REGISTERED NUMBER: 04677397 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

CBS (ELY) LTD

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

D J Massot

SECRETARY:

S Kundi

REGISTERED OFFICE:

King's View House

3 Bartholomew's Walk

Cambridgeshire Business Park

Ely

Cambs.

CB7 4EA

REGISTERED NUMBER:

04677397 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton (Newmarket) Limited

Chartered Certified Accountants

90 High Street

Newmarket

Suffolk

CB8 8FE

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to seven)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of CBS (Ely) Ltd for the year ended 30 June 2014 which comprise the Profit and Loss Account, the

Balance Sheet, and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of CBS (Ely) Ltd in accordance with our terms of engagement. Our work has

been undertaken solely to prepare for your approval the financial statements of CBS (Ely) Ltd and state those matters

that we have agreed to state to the director of CBS (Ely) Ltd in this report in accordance with the requirements of the

Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for

our work or for this report.

It is your duty to ensure that CBS (Ely) Ltd has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and profit of CBS (Ely) Ltd. You

consider that CBS (Ely) Ltd 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 financial statements of CBS (Ely) Ltd. 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 financial statements.

Hardcastle Burton (Newmarket) Limited

Chartered Certified Accountants

90 High Street

Newmarket

Suffolk

CB8 8FE

31 March 2015

FIXED ASSETS

Tangible assets

2

-

85,518

Investments

3

71

71

71

85,589

CURRENT ASSETS

Stocks

-

30,730

Debtors

27

367,977

Cash at bank and in hand

-

707,663

27

1,106,370

CREDITORS

Amounts falling due within one year

-

337,492

NET CURRENT ASSETS

27

768,878

TOTAL ASSETS LESS CURRENT LIABILITIES

98

854,467

ACCRUALS AND DEFERRED INCOME

-

285,048

NET ASSETS

98

569,419

CAPITAL AND RESERVES

Called up share capital

4

98

98

Profit and loss account

-

569,321

SHAREHOLDERS' FUNDS

98

569,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 31 March 2015 and were signed by:

D J Massot - 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).

The company was dormant throughout the year ended 30 June 2014. However, reference to information relating

to the year ended 30 June 2013 has been made where appropriate.

Preparation of consolidated financial statements

The financial statements contain information about CBS (Ely) Ltd as an individual company and do not contain

consolidated financial information as the parent of a group. The company has taken the option under Section 398

of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, 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.

Plant and machinery

-

Straight line over 4 years

Fixtures and fittings

-

Straight line over 4 years

Motor vehicles

-

Straight line over 4 years

Computer equipment

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

242,741

Reclassification/transfer

(242,741

)

At 30 June 2014

-

DEPRECIATION

At 1 July 2013

157,223

Reclassification/transfer

(157,223

)

At 30 June 2014

-

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

85,518

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2013

and 30 June 2014

71

NET BOOK VALUE

At 30 June 2014

71

At 30 June 2013

71

The company's investments at the balance sheet date in the share capital of companies include the following:

Nolcom Communications Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

-

70

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

98

Ordinary

£1

98

98

5.	ULTIMATE PARENT COMPANY

Cromwell Business Systems Limited is regarded by the director as being the company's ultimate parent company.