CADES_LIMITED - Accounts

CADES LIMITED - Company Information

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CADES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

Company Registration No. 03278735 (England and Wales)

CADES LIMITED

COMPANY INFORMATION

Directors

Mr S Rhodes

Mr P Oldfield

(Appointed 16 January 2015)

Mr C Oldfield

(Appointed 16 January 2015)

Secretary

Mrs H Rhodes

Company number

03278735

Registered office

Unit 357 Street 7

Thorp Arch Estate

Wetherby

LS23 7FL

Accountants

Naylor Wintersgill Limited

Carlton House

Grammar School Street

Bradford

BD1 4NS

Business address

Unit 3 Victoria Road Industrial Estate

Off Victoria Road

Eccleshill

Bradford

BD2 2DD

CADES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CADES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

79,007

44,229

Current assets

Stocks

126,469

210,383

Debtors

274,042

335,016

Cash at bank and in hand

25,036

11,393

425,547

556,792

Creditors: amounts falling due within one year

(362,144)

(510,520)

Net current assets

63,403

46,272

Total assets less current liabilities

142,410

90,501

Creditors: amounts falling due after more than one year

(44,147)

Provisions for liabilities

(4,048)

(668)

94,215

89,833

Capital and reserves

Called up share capital

100

Profit and loss account

94,115

89,733

Shareholders' funds

94,215

89,833

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 29 April 2015

Mr P Oldfield

Director

Company Registration No. 03278735

CADES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

20% straight line

Plant and machinery

50% straight line

Fixtures, fittings & equipment

15% reducing balance & 33.33% straight line

Motor vehicles

25% reducing balance

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

CADES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 March 2014

180,325

Additions

71,380

Disposals

(50,192)

At 28 February 2015

201,513

Depreciation

At 1 March 2014

136,096

On disposals

(29,107)

Charge for the year

15,517

At 28 February 2015

122,506

Net book value

At 28 February 2015

79,007

At 28 February 2014

44,229

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £14,687 (2014 - £61,858).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £44,147 (2014 - £0).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company is Dust Control Systems Limited, a company registered in England and Wales.