Cutting-edge Design & Construction Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06133431 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

CUTTING-EDGE DESIGN & CONSTRUCTION

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

R J Huntsman

SECRETARY:

P R Huntsman

REGISTERED OFFICE:

Lexham House

Forest Road

Binfield

Bracknell

Berkshire

RG42 4HP

REGISTERED NUMBER:

06133431 (England and Wales)

ACCOUNTANTS:

Harlows Accountants

Lexham House Forest Road

Binfield

Bracknell

Berkshire

RG42 4HP

BANKERS:

HSBC Bank plc

9 High Street

Bracknell

Berkshire

RG12 1DN

FIXED ASSETS

Intangible assets

2

7,200

10,800

Tangible assets

3

18,226

21,242

25,426

32,042

CURRENT ASSETS

Stocks

20,250

24,600

Debtors

20,085

2,517

Cash at bank

21,713

11,028

62,048

38,145

CREDITORS

Amounts falling due within one year

14,388

8,267

NET CURRENT ASSETS

47,660

29,878

TOTAL ASSETS LESS CURRENT LIABILITIES

73,086

61,920

CREDITORS

Amounts falling due after more than one year

58,830

62,270

NET ASSETS/(LIABILITIES)

14,256

(350

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and Loss Account

13,256

(1,350

)

SHAREHOLDERS' FUNDS

14,256

(350

)

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 22 December 2016 and were signed by:

R J Huntsman - Director

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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 April 2015

and 31 March 2016

36,000

AMORTISATION

At 1 April 2015

25,200

Amortisation for year

3,600

At 31 March 2016

28,800

NET BOOK VALUE

At 31 March 2016

7,200

At 31 March 2015

10,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

36,481

Additions

3,599

At 31 March 2016

40,080

DEPRECIATION

At 1 April 2015

15,239

Charge for year

6,615

At 31 March 2016

21,854

NET BOOK VALUE

At 31 March 2016

18,226

At 31 March 2015

21,242

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	GOING CONCERN

The total aggregate amount stated for liabilities on the balance sheet £52,833 exceeds the total aggregate amount

stated for assets by £7,956. The total amount stated for liabilities includes a director's loan of £46,000 for which

repayment will not be claimed in the foreseeable future.Therefore the director considers the company continues to

trade as a going concern and that the financial statements have been correctly prepared on this basis.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Harlows Accountants

Lexham House Forest Road

Binfield

Bracknell

Berkshire

RG42 4HP

22 December 2016