Contiquip Limited - Limited company - abbreviated

REGISTERED NUMBER: 06965834 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

CONTIQUIP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Archer

G J Archer

REGISTERED OFFICE:

Unit 2 Mode Wheel Road

Salford

M5 2DQ

REGISTERED NUMBER:

06965834 (England and Wales)

ACCOUNTANTS:

M. S. Twist & Co. Limited

Chartered Certified Accountants

205A Ashley Road

Hale

Altrincham

Cheshire

WA15 9SQ

FIXED ASSETS

Tangible assets

2

1,011

1,259

CURRENT ASSETS

Stocks

22,893

20,344

Debtors

70,828

88,136

Cash at bank

2,682

21,064

96,403

129,544

CREDITORS

Amounts falling due within one year

(95,464

)

(148,639

)

NET CURRENT ASSETS/(LIABILITIES)

939

(19,095

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,950

(17,836

)

PROVISIONS FOR LIABILITIES

(202

)

(252

)

NET ASSETS/(LIABILITIES)

1,748

(18,088

)

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

1,745

(18,091

)

SHAREHOLDERS' FUNDS

1,748

(18,088

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 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 Board of Directors on 31 October 2014 and were signed on its behalf by:

G J Archer - 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 April 2008).

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 August 2013

and 31 July 2014

1,728

DEPRECIATION

At 1 August 2013

469

Charge for year

248

At 31 July 2014

717

NET BOOK VALUE

At 31 July 2014

1,011

At 31 July 2013

1,259

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

3

Ordinary

£1

3

4.	TRANSACTIONS WITH DIRECTORS

Mr N Archer provided a loan to the company of £194 in previous years and provided an additional loan of £250

in the year. The balance due to Mr Archer at the end of the year was £444 (2013; £194).

Mr G J Archer provided a loan to the company of £296 in the year which remains outstanding at the year end.

No interest has been charged on either loan. The loans are repayable on demand.

Mr N Archer was paid dividends totalling £2,950 in the year.

Mr G J Archer was paid dividends totalling £2,950 in the year.

Contiquip Limited - Limited company - abbreviated - 11.0.0

Contiquip Limited - Limited company - abbreviated - 11.0.0