Abbreviated Company Accounts

CPK IC LIMITED Registered Number 05653038

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	70,000	80,000
Tangible assets	3	3,325	1,098
		73,325	81,098
Current assets
Stocks		327,040	208,545
Debtors		141,305	53,108
Cash at bank and in hand		6,598	6,341
		474,943	267,994
Creditors: amounts falling due within one year		(494,057)	(289,038)
Net current assets (liabilities)		(19,114)	(21,044)
Total assets less current liabilities		54,211	60,054
Total net assets (liabilities)		54,211	60,054
Capital and reserves
Called up share capital	4	4	4
Profit and loss account		54,207	60,050
Shareholders' funds		54,211	60,054

For the year ending 31 December 2015 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 29 September 2016

And signed on their behalf by:
Mr Kevin Piper, Director

CPK IC LIMITED Registered Number 05653038

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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:
Fixtures, fittings and equipment - 25% Reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
The company is controlled by Mr Kevin Piper, the company's Managing Director, it is confirmed that Director current account is debited with personal transactions and credited with Directors Remuneration.

2Intangible fixed assets

	£
Cost
At 1 January 2015	100,000
Additions	0
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	100,000
Amortisation
At 1 January 2015	20,000
Charge for the year	10,000
On disposals	-
At 31 December 2015	30,000
Net book values
At 31 December 2015	70,000
At 31 December 2014	80,000

3Tangible fixed assets

	£
Cost
At 1 January 2015	3,052
Additions	3,336
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	6,388
Depreciation
At 1 January 2015	1,954
Charge for the year	1,109
On disposals	-
At 31 December 2015	3,063
Net book values
At 31 December 2015	3,325
At 31 December 2014	1,098

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
4 Ordinary shares of £1 each	4	4