COUNTERSETT_LIMITED - Accounts

COUNTERSETT LIMITED - Company Information

Print Friendly Version

Company Registration No. 02793995 (England and Wales)

COUNTERSETT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2015

COUNTERSETT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

COUNTERSETT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

363

455

Tangible assets

517

722

880

1,177

Current assets

Debtors

2,247

Cash at bank and in hand

1,916

1,290

1,924

3,537

Creditors: amounts falling due within one year

(1,806)

(3,511)

Net current assets

118

Total assets less current liabilities

998

1,203

Capital and reserves

Called up share capital

100

Profit and loss account

898

1,103

Shareholders' funds

998

1,203

For the financial period ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 December 2015

Mrs E Fothergill

Director

Company Registration No. 02793995

COUNTERSETT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% Reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014 & at 31 August 2015

650

4,015

4,665

Depreciation

At 1 April 2014

195

3,293

3,488

Charge for the period

205

297

At 31 August 2015

287

3,498

3,785

Net book value

At 31 August 2015

363

517

880

At 31 March 2014

455

722

1,177

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100