Abbreviated Company Accounts - COURTNEY SMITH GROUP LIMITED
Abbreviated Company Accounts - COURTNEY SMITH GROUP LIMITED
Registered Number 04906917
COURTNEY SMITH GROUP LIMITED
Abbreviated Accounts
30 September 2014
COURTNEY SMITH GROUP LIMITED Registered Number 04906917
Abbreviated Balance Sheet as at 30 September 2014
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Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 September 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
And signed on their behalf by:
COURTNEY SMITH GROUP LIMITED Registered Number 04906917
Notes to the Abbreviated Accounts for the period ended 30 September 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Leasehold Property - over period of lease
Fixtures, Fittings & Equipment - 25%/33% straight line
Valuation information and policy
Investments are shown at cost less provision for impairment.
Other accounting policies
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax 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 a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not 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 an 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
ULTIMATE PARENT COMPANY
The company is a wholly owned subsidiary of Courtney Smith Holdings Limited, a company registered in England and Wales.
£ | |
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Cost | |
At 1 October 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 September 2014 |
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Depreciation | |
At 1 October 2013 |
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Charge for the year |
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On disposals |
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At 30 September 2014 |
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Net book values | |
At 30 September 2014 | 15,591 |
At 30 September 2013 | 20,715 |
3Fixed assets Investments
Name Class of shares Holding
Courtney Smith Group (North) Limited Ordinary 100%
As at 30 September 2014 the aggregate of the share capital were £9,579 and the profits amounted to £nil.
Name Class of shares Holding
Courtney Smith Group (South West) Limited Ordinary 100%
As at 30 September 2014 the aggregate of the share capital were £1 and the profits amounted to £nil.