Contraflor (CFS) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02643180 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

Contraflor (Contract Flooring Services)

Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

R Rowe

N J Gilding

G T Hooson

SECRETARY:

N J Gilding

REGISTERED OFFICE:

Suite 1, Armcon Business Park

London Road South

Poynton

Stockport

Cheshire

SK12 1LQ

REGISTERED NUMBER:

02643180 (England and Wales)

ACCOUNTANTS:

Nolan James Limited

Chartered Accountants

Suite 1

Armcon Business Park

London Road South

Poynton

Cheshire

SK12 1LQ

FIXED ASSETS

Tangible assets

2

432,699

463,596

CURRENT ASSETS

Stocks

168,914

142,564

Debtors

907,841

1,441,870

Cash at bank and in hand

448,198

157,103

1,524,953

1,741,537

CREDITORS

Amounts falling due within one year

589,446

808,725

NET CURRENT ASSETS

935,507

932,812

TOTAL ASSETS LESS CURRENT LIABILITIES

1,368,206

1,396,408

PROVISIONS FOR LIABILITIES

7,451

5,730

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,360,655

1,390,578

SHAREHOLDERS' FUNDS

1,360,755

1,390,678

1,368,206

1,396,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 5 January 2017 and were signed on its behalf by:

N J Gilding - 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, 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.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

Depreciation of leasehold property

In accordance with the Companies Act 1985 Leasehold buildings should be reduced by provision for depreciation

calculated to write off the cost systematically over the property's useful economic life. The directors do not consider that the

systematic depreciation of the property would give a true and fair view of the state of affairs of the company because the

property is maintained to such a standard that no depreciation is required.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

891,780

Additions

16,627

At 30 April 2016

908,407

DEPRECIATION

At 1 May 2015

428,184

Charge for year

47,524

At 30 April 2016

475,708

NET BOOK VALUE

At 30 April 2016

432,699

At 30 April 2015

463,596

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

100

Ordinary Shares

£1

100

100

The following reproduces the text of the report prepared for the directors 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Contraflor (Contract Flooring Services) Ltd for the year ended 30 April 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Contraflor (Contract Flooring Services) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Contraflor (Contract Flooring Services) Ltd and state those matters that we have agreed to state to the Board of Directors of Contraflor (Contract Flooring Services) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Contraflor (Contract Flooring Services) Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Contraflor (Contract Flooring Services) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Contraflor (Contract Flooring Services) Ltd. You consider that Contraflor (Contract Flooring Services) Ltd 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 financial statements of Contraflor (Contract Flooring Services) Ltd. 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 financial statements.

Nolan James Limited

Chartered Accountants

Suite 1

Armcon Business Park

London Road South

Poynton

Cheshire

SK12 1LQ

5 January 2017