Cotswold and Vale Fencing and Landscape Supplies Limited - Period Ending 2015-02-28

Cotswold and Vale Fencing and Landscape Supplies Limited - Period Ending 2015-02-28


Cotswold and Vale Fencing and Landscape Supplies Limited 4645065 false true 2014-03-01 2015-02-28 2015-02-28 4645065 2014-03-01 2015-02-28 4645065 2015-02-28 4645065 uk-bus:OrdinaryShareClass1 2015-02-28 4645065 uk-bus:Director2 2014-03-01 2015-02-28 4645065 uk-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 4645065 uk-bus:EntityAccountantsOrAuditors 2014-03-01 2015-02-28 4645065 uk-gaap:FixturesFittings 2014-03-01 2015-02-28 4645065 uk-gaap:MotorCars 2014-03-01 2015-02-28 4645065 uk-gaap:PlantMachinery 2014-03-01 2015-02-28 4645065 2014-02-28 4645065 2014-02-28 4645065 uk-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP xbrli:shares

Registration number: 4645065

Cotswold and Vale Fencing and Landscape Supplies Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

Aims Accountants for Business
Arthur Sampson FCA
Bramley Place
45 The Scarr
Newent
GL18 1DQ

 

Cotswold and Vale Fencing and Landscape Supplies Limited
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 Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cotswold and Vale Fencing and Landscape Supplies Limited
for the Year Ended 28 February 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cotswold and Vale Fencing and Landscape Supplies Limited for the year ended 28 February 2015 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cotswold and Vale Fencing and Landscape Supplies Limited, as a body, in accordance with the terms of our engagement letterdated 25 September 2006. Our work has been undertaken solely to prepare for your approval the accounts of Cotswold and Vale Fencing and Landscape Supplies Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cotswold and Vale Fencing and Landscape Supplies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cotswold and Vale Fencing and Landscape Supplies Limited 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 Cotswold and Vale Fencing and Landscape Supplies Limited. You consider that Cotswold and Vale Fencing and Landscape Supplies Limited 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 Cotswold and Vale Fencing and Landscape Supplies Limited. 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.

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

Aims Accountants for Business
Arthur Sampson FCA
Bramley Place
45 The Scarr
Newent
GL18 1DQ

18 November 2015

 

Cotswold and Vale Fencing and Landscape Supplies Limited
(Registration number: 4645065)
Abbreviated Balance Sheet at 28 February 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

19,478

   

20,238

 

Current assets

 

             

Stocks

 

   

175,000

   

133,500

 

Debtors

 

   

35,266

   

39,961

 

Cash at bank and in hand

 

   

2,965

   

967

 
   

   

213,231

   

174,428

 

Creditors: Amounts falling due within one year

 

   

(173,298)

   

(149,309)

 

Net current assets

 

   

39,933

   

25,119

 

Total assets less current liabilities

 

   

59,411

   

45,357

 

Creditors: Amounts falling due after more than one year

 

   

(3,047)

   

(5,014)

 

Net assets

 

   

56,364

   

40,343

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

56,264

   

40,243

 

Shareholders' funds

 

   

56,364

   

40,343

 

For the year ending 28 February 2015 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 18 November 2015 and signed on its behalf by:

.........................................
Mr Simon Nicholas Dudfield
Director

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

 

Cotswold and Vale Fencing and Landscape Supplies Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... 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

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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

25% of written down value

Fixtures and fittings

25% of written down value

Motor vehicles

25% of written down 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.

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.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

 

Cotswold and Vale Fencing and Landscape Supplies Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 March 2014

 

67,952

   

67,952

 

Additions

 

5,733

   

5,733

 

At 28 February 2015

 

73,685

   

73,685

 

Depreciation

           

At 1 March 2014

 

47,714

   

47,714

 

Charge for the year

 

6,493

   

6,493

 

At 28 February 2015

 

54,207

   

54,207

 

Net book value

           

At 28 February 2015

 

19,478

   

19,478

 

At 28 February 2014

 

20,238

   

20,238

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100