Registered Number 04977920

COUNTER SPEC LIMITED

Abbreviated Accounts

30 November 2013

COUNTER SPEC LIMITED Registered Number 04977920

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 24,595 30,891
24,595 30,891
Current assets
Stocks 19,375 20,747
Debtors 57,810 29,525
Cash at bank and in hand 200 1,500
77,385 51,772
Creditors: amounts falling due within one year (100,482) (84,649)
Net current assets (liabilities) (23,097) (32,877)
Total assets less current liabilities 1,498 (1,986)
Creditors: amounts falling due after more than one year (1,438) (7,027)
Total net assets (liabilities) 60 (9,013)
Capital and reserves
Called up share capital 1 1
Profit and loss account 59 (9,014)
Shareholders' funds 60 (9,013)
  • For the year ending 30 November 2013 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 12 June 2014

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 2013

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 provide at rates calculated to write off the cost less residual value of each asset over it's expected useful life, as follows:

Plant & machinery - 15% reducing balance
Fixture, fittings & equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 December 2012 57,557
Additions 342
Disposals -
Revaluations -
Transfers -
At 30 November 2013 57,899
Depreciation
At 1 December 2012 26,666
Charge for the year 6,638
On disposals -
At 30 November 2013 33,304
Net book values
At 30 November 2013 24,595
At 30 November 2012 30,891