Abbreviated Company Accounts - COTSWOLD EDGE ENTERPRISE LIMITED

Abbreviated Company Accounts - COTSWOLD EDGE ENTERPRISE LIMITED

COTSWOLD EDGE ENTERPRISE LIMITED - Company Information

Print Friendly Version

Registered Number 03265712

COTSWOLD EDGE ENTERPRISE LIMITED

Abbreviated Accounts

31 December 2013

COTSWOLD EDGE ENTERPRISE LIMITED Registered Number 03265712

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 253 507
253 507
Current assets
Stocks 3,125 2,058
Debtors 514 449
Cash at bank and in hand 6,509 6,573
10,148 9,080
Creditors: amounts falling due within one year (4,494) (3,220)
Net current assets (liabilities) 5,654 5,860
Total assets less current liabilities 5,907 6,367
Total net assets (liabilities) 5,907 6,367
Reserves
Income and expenditure account 5,907 6,367
Members' funds 5,907 6,367
  • For the year ending 31 December 2013 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 3 April 2014

And signed on their behalf by:
T S Sexton, Director

COTSWOLD EDGE ENTERPRISE LIMITED Registered Number 03265712

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Fixed assets are shown at historical cost.

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery Reducing balance 25%
Fixtures and fittings Reducing balance 50%
Equipment Reducing balance 50%

Other accounting policies
Stocks

Stocks are stated at the lower of cost and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first-in, first-out basis, including transport.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 January 2013 5,903
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 5,903
Depreciation
At 1 January 2013 5,396
Charge for the year 254
On disposals -
At 31 December 2013 5,650
Net book values
At 31 December 2013 253
At 31 December 2012 507