Crystal Clear Designs & Signs Ltd - Limited company - abbreviated - 11.6

Crystal Clear Designs & Signs Ltd - Limited company - abbreviated - 11.6

CRYSTAL CLEAR DESIGNS AND SIGNS LTD - Company Information

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REGISTERED NUMBER: 05686783 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Crystal Clear Designs & Signs Ltd

Crystal Clear Designs & Signs Ltd (Registered number: 05686783)






Contents of the Abbreviated Accounts
for the Year Ended 28 February 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Crystal Clear Designs & Signs Ltd

Company Information
for the Year Ended 28 February 2015







DIRECTORS: Mr I Brine
Mr W Brine
Mr A T N Sutherland
Mrs J Brine





SECRETARY: Mrs J Brine





REGISTERED OFFICE: Unit C Anchor House
School Lane
Chandles Ford
Eastleigh
SO53 4DY





REGISTERED NUMBER: 05686783 (England and Wales)





ACCOUNTANTS: Arlington Accountants Limited
Unit C Anchor House
School Lane
Chandlers ford
Eastleigh
Hampshire
SO53 4DY
Page 1
Crystal Clear Designs & Signs Ltd (Registered number: 05686783)

Abbreviated Balance Sheet
28 February 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,400 2,600
Tangible assets 3 17,128 20,774
18,528 23,374

CURRENT ASSETS
Stocks 14,750 15,600
Debtors 26,683 16,979
Cash at bank and in hand 7,542 2,302
48,975 34,881
CREDITORS
Amounts falling due within one year 45,240 46,111
NET CURRENT ASSETS/(LIABILITIES) 3,735 (11,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,263
12,144

CREDITORS
Amounts falling due after more than one
year
2,930
9,586
NET ASSETS 19,333 2,558

CAPITAL AND RESERVES
Called up share capital 4 9 6
Profit and loss account 19,324 2,552
SHAREHOLDERS' FUNDS 19,333 2,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

The notes form part of these abbreviated accounts

Page 2 continued...
Crystal Clear Designs & Signs Ltd (Registered number: 05686783)

Abbreviated Balance Sheet - continued
28 February 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 26 May 2015 and were signed on its behalf by:





Mr W Brine - Director


The notes form part of these abbreviated accounts

Page 3
Crystal Clear Designs & Signs Ltd (Registered number: 05686783)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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 March 2014
and 28 February 2015 12,000
AMORTISATION
At 1 March 2014 9,400
Amortisation for year 1,200
At 28 February 2015 10,600
NET BOOK VALUE

At 28 February 2015 1,400
At 28 February 2014 2,600

Page 4 continued...
Crystal Clear Designs & Signs Ltd (Registered number: 05686783)

Notes to the Abbreviated Accounts - continued
for the Year Ended 28 February 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014 45,462
Additions 1,640
At 28 February 2015 47,102
DEPRECIATION
At 1 March 2014 24,688
Charge for year 5,286
At 28 February 2015 29,974
NET BOOK VALUE
At 28 February 2015 17,128
At 28 February 2014 20,774

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
6 Ordinary £1 6 6
2 Non Voting A Ordinary £1 2 -
1 Non Voting B Ordinary £1 1 -
9 6

The following shares were allotted and fully paid for cash at par during the year:

2 Non Voting A Ordinary shares of £1 each
1 Non Voting B Ordinary shares of £1 each

Page 5