Registered Number 04977920

COUNTER SPEC LIMITED

Abbreviated Accounts

30 November 2012

COUNTER SPEC LIMITED Registered Number 04977920

Abbreviated Balance Sheet as at 30 November 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 30,891 37,330
30,891 37,330
Current assets
Stocks 20,747 7,500
Debtors 29,525 41,593
Cash at bank and in hand 1,500 1,500
51,772 50,593
Creditors: amounts falling due within one year (84,649) (67,848)
Net current assets (liabilities) (32,877) (17,255)
Total assets less current liabilities (1,986) 20,075
Creditors: amounts falling due after more than one year (7,027) (19,685)
Total net assets (liabilities) (9,013) 390
Capital and reserves
Called up share capital 1 1
Profit and loss account (9,014) 389
Shareholders' funds (9,013) 390
  • For the year ending 30 November 2012 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 10 July 2013

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 2012

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 activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cfost 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 2011 57,107
Additions 450
Disposals -
Revaluations -
Transfers -
At 30 November 2012 57,557
Depreciation
At 1 December 2011 19,777
Charge for the year 6,889
On disposals -
At 30 November 2012 26,666
Net book values
At 30 November 2012 30,891
At 30 November 2011 37,330