Cornish Signs (Herts) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08282032 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

CORNISH SIGNS (HERTS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B P Cornish

Ms C Sharp

R Cornish

SECRETARY:

A J Company Formations Limited

REGISTERED OFFICE:

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

REGISTERED NUMBER:

08282032 (England and Wales)

ACCOUNTANTS:

Ashley James Limited

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

FIXED ASSETS

Tangible assets

2

5,378

6,173

CURRENT ASSETS

Stocks

2,500

2,150

Debtors

44,395

56,252

Cash at bank

98,239

62,027

145,134

120,429

CREDITORS

Amounts falling due within one year

86,711

90,795

NET CURRENT ASSETS

58,423

29,634

TOTAL ASSETS LESS CURRENT LIABILITIES

63,801

35,807

CAPITAL AND RESERVES

Called up share capital

3

100

1

Profit and loss account

63,701

35,806

SHAREHOLDERS' FUNDS

63,801

35,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 6 May 2015 and were signed on its behalf by:

B P Cornish - 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 20% 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

7,831

Additions

747

At 31 December 2014

8,578

DEPRECIATION

At 1 January 2014

1,658

Charge for year

1,542

At 31 December 2014

3,200

NET BOOK VALUE

At 31 December 2014

5,378

At 31 December 2013

6,173

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/14

31/12/13

value:

£

£

100

ORDINARY

£1

100

1

99 ORDINARY shares of £1 were issued during the year for cash of £ 99 .