Citrosoft Drinks (Midlands) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01735197 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

CITROSOFT DRINKS (MIDLANDS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R P Haslam

Mrs C L Raine

M J Raine

SECRETARY:

Mrs C L Raine

REGISTERED OFFICE:

Suite No 2, Centre Court

Vine Lane

Halesowen

West Midlands

B63 3EB

REGISTERED NUMBER:

01735197 (England and Wales)

ACCOUNTANTS:

Bowker, Stevens & Co

Suite No. 2, Centre Court

Vine Lane

Halesowen

West Midlands

B63 3EB

FIXED ASSETS

Tangible assets

2

98,161

97,830

CURRENT ASSETS

Stocks

27,121

15,827

Debtors

25,650

26,869

Cash at bank

46,917

48,395

99,688

91,091

CREDITORS

Amounts falling due within one year

3

47,325

39,580

NET CURRENT ASSETS

52,363

51,511

TOTAL ASSETS LESS CURRENT LIABILITIES

150,524

149,341

CREDITORS

Amounts falling due after more than one year

3

45,524

52,231

NET ASSETS

105,000

97,110

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

104,000

96,110

SHAREHOLDERS' FUNDS

105,000

97,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 21 August 2015 and were signed on its behalf by:

R P Haslam - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Since the year end, the company has completed a cost reduction programme and has made a profit since the year

end. The company produces forecasts which are updated on a monthly basis and expects to continue trading

profitably for the foreseeable future. As a result, the directors have concluded that there are no material

uncertainties that may cast significant doubt on the company's ability to continue as a going concern, and hence

have adopted the going concern basis for preparing these financial statements..

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 sales of goods and services made net of trade discounts, VAT and other related taxes. All

sales are attributable to the UK.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Dispensers

-

20% on cost

Fixtures, fittings & equipment

-

20% on cost

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

206,320

Additions

15,810

Disposals

(10,208

)

At 31 March 2015

211,922

DEPRECIATION

At 1 April 2014

108,490

Charge for year

15,479

Eliminated on disposal

(10,208

)

At 31 March 2015

113,761

NET BOOK VALUE

At 31 March 2015

98,161

At 31 March 2014

97,830

3.

CREDITORS

Creditors include an amount of £ 30,575 (31.3.14 - £ 30,575 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

£

Repayable otherwise than by instalments

30,575

30,575

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000