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REGISTERED NUMBER: 04940321 (England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 4th April 2016

for

Celtic Restorations Limited

Celtic Restorations Limited (Registered number: 04940321)






Contents of the Abbreviated Accounts
for the Year Ended 4th April 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Celtic Restorations Limited

Company Information
for the Year Ended 4th April 2016







DIRECTOR: J W B Jenkins





SECRETARY:





REGISTERED OFFICE: Glynhir Mansion
Llandybie
Ammanford
Carmarthenshire
SA18 2TD





REGISTERED NUMBER: 04940321 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Celtic Restorations Limited (Registered number: 04940321)

Abbreviated Balance Sheet
4th April 2016

4.4.16 4.4.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 20,554 30,028

CURRENT ASSETS
Stocks 100,000 430,000
Debtors 32,060 13,215
132,060 443,215
CREDITORS
Amounts falling due within one year 3 752,101 899,355
NET CURRENT LIABILITIES (620,041 ) (456,140 )
TOTAL ASSETS LESS CURRENT LIABILITIES (599,487 ) (426,112 )

CREDITORS
Amounts falling due after more than
one year

3,560

6,000
NET LIABILITIES (603,047 ) (432,112 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (603,147 ) (432,212 )
SHAREHOLDERS' FUNDS (603,047 ) (432,112 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 4th April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Celtic Restorations Limited (Registered number: 04940321)

Abbreviated Balance Sheet - continued
4th April 2016


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 director on 3rd January 2017 and were signed by:





J W B Jenkins - Director


Celtic Restorations Limited (Registered number: 04940321)

Notes to the Abbreviated Accounts
for the Year Ended 4th April 2016

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 January 2015).

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued by the company's director and represents the value of land and partly
constructed properties at the balance sheet date. It has been valued at the lower of cost and net
realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Celtic Restorations Limited (Registered number: 04940321)

Notes to the Abbreviated Accounts - continued
for the Year Ended 4th April 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 5th April 2015
and 4th April 2016 183,267
DEPRECIATION
At 5th April 2015 153,239
Charge for year 9,474
At 4th April 2016 162,713
NET BOOK VALUE
At 4th April 2016 20,554
At 4th April 2015 30,028

3. CREDITORS

Creditors include an amount of £ 253,384 (4.4.15 - £ 355,309 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 4.4.16 4.4.15
value: £    £   
100 Ordinary £1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed to its director the sum of £193,819 (2015 £231,680).

6. GOING CONCERN

The accounts have been prepared under the going concern concept which assumes that the
company's bankers and director will provide sufficient funds over future periods to maintain it as
such.