Crowther Jordan Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03185022 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

Crowther Jordan Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Gray FCA

SECRETARY:

Mrs A Gray

REGISTERED OFFICE:

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

REGISTERED NUMBER:

03185022 (England and Wales)

ACCOUNTANTS:

Crowther Jordan Limited

Chartered Accountants

39 High Street

Wednesfield

Wolverhampton

West Midlands

WV11 1ST

BANKERS:

Barclays Business Banking

Black Country Team

PO Box 777

Wolverhampton

West Midlands

BX3 2BB

FIXED ASSETS

Intangible assets

2

399,000

399,000

Tangible assets

3

5,920

4,172

404,920

403,172

CURRENT ASSETS

Debtors

101,741

101,439

Cash in hand

76

137

101,817

101,576

CREDITORS

Amounts falling due within one year

4

136,814

142,619

NET CURRENT LIABILITIES

(34,997

)

(41,043

)

TOTAL ASSETS LESS CURRENT LIABILITIES

369,923

362,129

CREDITORS

Amounts falling due after more than one year

(90,939

)

(95,617

)

PROVISIONS FOR LIABILITIES

(555

)

(67

)

NET ASSETS

278,429

266,445

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

277,429

265,445

SHAREHOLDERS' FUNDS

278,429

266,445

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 February 2015 and were signed by:

S Gray FCA - 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 net invoiced fees, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill is stated at cost. Provision is made for impairment when the recoverable amount capable of being

realised either on sale or generated by future income is less than the carrying value.

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

-

20% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

20% 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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

420,000

AMORTISATION

At 1 June 2013

and 31 May 2014

21,000

NET BOOK VALUE

At 31 May 2014

399,000

At 31 May 2013

399,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

28,685

Additions

4,336

Disposals

(1,137

)

At 31 May 2014

31,884

DEPRECIATION

At 1 June 2013

24,513

Charge for year

2,528

Eliminated on disposal

(1,077

)

At 31 May 2014

25,964

NET BOOK VALUE

At 31 May 2014

5,920

At 31 May 2013

4,172

4.

CREDITORS

Creditors include an amount of £ 64,122 (31.5.13 - £ 71,281 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

1,000

Ordinary

1

1,000

1,000