Classic Home Improvements Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07885605 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Classic Home Improvements Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P J Beynon

SECRETARY:

P J Beynon

REGISTERED OFFICE:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

REGISTERED NUMBER:

07885605 (England and Wales)

ACCOUNTANTS:

Baines & Co

46 Rolle Street

Exmouth

Devon

EX8 2SQ

BANKERS:

The Co-operative Bank plc

Central commercial branch

PO Box 250

Skelmerdale

WN8 6WT

FIXED ASSETS

Tangible assets

2

29,662

34,142

CURRENT ASSETS

Stocks

39,164

23,044

Debtors

33,585

28,802

Cash at bank and in hand

8,449

10,267

81,198

62,113

CREDITORS

Amounts falling due within one year

96,361

84,767

NET CURRENT LIABILITIES

(15,163

)

(22,654

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,499

11,488

CREDITORS

Amounts falling due after more than one year

10,000

10,000

NET ASSETS

4,499

1,488

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

3,499

488

SHAREHOLDERS' FUNDS

4,499

1,488

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 December 2014 and were signed by:

P J Beynon - 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.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

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 April 2013

and 31 March 2014

37,500

DEPRECIATION

At 1 April 2013

3,358

Charge for year

4,480

At 31 March 2014

7,838

NET BOOK VALUE

At 31 March 2014

29,662

At 31 March 2013

34,142

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1,000

ordinary

1

1,000

1,000