Coverdales Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04757267 (England and Wales)

COVERDALES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S R Oxby

Mrs L Oxby

SECRETARY:

S R Oxby

REGISTERED OFFICE:

16b Fairfield Way

Staines Acre Ind. Estate

Whitby

North Yorkshire

YO22 4PU

REGISTERED NUMBER:

04757267 (England and Wales)

FIXED ASSETS

Tangible assets

2

5,652

7,208

CURRENT ASSETS

Stocks

29,842

34,871

Debtors

123,762

65,853

Cash at bank and in hand

1,497

1,043

155,101

101,767

CREDITORS

Amounts falling due within one year

81,075

19,136

NET CURRENT ASSETS

74,026

82,631

TOTAL ASSETS LESS CURRENT LIABILITIES

79,678

89,839

CREDITORS

Amounts falling due after more than one year

110,000

110,000

NET LIABILITIES

(30,322

)

(20,161

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(30,323

)

(20,162

)

SHAREHOLDERS' FUNDS

(30,322

)

(20,161

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 27 March 2015 and were signed on its behalf by:

S R Oxby - 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

-

25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

18,196

DEPRECIATION

At 1 July 2013

10,988

Charge for year

1,556

At 30 June 2014

12,544

NET BOOK VALUE

At 30 June 2014

5,652

At 30 June 2013

7,208

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	GOING CONCERN

The directors have given an undertaking that for at least 12 months from the date of approval for the financial

statements they will not seek repayment of the amounts due to them. This should enable the company to continue

in operational existence for the foreseeable future by meeting its liabilities as they fall due for payment.

Based on the above undertaking, the directors believe that it remains appropriate to prepare the accounts on a

going concern basis.