Clandown Limited - Period Ending 2016-03-31

Clandown Limited - Period Ending 2016-03-31

CLANDOWN LIMITED - Company Information

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Clandown Limited 06362163 false true 2014-10-01 2016-03-31 2016-03-31 06362163 2014-10-01 2016-03-31 06362163 2016-03-31 06362163 uk-bus:CompanySecretaryDirector 2014-10-01 2016-03-31 06362163 uk-bus:EntityAccountantsOrAuditors 2014-10-01 2016-03-31 06362163 2014-09-30 06362163 2014-09-30 iso4217:GBP

Registration number: 06362163

Clandown Limited

Unaudited Abbreviated Accounts

for the Period from 1 October 2014 to 31 March 2016

 

C V Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Clandown Limited
(Registration number: 06362163)
Abbreviated Balance Sheet at 31 March 2016

   

Note

    

31 March 2016
£

    

30 September 2014
£

  

Current assets

  

             

Stock and work in progress

  

   

1,025,381

   

932,365

 

Debtors

  

   

838

   

841

 

Cash at bank and in hand

  

   

7,458

   

3,158

 
   

   

1,033,677

   

936,364

 

Creditors: Amounts falling due within one year

  

   

(1,095,120)

   

(917,369)

 

Net (liabilities)/assets

  

   

(61,443)

   

18,995

 

Capital and reserves

  

             

Called up share capital

 

   

20,002

   

20,002

 

Profit and loss account

  

   

(81,445)

   

(1,007)

 

Shareholders' (deficit)/funds

  

   

(61,443)

   

18,995

 

The notes on page 3 form an integral part of these financial statements.
Page 1

 

Clandown Limited
(Registration number: 06362163)
Abbreviated Balance Sheet at 31 March 2016
......... continued

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 23 June 2017 and signed on its behalf by:

.........................................
Mr J P Gallagher
Company secretary and director

The notes on page 3 form an integral part of these financial statements.
Page 2

 

Clandown Limited
Notes to the Abbreviated Accounts for the Period from 1 October 2014 to 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3