Cottage Restorations Limited - Period Ending 2016-03-31

Registration number: 05046774

Cottage Restorations Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

J S Weeks & Co
41 St John's Street
Devizes
Wiltshire
SN10 1BL

Cottage Restorations Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cottage Restorations Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cottage Restorations Limited for the year ended 31 March 2016 set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Cottage Restorations Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Cottage Restorations Limited and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cottage Restorations Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cottage Restorations Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cottage Restorations Limited. You consider that Cottage Restorations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cottage Restorations Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

J S Weeks & Co
41 St John's Street
Devizes
Wiltshire
SN10 1BL

9 December 2016

Page 1

Cottage Restorations Limited
(Registration number: 05046774)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					142,362			142,362
Current assets
Cash at bank and in hand					2,894			4,608
Creditors: Amounts falling due within one year					(48,938)			(53,223)
Net current liabilities					(46,044)			(48,615)
Total assets less current liabilities					96,318			93,747
Creditors: Amounts falling due after more than one year					(81,370)			(81,370)
Net assets					14,948			12,377
Capital and reserves
Called up share capital		4			1			1
Profit and loss account					14,947			12,376
Shareholders' funds					14,948			12,377

For the year ending 31 March 2016 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 director acknowledges his 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 director on 9 December 2016

.........................................
J S Unsworth
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Cottage Restorations Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		142,362			142,362
At 31 March 2016		142,362			142,362
Depreciation
At 31 March 2016		-			-
Net book value
At 31 March 2016		142,362			142,362
At 31 March 2015		142,362			142,362

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		81,370			81,370

Page 3

Cottage Restorations Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 4