Coverdales Limited - Abbreviated accounts 16.3
Coverdales Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
COVERDALES LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
COVERDALES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
ABBREVIATED BALANCE SHEET |
30 JUNE 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
ABBREVIATED BALANCE SHEET - continued |
30 JUNE 2016 |
The financial statements were approved by the Board of Directors on |
COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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 |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
Additions |
Disposals | ( |
) |
At 30 June 2016 |
DEPRECIATION |
At 1 July 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 June 2016 |
NET BOOK VALUE |
At 30 June 2016 |
At 30 June 2015 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
COVERDALES LIMITED (REGISTERED NUMBER: 04757267) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2016 |
4. | GOING CONCERN |
The financial statements have been prepared on a going concern basis, notwithstanding net liabilities of £80,707 |
which the directors believe to be appropriate for the following reasons:- |
The company is dependent for its working capital on funds provided to it by its parent undertaking,SLO |
Holdings Limited. The directors of SLO Holdings Limited have confirmed that SLO Holdings Limited will |
continue to provide an undertaking that for at least 12 months from the date of approval for these financial |
statements, it will continue to make available such funds as needed by the company, and in particular it will not |
seek repayment of the amounts currently made available. This should enable the company to continue in |
operational existence for the foreseeable future by meeting its liabilities as they fall due for payment. As with any |
company placing reliance on other group entities for financial support, the directors acknowledge that there can |
be no certainty that this support will continue, although at the date of approval of these financial statements, they |
have no reason to believe that it will not do so. |
Based on this assurance the directors believe that it remains appropriate to prepare the financial statements on a |
going concern basis. The financial statements do not include any adjustments that would result from the basis of |
preparation being inappropriate. |