Abbreviated Company Accounts - C.C. WILLIAMS LIMITED

Abbreviated Company Accounts - C.C. WILLIAMS LIMITED


Registered Number 00491616

C.C. WILLIAMS LIMITED

Abbreviated Accounts

31 March 2014

C.C. WILLIAMS LIMITED Registered Number 00491616

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 586,172 586,220
Investments 3 100 100
586,272 586,320
Current assets
Cash at bank and in hand 2,021 3,377
2,021 3,377
Creditors: amounts falling due within one year 4 (351,135) (355,916)
Net current assets (liabilities) (349,114) (352,539)
Total assets less current liabilities 237,158 233,781
Creditors: amounts falling due after more than one year 4 (126,975) (134,205)
Total net assets (liabilities) 110,183 99,576
Capital and reserves
Called up share capital 5 1,500 1,500
Other reserves 56,614 56,614
Profit and loss account 52,069 41,462
Shareholders' funds 110,183 99,576
  • 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 24 December 2014

And signed on their behalf by:
J. C. Williams, Director

C.C. WILLIAMS LIMITED Registered Number 00491616

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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of rents received during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:

Land and buildings - Investment properties not depreciated
Plant and machinery - 15% reducing balance

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay les or to receive more, tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 April 2013 613,347
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 613,347
Depreciation
At 1 April 2013 27,127
Charge for the year 48
On disposals -
At 31 March 2014 27,175
Net book values
At 31 March 2014 586,172
At 31 March 2013 586,220

3Fixed assets Investments
The company holds 100% of the issued share capital of Clinisystems Limited, a dormant company registered in England and Wales. The capital and reserves of Clinisystems Limited at 31st March 2014 was £100.

4Creditors
2014
£
2013
£
Secured Debts 126,975 134,205
5Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1,500 Ordinary shares of £1 each 1,500 1,500