Registered Number 06798288

COTELS MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2016

COTELS MANAGEMENT LIMITED Registered Number 06798288

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 5,634 10,510
5,634 10,510
Current assets
Debtors 246,935 185,625
Cash at bank and in hand 419,813 319,561
666,748 505,186
Creditors: amounts falling due within one year (203,321) (139,963)
Net current assets (liabilities) 463,427 365,223
Total assets less current liabilities 469,061 375,733
Total net assets (liabilities) 469,061 375,733
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 468,961 375,633
Shareholders' funds 469,061 375,733
  • For the year ending 31 March 2016 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 13 December 2016

And signed on their behalf by:
MARCIA GOMEZ-PENA, Director

COTELS MANAGEMENT LIMITED Registered Number 06798288

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 33% straight line
Fixtures, fittings and equipment - 25% straight line
Motor Vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 30,821
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 30,821
Depreciation
At 1 April 2015 20,311
Charge for the year 4,876
On disposals -
At 31 March 2016 25,187
Net book values
At 31 March 2016 5,634
At 31 March 2015 10,510
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: Marcia Gomez-Pena
Description of the transaction: Interest free loans
Balance at 1 April 2015: £ 21,595
Advances or credits made: £ 17,357
Advances or credits repaid: -
Balance at 31 March 2016: £ 38,952