REGISTERED NUMBER: 04940321 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 4th April 2016

for

Celtic Restorations Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

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.

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

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.

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.