Cotswold and Vale Fencing and Landscape Supplies Limited - Period Ending 2014-02-28

Cotswold and Vale Fencing and Landscape Supplies Limited - Period Ending 2014-02-28


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Registration number: 4645065

Cotswold and Vale Fencing and Landscape Supplies Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2014
 

Aims Accountants for Business
Arthur Sampson FCA
Bramley Place
45 The Scarr
Newent
GL18 1DQ

 

Cotswold and Vale Fencing and Landscape Supplies Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cotswold and Vale Fencing and Landscape Supplies Limited
for the Year Ended 28 February 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cotswold and Vale Fencing and Landscape Supplies Limited for the year ended 28 February 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cotswold and Vale Fencing and Landscape Supplies Limited, as a body, in accordance with the terms of our engagement letterdated 25 September 2006. Our work has been undertaken solely to prepare for your approval the accounts of Cotswold and Vale Fencing and Landscape Supplies Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cotswold and Vale Fencing and Landscape Supplies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cotswold and Vale Fencing and Landscape Supplies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cotswold and Vale Fencing and Landscape Supplies Limited. You consider that Cotswold and Vale Fencing and Landscape Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cotswold and Vale Fencing and Landscape Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Aims Accountants for Business
Arthur Sampson FCA
Bramley Place
45 The Scarr
Newent
GL18 1DQ

17 November 2014

 

Cotswold and Vale Fencing and Landscape Supplies Limited
(Registration number: 4645065)
Abbreviated Balance Sheet at 28 February 2014

   

Note

   

2014
£

   

2013
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

20,238

   

16,253

 

Current assets

 

             

Stocks

 

   

133,500

   

93,484

 

Debtors

 

   

39,961

   

42,436

 

Cash at bank and in hand

 

   

967

   

-

 
   

   

174,428

   

135,920

 

Creditors: Amounts falling due within one year

 

   

(149,309)

   

(119,118)

 

Net current assets

 

   

25,119

   

16,802

 

Total assets less current liabilities

 

   

45,357

   

33,055

 

Creditors: Amounts falling due after more than one year

 

   

(5,014)

   

-

 

Net assets

 

   

40,343

   

33,055

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

40,243

   

32,955

 

Shareholders' funds

 

   

40,343

   

33,055

 

For the year ending 28 February 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 17 November 2014 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

 

Cotswold and Vale Fencing and Landscape Supplies Limited
(Registration number: 4645065)
Abbreviated Balance Sheet at 28 February 2014
......... continued

.........................................
Mr Simon Nicholas Dudfield
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

 

Cotswold and Vale Fencing and Landscape Supplies Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... 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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% of written down value

Fixtures and fittings

25% of written down value

Motor vehicles

25% of written down value

Stock

Stock 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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Cotswold and Vale Fencing and Landscape Supplies Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 March 2013

 

57,220

   

57,220

 

Additions

 

10,732

   

10,732

 

At 28 February 2014

 

67,952

   

67,952

 

Depreciation

           

At 1 March 2013

 

40,967

   

40,967

 

Charge for the year

 

6,747

   

6,747

 

At 28 February 2014

 

47,714

   

47,714

 

Net book value

           

At 28 February 2014

 

20,238

   

20,238

 

At 28 February 2013

 

16,253

   

16,253

 

3

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

100

   

100

   

100

   

100