CMB Maintenance Services Limited - Period Ending 2014-12-31

Registration number: 05637791

CMB Maintenance Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

CMB Maintenance Services Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

CMB Maintenance Services Limited
(Registration number: 05637791)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			(As restated) 2013 £
Fixed assets
Tangible fixed assets		2			122,820			127,880
Current assets
Stocks					20,783			18,894
Debtors					193,259			189,720
Cash at bank and in hand					145,772			103,641
					359,814			312,255
Creditors: Amounts falling due within one year					(291,870)			(260,285)
Net current assets					67,944			51,970
Total assets less current liabilities					190,764			179,850
Creditors: Amounts falling due after more than one year					(32,791)			(40,823)
Net assets					157,973			139,027
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					157,873			138,927
Shareholders' funds					157,973			139,027

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 29 September 2015 and signed on its behalf by:

.........................................
Mr S Borley
Director

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

Page 1

CMB Maintenance Services Limited
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).

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

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
Land and buildings	Straight line over fifty years
Fixtures, fittings and equipment	20% straight line
Motor vehicles	25% straight line

Work in progress

Work in progress 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

CMB Maintenance Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		180,604			180,604
At 31 December 2014		180,604			180,604
Depreciation
At 1 January 2014		52,724			52,724
Charge for the year		5,060			5,060
At 31 December 2014		57,784			57,784
Net book value
At 31 December 2014		122,820			122,820
At 31 December 2013		127,880			127,880

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		8,033			8,032
Amounts falling due after more than one year		32,791			40,823
Total secured creditors		40,824			48,855

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3