Cygnul Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08749373 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

25 October 2013 to 31 December 2014

for

Cygnul Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J A Creese

M Buckland

SECRETARY:

J C Creese

REGISTERED OFFICE:

8-9 Acorn Business Centre

Roberts End

Hanley Swan

Worcester

WR8 0DN

REGISTERED NUMBER:

08749373 (England and Wales)

ACCOUNTANTS:

Crowthers Chartered Accountants

10 The Southend

Ledbury

Herefordshire

HR8 2EY

FIXED ASSETS

Tangible assets

2

546

CURRENT ASSETS

Debtors

1,663

Cash at bank and in hand

4,062

5,725

CREDITORS

Amounts falling due within one year

6,113

NET CURRENT LIABILITIES

(388

)

TOTAL ASSETS LESS CURRENT LIABILITIES

158

PROVISIONS FOR LIABILITIES

109

NET ASSETS

49

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

39

SHAREHOLDERS' FUNDS

49

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 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.

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 19 February 2015 and were signed on its behalf by:

Mrs J A Creese - 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).

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is

a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete

at the year end, turnover represents the value of the service provided to that date based on an appropriate

proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included as Amounts

recoverable on contracts in the balance sheet.

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 etc

-

33% on cost

Deferred tax

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

sheet date. Timing differences are differences between the taxable profits and the results as stated in the

financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from

those in which they are recognised in the financial statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as

more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing

differences can be deducted.

Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding

agreement to sell the revalued assets and the assets have been revalued to selling price. Neither is deferred tax

recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over,

being charged to tax only if and when replacement assets are sold.

Deferred tax is measured at the average rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.

Deferred tax is measured on a non-discounted basis.

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

Additions

819

At 31 December 2014

819

DEPRECIATION

Charge for period

273

At 31 December 2014

273

NET BOOK VALUE

At 31 December 2014

546

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10

10 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2014:

£

Mrs J A Creese

Balance outstanding at start of period

-

Amounts advanced

7,360

Amounts repaid

(7,769

)

Balance outstanding at end of period

(409

)

At the period-end, the company owed Mrs JA Creese £409. The loan is interest-free and has no fixed repayment

terms.

5.	RELATED PARTY DISCLOSURES

During the period, total dividends of £12,300 were paid to the directors .

During the period, the company sold £864 of services to Gas Appliance Showroom and Fireplace Centre

Limited, a company associated with JC Creese, husband of Mrs JA Creese. At the period-end, £140 was

outstanding to Cygnul Limited.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J A Creese.

The ultimate controlling party is Mrs J A Creese.