Registered Number 04977920

COUNTER SPEC LIMITED

Abbreviated Accounts

30 November 2014

COUNTER SPEC LIMITED Registered Number 04977920

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 19,634 24,594
19,634 24,594
Current assets
Stocks 20,955 19,375
Debtors 85,782 57,811
Cash at bank and in hand 200 200
106,937 77,386
Creditors: amounts falling due within one year (114,899) (100,482)
Net current assets (liabilities) (7,962) (23,096)
Total assets less current liabilities 11,672 1,498
Creditors: amounts falling due after more than one year (11,111) (1,438)
Total net assets (liabilities) 561 60
Capital and reserves
Called up share capital 1 1
Profit and loss account 560 59
Shareholders' funds 561 60
  • For the year ending 30 November 2014 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 24 June 2015

And signed on their behalf by:
D Power, Director

COUNTER SPEC LIMITED Registered Number 04977920

Notes to the Abbreviated Accounts for the period ended 30 November 2014

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activitoes

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 December 2013 57,898
Additions 228
Disposals -
Revaluations -
Transfers -
At 30 November 2014 58,126
Depreciation
At 1 December 2013 33,304
Charge for the year 5,188
On disposals -
At 30 November 2014 38,492
Net book values
At 30 November 2014 19,634
At 30 November 2013 24,594