Coles Vending Limited - Limited company - abbreviated - 11.6

Coles Vending Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: SC240738 (Scotland)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

COLES VENDING LIMITED

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

COLES VENDING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2015







DIRECTOR: H Coles





SECRETARY: Mrs G I Coles





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC240738 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

ABBREVIATED BALANCE SHEET
31 March 2015

31.3.15 31.3.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 14,738 12,289

CURRENT ASSETS
Stocks 8,854 8,645
Debtors 86 86
Cash at bank and in hand 23,796 10,401
32,736 19,132
CREDITORS
Amounts falling due within one year 23,640 21,543
NET CURRENT ASSETS/(LIABILITIES) 9,096 (2,411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,834

9,878

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 23,833 9,877
SHAREHOLDERS' FUNDS 23,834 9,878

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 director acknowledges his 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 director on 15 September 2015 and were signed by:





H Coles - Director


COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2015

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 - 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.

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

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 42,729
Additions 7,416
Disposals (175 )
At 31 March 2015 49,970
DEPRECIATION
At 1 April 2014 30,440
Charge for year 4,912
Eliminated on disposal (120 )
At 31 March 2015 35,232
NET BOOK VALUE
At 31 March 2015 14,738
At 31 March 2014 12,289

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 31.3.14
value: £    £   
1 Ordinary 1 1 1

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 March 2015

4. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,400 (2014 - £5,700) were paid to the director .

The director of the company was owed £1,070 (2014-£638) at the year end. The maximum amount outstanding
during the year was £5,969.