Abbreviated Company Accounts - DAVID C. COX & COMPANY LIMITED

Abbreviated Company Accounts - DAVID C. COX & COMPANY LIMITED

DAVID C. COX & COMPANY LIMITED - Company Information

Print Friendly Version

Registered Number 02263498

DAVID C. COX & COMPANY LIMITED

Abbreviated Accounts

31 March 2016

DAVID C. COX & COMPANY LIMITED Registered Number 02263498

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,434 1,492
1,434 1,492
Current assets
Debtors 48,925 63,773
Cash at bank and in hand 55,971 46,445
104,896 110,218
Creditors: amounts falling due within one year (34,609) (50,729)
Net current assets (liabilities) 70,287 59,489
Total assets less current liabilities 71,721 60,981
Provisions for liabilities (287) (298)
Total net assets (liabilities) 71,434 60,683
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 71,432 60,681
Shareholders' funds 71,434 60,683
  • 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 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 19 December 2016

And signed on their behalf by:
Michael Cox, Director

DAVID C. COX & COMPANY LIMITED Registered Number 02263498

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

Turnover policy
Turnover consists of the invoiced value (excluding VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as a principal.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost, less estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to receivable amount. Any such write down would be charged to operating profit.

Plant & Machinery 25.0% Reducing Balance
Computers 25.0% Reducing Balance
Fixtures, fittings & Office Equipment 25.0% Reducing Balance

Other accounting policies
Pension Costs
Contributions in respect of the company's defined contribution pension scheme are charged to profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid are shown as either accruals or prepayments at the year end.

Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets
£
Cost
At 1 April 2015 9,888
Additions 421
Disposals -
Revaluations -
Transfers -
At 31 March 2016 10,309
Depreciation
At 1 April 2015 8,396
Charge for the year 479
On disposals -
At 31 March 2016 8,875
Net book values
At 31 March 2016 1,434
At 31 March 2015 1,492
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2

4Transactions with directors

Name of director receiving advance or credit: M T Cox
Description of the transaction: Loan
Balance at 1 April 2015: £ 0
Advances or credits made: £ 15,000
Advances or credits repaid: -
Balance at 31 March 2016: £ 15,000

The loan was repaid in full on 30/09/2016