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REGISTERED NUMBER: 08089553 (England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

CORNMILL LIMITED
CORNMILL LIMITED (REGISTERED NUMBER: 08089553)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 5
CORNMILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2015







DIRECTORS: S Bazeley
A J Morgan





REGISTERED OFFICE: The Windmill, Brascote Lane
Brascote
Newbold Verdon
Leicester
LE9 9LE





REGISTERED NUMBER: 08089553 (England and Wales)





ACCOUNTANTS: Crowfoot Accountants Limited
Lonsdale
High Street
Lutterworth
Leicestershire
LE17 4AD
CORNMILL LIMITED (REGISTERED NUMBER: 08089553)

ABBREVIATED BALANCE SHEET
31 MAY 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 52,399 51,061

CURRENT ASSETS
Stocks 13,616 13,616
Cash at bank 61,864 20,809
75,480 34,425
CREDITORS
Amounts falling due within one year 91,929 58,217
NET CURRENT LIABILITIES (16,449 ) (23,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,950

27,269

CREDITORS
Amounts falling due after more than
one year

(11,691
)
(17,730
)

PROVISIONS FOR LIABILITIES (10,480 ) (10,212 )
NET ASSETS/(LIABILITIES) 13,779 (673 )

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 13,777 (675 )
SHAREHOLDERS' FUNDS 13,779 (673 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.
CORNMILL LIMITED (REGISTERED NUMBER: 08089553)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2015


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 Board of Directors on 23 October 2015 and were signed
on its behalf by:




S Bazeley - Director



A J Morgan - Director

CORNMILL LIMITED (REGISTERED NUMBER: 08089553)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015

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 - 15% on reducing balance
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

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 June 2014 61,393
Additions 10,585
At 31 May 2015 71,978
DEPRECIATION
At 1 June 2014 10,332
Charge for year 9,247
At 31 May 2015 19,579
NET BOOK VALUE
At 31 May 2015 52,399
At 31 May 2014 51,061

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 ordinary £1 2 2
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CORNMILL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated
accounts (set out on pages two to four) 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 Cornmill Limited for the year ended 31 May 2015 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cornmill Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cornmill Limited and state those matters that we have agreed to state to the Board of Directors of Cornmill Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cornmill Limited 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 Cornmill Limited. You consider that Cornmill Limited 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 Cornmill
Limited. 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.






Crowfoot Accountants Limited
Lonsdale
High Street
Lutterworth
Leicestershire
LE17 4AD


23 October 2015

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