COMWORKS_LIMITED - Accounts


Company Registration No. 04417801 (England and Wales)
COMWORKS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
COMWORKS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
COMWORKS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
26,876
29,953
Current assets
Debtors
20,490
3,494
Cash at bank and in hand
1,682
24,446
22,172
27,940
Creditors: amounts falling due within one year
(65,079)
(78,485)
Net current liabilities
(42,907)
(50,545)
Total assets less current liabilities
(16,031)
(20,592)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(16,033)
(20,594)
Shareholders'  funds
(16,031)
(20,592)
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 January 2017
Stephen Bradbury
Director
Company Registration No. 04417801
COMWORKS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Although total liabilities exceed total assets at the year end, the directors feel that the company can continue to meet its day to day working capital requirements with the expected cash flow.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
Straight line between 3 and 8 years
Fixtures, fittings & equipment
Straight line between 5 years and 10 years
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
281,622
Additions
10,608
At 30 April 2016
292,230
Depreciation
At 1 May 2015
251,669
Charge for the year
13,685
At 30 April 2016
265,354
Net book value
At 30 April 2016
26,876
At 30 April 2015
29,953
COMWORKS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2Ordinary shares of £1 each
2
2
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