For the year ending 31 March 2013 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 27 December 2013

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

CARRERAS COMMUNICATIONS LIMITED Registered Number 02558356

Notes to the Abbreviated Accounts for the period ended 31 March 2013

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

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 - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2012 267,837
Additions 5,175
Disposals -
Revaluations -
Transfers -
At 31 March 2013 273,012
Depreciation
At 1 April 2012 83,393
Charge for the year 12,121
On disposals -
At 31 March 2013 95,514
Net book values
At 31 March 2013 177,498
At 31 March 2012 184,444

3Fixed assets Investments
Investments held as fixed assets are shown at cost less provision for impairment