Coles Vending Limited - Abbreviated accounts 16.1

Coles Vending Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: SC240738 (Scotland)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

COLES VENDING LIMITED

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

COLES VENDING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2016







DIRECTOR: H Coles





SECRETARY: Mrs G I Coles





REGISTERED OFFICE: 27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC240738 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

ABBREVIATED BALANCE SHEET
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 17,197 14,738

CURRENT ASSETS
Stocks 8,508 8,854
Debtors 70 86
Cash at bank and in hand 22,205 23,796
30,783 32,736
CREDITORS
Amounts falling due within one year 17,444 23,640
NET CURRENT ASSETS 13,339 9,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,536

23,834

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 30,535 23,833
SHAREHOLDERS' FUNDS 30,536 23,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 September 2016 and were signed by:





H Coles - Director


COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016

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 - 25% on reducing balance
Motor vehicles - 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 49,970
Additions 12,745
Disposals (8,798 )
At 31 March 2016 53,917
DEPRECIATION
At 1 April 2015 35,232
Charge for year 5,732
Eliminated on disposal (4,244 )
At 31 March 2016 36,720
NET BOOK VALUE
At 31 March 2016 17,197
At 31 March 2015 14,738

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
1 Ordinary 1 1 1

COLES VENDING LIMITED (REGISTERED NUMBER: SC240738)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 March 2016

4. RELATED PARTY DISCLOSURES

During the year, total dividends of £19,500 (2015 - £5,400) were paid to the director .

The director of the company was owed £2,465 (2015-£1,070) at the year end. The maximum amount
outstanding during the year was £10,793.