REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 July 2013 |
for |
CSCS (Contracts) Limited |
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 July 2013 |
for |
CSCS (Contracts) Limited |
CSCS (Contracts) Limited (Registered number: 06906227) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 July 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Certified Accountants' Report | 7 |
CSCS (Contracts) Limited |
Company Information |
for the Year Ended 31 July 2013 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
CSCS (Contracts) Limited (Registered number: 06906227) |
Abbreviated Balance Sheet |
31 July 2013 |
31.7.13 | 31.7.12 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
CSCS (Contracts) Limited (Registered number: 06906227) |
Abbreviated Balance Sheet - continued |
31 July 2013 |
31.7.13 | 31.7.12 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director on |
CSCS (Contracts) Limited (Registered number: 06906227) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 July 2013 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements 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 net invoiced sales of goods, excluding value added tax. |
Turnover represents sales of goods and services net of VAT and trade discounts. Turnover is |
recognised when the risks and rewards of ownership of goods have been transferred to the |
customer or where the value of services provided under contracts to the extent that there is a right |
to consideration and is recorded at the value of the consideration due. The risks and rewards of |
ownership of goods are deemed to have been transferred when the goods are shipped to, or are |
picked up by, the customer. Where a service contract has only been partially completed at the |
balance sheet date turnover represents the value of the service provided to date based on a |
proportion of the total expected consideration at completion. Where payments are received from |
customers in advance of services provided, the amounts are recorded as deferred income and |
included as part of creditors due within one year. |
Goodwill |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Deferred tax |
Deferred taxation is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date where transactions or events have occurred at that date that will |
result in an obligation to pay more, or right to pay less or to receive more, tax, with the following |
A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of |
all evidence, it can be regarded as likely that there will be suitable taxable profits from which the |
future reversal of the underlying timing differences can be deducted. |
Deferred tax is measured on a undiscounted basis, at the tax rates that are expected to apply in the |
periods in which timing differences reverse, based on tax rates and laws enacted or substantively |
enacted at the balance sheet date. |
CSCS (Contracts) Limited (Registered number: 06906227) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 July 2013 |
1. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant |
period. The capital element of the future payments is treated as a liability. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which they |
relate. |
Going concern |
The accounts have been drawn up on a going concern basis. Of the company's liabilities, £133,820 is |
owed to G Brooker, the director. G Brooker has agreed not to demand repayment of this amount |
for at least one year after the balance sheet signing date. |
The company shareholders, and director have also agreed to offer their continued support to the |
company. |
If the going concern basis were not appropriate, adjustments would have to be made to reduce the |
value of assets to their recoverable amount to provide for any further liabilities that might arise and |
to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2012 |
and 31 July 2013 |
AMORTISATION |
At 1 August 2012 |
Amortisation for year |
At 31 July 2013 |
NET BOOK VALUE |
At 31 July 2013 |
At 31 July 2012 |
CSCS (Contracts) Limited (Registered number: 06906227) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 July 2013 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2012 |
Additions |
At 31 July 2013 |
DEPRECIATION |
At 1 August 2012 |
Charge for year |
At 31 July 2013 |
NET BOOK VALUE |
At 31 July 2013 |
At 31 July 2012 |
4. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
31.7.13 | 31.7.12 |
£ | £ |
Repayable by instalments | 277,624 | 294,514 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.13 | 31.7.12 |
value: | £ | £ |
Ordinary | £1 |
Shares were issued on 25 April 2012 at par. The number of shares issued was 999. |
Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
CSCS (Contracts) Limited |
The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages |
two to six) have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of CSCS (Contracts) Limited for the year ended 31 July 2013 which |
comprise the Profit and Loss Account, the Balance Sheet, and the related notes 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://rulebook.accaglobal.com. |
This report is made solely to the director of CSCS (Contracts) Limited in accordance with our terms of |
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of |
CSCS (Contracts) Limited and state those matters that we have agreed to state to the director of CSCS |
(Contracts) Limited in this report in accordance with the requirements of the Association of Chartered |
Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent |
permitted by law, we do not accept or assume responsibility to anyone other than the company and its |
director for our work or for this report. |
It is your duty to ensure that CSCS (Contracts) Limited has kept adequate accounting records and to |
prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial |
position and loss of CSCS (Contracts) Limited. You consider that CSCS (Contracts) 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 financial statements of CSCS |
(Contracts) 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 financial statements. |
Chartered Certified Accountants |
30 April 2014 |