NEWCROFT_SOLUTIONS_LIMITE - Accounts

NEWCROFT SOLUTIONS LIMITED - Company Information

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Company Registration No. 04412158 (England and Wales)

NEWCROFT SOLUTIONS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

NEWCROFT SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NEWCROFT SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

363

960

Current assets

Debtors

21,822

55,868

Investments

1,000

Cash at bank and in hand

3,999

5,620

26,821

61,488

Creditors: amounts falling due within one year

(26,810)

(29,581)

Net current assets

31,907

Total assets less current liabilities

374

32,867

Capital and reserves

Called up share capital

Profit and loss account

372

32,865

Shareholders' funds

374

32,867

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 June 2015

Mr R Crittenden

Director

Company Registration No. 04412158

NEWCROFT SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

10% straight line

Plant and machinery

33% straight line

1.4

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.5

Financial instruments

Financial instruments are classified and accounted for, according to the substance of contractual arrangement, as either financial assets, financial liabilities or equity instruments, as defined in FRS 25, Financial Instruments: Disclosure and Presentation. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.6

Turnover

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

NEWCROFT SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2014

31,847

Additions

120

At 31 March 2015

31,967

Depreciation

At 1 April 2014

30,887

Charge for the year

717

At 31 March 2015

31,604

Net book value

At 31 March 2015

363

At 31 March 2014

960

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Transactions with directors

Advances to directors

The following directors had interest free loans during the year. The movements on these loans are as follows:

Amount outstanding

Maximum

2015

2014

in year

R J Crittenden's Current Account

8,096

48,313

96,096

The amount outstanding at the balance sheet date was repaid in full shortly after the year end.