Abbreviated Company Accounts - CROWNCITY LTD

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Registered Number 04467690

CROWNCITY LTD

Abbreviated Accounts

30 June 2014

CROWNCITY LTD Registered Number 04467690

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	411	-
		411	-
Current assets
Stocks		480	480
Debtors		18,175	15,441
Cash at bank and in hand		730	5,004
		19,385	20,925
Creditors: amounts falling due within one year		(27,689)	(26,486)
Net current assets (liabilities)		(8,304)	(5,561)
Total assets less current liabilities		(7,893)	(5,561)
Accruals and deferred income		(500)	(1,000)
Total net assets (liabilities)		(8,393)	(6,561)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(8,493)	(6,661)
Shareholders' funds		(8,393)	(6,561)

For the year ending 30 June 2014 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 24 March 2015

And signed on their behalf by:
N Prior, Director

CROWNCITY LTD Registered Number 04467690

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Computer equipment 25% on cost

Valuation information and policy
Stock and work in progress is valued at the lower of cost and estimated net realisable value.
Cost of raw materials is determined on the first in first out basis. In the case of work in progress and
finished goods, cost includes all direct expenditure and production overheads based on the normal
level of activity. Net realisable value is the price at which the stock can be released in the normal
course of business, less further costs to completion of sale.

2Tangible fixed assets

	£
Cost
At 1 July 2013	0
Additions	548
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	548
Depreciation
At 1 July 2013	0
Charge for the year	137
On disposals	-
At 30 June 2014	137
Net book values
At 30 June 2014	411
At 30 June 2013	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	N Prior
Description of the transaction:	Loan account
Balance at 1 July 2013:	£ 6,673
Advances or credits made:	-
Advances or credits repaid:	£ 6,673
Balance at 30 June 2014:	£ 0