REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 4th April 2016 |
for |
Celtic Restorations Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Celtic Restorations Limited (Registered number: 04940321) |
Abbreviated Balance Sheet |
4th April 2016 |
4.4.16 | 4.4.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the director on |
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 |
Plant and machinery | - |
Motor vehicles | - |
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 |
DEPRECIATION |
At 5th April 2015 |
Charge for year |
At 4th April 2016 |
NET BOOK VALUE |
At 4th April 2016 |
At 4th April 2015 |
3. | CREDITORS |
Creditors include an amount of £ |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 4.4.16 | 4.4.15 |
value: | £ | £ |
Ordinary | £1 |
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. |