Consort Architectural Hardware Ltd - Period Ending 2014-12-31

Registration number: 02735915

Consort Architectural Hardware Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Consort Architectural Hardware Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Consort Architectural Hardware Ltd
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Consort Architectural Hardware Ltd for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional- standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Consort Architectural Hardware Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Consort Architectural Hardware Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical _factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Consort Architectural Hardware Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Consort Architectural Hardware Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Consort Architectural Hardware Ltd. You consider that Consort Architectural Hardware Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Consort Architectural Hardware Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Devereux & Hunt Ltd
Certified Accountants
29 Basepoint Business Centre
Oakfield Close
Tewkesbury
Glos
GL20 8SD

8 June 2015

Page 1

Consort Architectural Hardware Ltd
(Registration number: 02735915)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					16,360			20,450
Investments					2,500			2,500
					18,860			22,950
Current assets
Stocks					463,841			513,972
Debtors					492,239			377,923
Cash at bank and in hand					858,226			874,705
					1,814,306			1,766,600
Creditors: Amounts falling due within one year					(549,806)			(636,076)
Net current assets					1,264,500			1,130,524
Net assets					1,283,360			1,153,474
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					1,283,260			1,153,374
Shareholders' funds					1,283,360			1,153,474

For the year ending 31 December 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 8 June 2015 and signed on its behalf by:

.........................................
Mr B May
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Consort Architectural Hardware Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

No material uncertainties that cast insignificant doubt about the ability of the company to contnue as a going concern have been identified by the directors.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue is recognised when goods are delivered to the customer.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Fixtures and fittings	20% reducing balance
Motor vehicles	20% reducing balance

Research and development

Research and development expenditure is written off as incurred.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Consort Architectural Hardware Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2014		62,430			2,500			64,930
At 31 December 2014		62,430			2,500			64,930
Depreciation
At 1 January 2014		41,980			-			41,980
Charge for the year		4,090			-			4,090
At 31 December 2014		46,070			-			46,070
Net book value
At 31 December 2014		16,360			2,500			18,860
At 31 December 2013		20,450			2,500			22,950

3	Share capital

Allotted, called up and fully paid shares

	2014		2013
	No.	£	No.	£
Ordinary A shares of £1.00 each	55	55	55	55
Ordinary B shares of £1.00 each	25	25	25	25
Ordinary C shares of £1.00 each	4	4	4	4
Ordinary D shares of £1.00 each	4	4	4	4
Ordinary E shares of £1.00 each	4	4	4	4
Ordinary F shares of £1.00 each	4	4	4	4
Ordinary G shares of £1.00 each	4	4	4	4
	100	100	100	100

All intercompany trading was carried out on commercial terms and at normal rates.

Page 4