Abbreviated Company Accounts - CAMBIO PROJECTS LTD

Abbreviated Company Accounts - CAMBIO PROJECTS LTD

CAMBIO PROJECTS LTD - Company Information

Print Friendly Version

Registered Number SC395114

CAMBIO PROJECTS LTD

Abbreviated Accounts

31 March 2014

CAMBIO PROJECTS LTD Registered Number SC395114

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 3,360 3,305
3,360 3,305
Current assets
Debtors 18,831 39,550
Cash at bank and in hand 1,594 1,110
20,425 40,660
Creditors: amounts falling due within one year (14,085) (17,801)
Net current assets (liabilities) 6,340 22,859
Total assets less current liabilities 9,700 26,164
Total net assets (liabilities) 9,700 26,164
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,699 26,163
Shareholders' funds 9,700 26,164
  • For the year ending 31 March 2014 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 5 August 2014

And signed on their behalf by:
Christopher Dalrymple, Director

CAMBIO PROJECTS LTD Registered Number SC395114

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
The company has taken advantage of the exemption, conferred by the Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Computer equipment: 33% on straight line
Equipment, fixtures and fittings 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2013 4,492
Additions 1,931
Disposals -
Revaluations -
Transfers -
At 31 March 2014 6,423
Depreciation
At 1 April 2013 1,187
Charge for the year 1,876
On disposals -
At 31 March 2014 3,063
Net book values
At 31 March 2014 3,360
At 31 March 2013 3,305