Cornish Signs (Herts) Limited - Accounts to registrar - small 17.1

Cornish Signs (Herts) Limited - Accounts to registrar - small 17.1

CORNISH SIGNS (HERTS) LIMITED - Company Information

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REGISTERED NUMBER: 08282032 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CORNISH SIGNS (HERTS) LIMITED

CORNISH SIGNS (HERTS) LIMITED (REGISTERED NUMBER: 08282032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CORNISH SIGNS (HERTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: B P Cornish
Ms C Sharp
R Cornish





SECRETARY: A J Company Formations Limited





REGISTERED OFFICE: The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE





REGISTERED NUMBER: 08282032 (England and Wales)





ACCOUNTANTS: Ashley James Limited
The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE
Page 1
CORNISH SIGNS (HERTS) LIMITED (REGISTERED NUMBER: 08282032)

BALANCE SHEET
31 DECEMBER 2016

31/12/16 31/12/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,397 4,443

CURRENT ASSETS
Stocks 2,200 2,475
Debtors 5 50,178 53,099
Cash at bank 107,784 97,696
160,162 153,270
CREDITORS
Amounts falling due within one year 6 58,766 77,883
NET CURRENT ASSETS 101,396 75,387
TOTAL ASSETS LESS CURRENT
LIABILITIES
104,793
79,830

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 104,693 79,730
SHAREHOLDERS' FUNDS 104,793 79,830

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 April 2017 and were signed on its behalf by:





B P Cornish - Director


The notes form part of these financial statements

Page 2
CORNISH SIGNS (HERTS) LIMITED (REGISTERED NUMBER: 08282032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Cornish Signs (Herts) Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 25% on reducing balance, 25% on cost and 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3 continued...
CORNISH SIGNS (HERTS) LIMITED (REGISTERED NUMBER: 08282032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 9,070
Additions 253
At 31 December 2016 9,323
DEPRECIATION
At 1 January 2016 4,627
Charge for year 1,299
At 31 December 2016 5,926
NET BOOK VALUE
At 31 December 2016 3,397
At 31 December 2015 4,443

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Trade debtors 48,225 50,515
Other debtors 1,953 2,584
50,178 53,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/16 31/12/15
£    £   
Trade creditors 20,050 22,022
Taxation and social security 21,874 29,037
Other creditors 16,842 26,824
58,766 77,883

Page 4