COURTNEY_SMITH_GROUP_LIMI - Accounts

COURTNEY SMITH GROUP LIMITED - Company Information

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Company Registration No. 04906917 (England and Wales)

COURTNEY SMITH GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

LB GROUP

82 East Hill

Colchester

Essex

CO1 2QW

COURTNEY SMITH GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

COURTNEY SMITH GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

11,331

12,881

Investments

862

12,193

13,743

Current assets

Debtors

83,541

67,902

Cash at bank and in hand

449,243

400,980

532,784

468,882

Creditors: amounts falling due within one year

(268,470)

(227,122)

Net current assets

264,314

241,760

Total assets less current liabilities

276,507

255,503

Provisions for liabilities

(2,250)

276,507

253,253

Capital and reserves

Called up share capital

195

Share premium account

12,935

Profit and loss account

263,377

240,123

Shareholders' funds

276,507

253,253

COURTNEY SMITH GROUP LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial year ended 30 September 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 18 April 2017

Mr D J Boyce

Mr T C Smith

Director

Company Registration No. 04906917

COURTNEY SMITH GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

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).

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:

Land and buildings Leasehold

over period of lease

Fixtures, fittings & equipment

25%/33% straight line

1.5

Leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease,

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Pensions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.9

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

COURTNEY SMITH GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 October 2015

107,462

862

108,324

Additions

4,581

Disposals

(333)

At 30 September 2016

111,710

862

112,572

Depreciation

At 1 October 2015

94,581

Charge for the year

5,798

At 30 September 2016

100,379

Net book value

At 30 September 2016

11,331

862

12,193

At 30 September 2015

12,881

862

13,743

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Courtney Smith Group (North) Limited

Ordinary

100.00

Courtney Smith Group (South West) Limited

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Courtney Smith Group (North) Limited

Dormant

9,759

Courtney Smith Group (South West) Limited

Dormant

COURTNEY SMITH GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

165 Ordinary of £1 each

165

10 A Ordinary of £1 each

10 B Ordinary of £1 each

10 C Ordinary of £1 each

195