REGISTERED NUMBER: 07851924 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th November 2013

for

Colne Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Nutt

Mrs D L Nutt

REGISTERED OFFICE:

Southway House

29 Southway

Colchester

Essex

CO2 7BA

REGISTERED NUMBER:

07851924 (England and Wales)

FIXED ASSETS

Tangible assets

2

3,768

4,002

CURRENT ASSETS

Stocks and work in progress

51,859

40,213

Debtors

46,039

14,761

Cash at bank and in hand

32,165

31,591

130,063

86,565

CREDITORS

Amounts falling due within one year

42,709

32,122

NET CURRENT ASSETS

87,354

54,443

TOTAL ASSETS LESS CURRENT LIABILITIES

91,122

58,445

PROVISIONS FOR LIABILITIES

754

800

NET ASSETS

90,368

57,645

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

90,366

57,643

SHAREHOLDERS' FUNDS

90,368

57,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28th March 2014 and were signed on its behalf by:

D J Nutt - Director

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2012

4,369

Additions

624

At 30th November 2013

4,993

DEPRECIATION

At 1st December 2012

367

Charge for year

858

At 30th November 2013

1,225

NET BOOK VALUE

At 30th November 2013

3,768

At 30th November 2012

4,002

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

2