The New Cavalier Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08651223 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

The New Cavalier Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Bewick

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

08651223 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Tangible assets

2

8,798

12,566

CURRENT ASSETS

Stocks

7,321

12,297

Debtors

4,226

2,628

Cash at bank and in hand

90,840

66,040

102,387

80,965

CREDITORS

Amounts falling due within one year

33,082

41,913

NET CURRENT ASSETS

69,305

39,052

TOTAL ASSETS LESS CURRENT LIABILITIES

78,103

51,618

PROVISIONS FOR LIABILITIES

1,760

2,513

NET ASSETS

76,343

49,105

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

76,243

49,005

SHAREHOLDERS' FUNDS

76,343

49,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 February 2017 and were signed by:

C Bewick - 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.

Plant and machinery etc

-

33% on cost and 25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

15,176

Additions

290

At 31 August 2016

15,466

DEPRECIATION

At 1 September 2015

2,610

Charge for year

4,058

At 31 August 2016

6,668

NET BOOK VALUE

At 31 August 2016

8,798

At 31 August 2015

12,566

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE CONTROLLING PARTY

The shareholders