Abbreviated Company Accounts - COTELS MANAGEMENT LIMITED

06798288 COTELS MANAGEMENT LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 06798288 2013-04-01 2014-03-31 06798288 2014-03-31 06798288 2013-03-31 06798288 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06798288 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06798288

COTELS MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2014

COTELS MANAGEMENT LIMITED Registered Number 06798288

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	17,148	24,185
		17,148	24,185
Current assets
Debtors		275,041	257,709
Cash at bank and in hand		189,468	106,511
		464,509	364,220
Creditors: amounts falling due within one year		(190,883)	(181,092)
Net current assets (liabilities)		273,626	183,128
Total assets less current liabilities		290,774	207,313
Total net assets (liabilities)		290,774	207,313
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		290,674	207,213
Shareholders' funds		290,774	207,313

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 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 16 December 2014

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 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 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 2013	29,129
Additions	853
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	29,982
Depreciation
At 1 April 2013	4,944
Charge for the year	7,890
On disposals	-
At 31 March 2014	12,834
Net book values
At 31 March 2014	17,148
At 31 March 2013	24,185

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
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 2013:	£ 21,389
Advances or credits made:	£ 2,512
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 23,901