The New Cavalier Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08651223 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

The New Cavalier Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Bewick

P D Jeffries

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

08651223 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Tangible assets

2

12,566

1,183

CURRENT ASSETS

Stocks

12,297

17,273

Debtors

2,628

3,205

Cash at bank and in hand

66,040

45,773

80,965

66,251

CREDITORS

Amounts falling due within one year

41,913

40,025

NET CURRENT ASSETS

39,052

26,226

TOTAL ASSETS LESS CURRENT
LIABILITIES

51,618

27,409

PROVISIONS FOR LIABILITIES

2,513

237

NET ASSETS

49,105

27,172

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

49,005

27,072

SHAREHOLDERS' FUNDS

49,105

27,172

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 April 2016 and were
signed on its behalf by:

P D Jeffries - Director

C Bewick - Director

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 January

2015).

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 etc

-

33% on cost and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

1,733

Additions

13,443

At 31 August 2015

15,176

DEPRECIATION

At 1 September 2014

550

Charge for year

2,060

At 31 August 2015

2,610

NET BOOK VALUE

At 31 August 2015

12,566

At 31 August 2014

1,183

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

100

Ordinary

1

100

4.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.