Abbreviated Company Accounts - COBLE DEVELOPMENTS LIMITED

Abbreviated Company Accounts - COBLE DEVELOPMENTS LIMITED

COBLE DEVELOPMENTS LIMITED - Company Information

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Registered Number 08641857

COBLE DEVELOPMENTS LIMITED

Abbreviated Accounts

31 March 2014

COBLE DEVELOPMENTS LIMITED Registered Number 08641857

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014
£
Fixed assets
Tangible assets 2 13,891
13,891
Current assets
Stocks 27,571
Debtors 7,238
Cash at bank and in hand 26,832
61,641
Creditors: amounts falling due within one year (78,615)
Net current assets (liabilities) (16,974)
Total assets less current liabilities (3,083)
Total net assets (liabilities) (3,083)
Capital and reserves
Called up share capital 3 100
Profit and loss account (3,183)
Shareholders' funds (3,083)
  • 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 23 January 2015

And signed on their behalf by:
A. K. Pull, Director

COBLE DEVELOPMENTS LIMITED Registered Number 08641857

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.

Tangible assets depreciation policy
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor Vehicles - 25% reducing balance

Valuation information and policy
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Other accounting policies
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.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets
£
Cost
Additions 14,495
Disposals -
Revaluations -
Transfers -
At 31 March 2014 14,495
Depreciation
Charge for the year 604
On disposals -
At 31 March 2014 604
Net book values
At 31 March 2014 13,891
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
100 Ordinary shares of £1 each 100

100 shares were issued at par at incorporation on 7th August 2013.