Corvan Limited - Abbreviated accounts 16.1

Corvan Limited - Abbreviated accounts 16.1

CORVAN LIMITED - Company Information

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02444967 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure024449672014-12-31024449672015-12-31024449672015-01-012015-12-31024449672013-12-31024449672014-01-012014-12-31024449672014-12-3102444967ns12:England2015-01-012015-12-3102444967ns14:PoundSterling2015-01-012015-12-3102444967ns7:Director12015-01-012015-12-3102444967ns7:OrdinaryShareClass22015-01-012015-12-3102444967ns7:OrdinaryShareClass32015-01-012015-12-3102444967ns7:OrdinaryShareClass42015-01-012015-12-3102444967ns7:OrdinaryShareClass52015-01-012015-12-3102444967ns5:LandBuildings2015-01-012015-12-3102444967ns5:PlantMachinery2015-01-012015-12-3102444967ns7:OrdinaryShareClass22015-12-3102444967ns7:OrdinaryShareClass22014-12-3102444967ns7:OrdinaryShareClass32015-12-3102444967ns7:OrdinaryShareClass32014-12-3102444967ns7:OrdinaryShareClass42015-12-3102444967ns7:OrdinaryShareClass42014-12-3102444967ns7:OrdinaryShareClass52015-12-3102444967ns7:OrdinaryShareClass52014-12-31
REGISTERED NUMBER: 02444967 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

CORVAN LIMITED

CORVAN LIMITED (REGISTERED NUMBER: 02444967)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

CORVAN LIMITED (REGISTERED NUMBER: 02444967)

ABBREVIATED BALANCE SHEET
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 30,000
Tangible assets 3 645,963 680,618
645,963 710,618

CURRENT ASSETS
Stocks 635 675
Debtors 266,018 31,223
Cash at bank and in hand 39,703 193,019
306,356 224,917
CREDITORS
Amounts falling due within one year 46,300 82,911
NET CURRENT ASSETS 260,056 142,006
TOTAL ASSETS LESS CURRENT
LIABILITIES
906,019
852,624

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 905,919 852,524
SHAREHOLDERS' FUNDS 906,019 852,624

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 August 2016 and were signed on its behalf by:




Baljinder Singh Dulay - Director


The notes form part of these abbreviated accounts

Page 1
CORVAN LIMITED (REGISTERED NUMBER: 02444967)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 4% on revalued amount
Plant and machinery etc - 20% on cost

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 300,000
AMORTISATION
At 1 January 2015 270,000
Amortisation for year 30,000
At 31 December 2015 300,000
NET BOOK VALUE

At 31 December 2015 -
At 31 December 2014 30,000

Page 2 continued...
CORVAN LIMITED (REGISTERED NUMBER: 02444967)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 1,227,412
Additions 13,436
At 31 December 2015 1,240,848
DEPRECIATION
At 1 January 2015 546,794
Charge for year 48,091
At 31 December 2015 594,885
NET BOOK VALUE
At 31 December 2015 645,963
At 31 December 2014 680,618

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
45 Ordinary A £1 45 45
45 Ordinary B £1 45 45
5 Ordinary C £1 5 5
5 Ordinary D £1 5 5
100 100

Page 3