CPI Moto Limited - Period Ending 2014-03-31

CPI Moto Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014

Thorntons
Chartered Certified Accountants
176-178 PONTEFRACT ROAD
CUDWORTH
BARNSLEY
SOUTH YORKSHIRE
S72 8BE

CPI Moto Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
CPI Moto Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CPI Moto Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of CPI Moto Limited, as a body, in accordance with the terms of our engagement letterdated 21 November 2006. Our work has been undertaken solely to prepare for your approval the accounts of CPI Moto Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CPI Moto Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that CPI Moto Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CPI Moto Limited. You consider that CPI Moto Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of CPI Moto Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thorntons
Chartered Certified Accountants
176-178 PONTEFRACT ROAD
CUDWORTH
BARNSLEY
SOUTH YORKSHIRE
S72 8BE

3 December 2014

Page 1

CPI Moto Limited
(Registration number: 05106781)
Abbreviated Balance Sheet at 31 March 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets		4,626	5,626
Current assets
Stocks		60,637	48,680
Debtors		145,162	77,376
Cash at bank and in hand		487	487
		206,286	126,543
Creditors: Amounts falling due within one year		(550,557)	(504,393)
Net current liabilities		(344,271)	(377,850)
Total assets less current liabilities		(339,645)	(372,224)
Creditors: Amounts falling due after more than one year		(40,732)	(48,807)
Net liabilities		(380,377)	(421,031)
Capital and reserves
Called up share capital	3	50,000	50,000
Profit and loss account		(430,377)	(471,031)
Shareholders' deficit		(380,377)	(421,031)

For the year ending 31 March 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 director acknowledges his 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 director on 2 December 2014

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

CPI Moto Limited
(Registration number: 05106781)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
Mr Mark Illingworth
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

CPI Moto Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Motor vehicles	25% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

CPI Moto Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2013	16,344	16,344
At 31 March 2014	16,344	16,344
Depreciation
At 1 April 2013	10,718	10,718
Charge for the year	1,000	1,000
At 31 March 2014	11,718	11,718
Net book value
At 31 March 2014	4,626	4,626
At 31 March 2013	5,626	5,626

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Ordinary shares of £1 each		50,000	50,000		50,000	50,000

Page 5