Registered Number 06233069

CUP WINNERS LIMITED

Abbreviated Accounts

31 May 2013

CUP WINNERS LIMITED Registered Number 06233069

Abbreviated Balance Sheet as at 31 May 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 7,911 9,378
7,911 9,378
Current assets
Stocks 9,200 5,969
Debtors 53,844 64,262
Cash at bank and in hand 785 4,799
63,829 75,030
Creditors: amounts falling due within one year (73,034) (84,880)
Net current assets (liabilities) (9,205) (9,850)
Total assets less current liabilities (1,294) (472)
Provisions for liabilities (1,582) (1,876)
Total net assets (liabilities) (2,876) (2,348)
Capital and reserves
Called up share capital 3 150 150
Profit and loss account (3,026) (2,498)
Shareholders' funds (2,876) (2,348)
  • For the year ending 31 May 2013 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 27 February 2014

And signed on their behalf by:
P T Liberman, Director

CUP WINNERS LIMITED Registered Number 06233069

Notes to the Abbreviated Accounts for the period ended 31 May 2013

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 sales made 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 less residual value of each asset over its expected useful life as follows:
Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 33.33% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Stock
Stock is valued at the lower of cost and net realisable value.

2 Tangible fixed assets
£
Cost
At 1 June 2012 13,855
Additions 559
Disposals -
Revaluations -
Transfers -
At 31 May 2013 14,414
Depreciation
At 1 June 2012 4,477
Charge for the year 2,026
On disposals -
At 31 May 2013 6,503
Net book values
At 31 May 2013 7,911
At 31 May 2012 9,378
3 Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
50 A Ordinary shares of £1 each 50 50
100 B Ordinary shares of £1 each 100 100

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