OFFICECRAFT LIMITED Accounts filed on 31-12-2014
OFFICECRAFT LIMITED Accounts filed on 31-12-2014
OFFICECRAFT LIMITED
Company Registration Number:
02526482 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st January 2014
End date: 31st December 2014
SUBMITTED
OFFICECRAFT LIMITED
Company Information
for the Period Ended
31st December 2014
Director: |
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Company secretary: |
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Registered office: |
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Cheshire | ||
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Company Registration Number: |
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OFFICECRAFT LIMITED
Abbreviated Balance sheet
As at 31st December 2014
Notes | 2014 £ |
2013 £ |
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Fixed assets | |||
Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 6 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 7 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
OFFICECRAFT LIMITED
Abbreviated Balance sheet
As at 31st December 2014
continued
Notes | 2014 £ |
2013 £ |
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Capital and reserves | |||
Called up share capital: | 8 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: David Alexander Craggs
Status: Director
The notes form part of these financial statements
OFFICECRAFT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard for smaller entities effective April 2008 and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£). Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method. The rate used is 25%. Other accounting policies
Debtors Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Creditors Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Taxation Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed. Employee benefits Short-term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred. The company operates stakeholder defined contribution pension schemes for the benefit of the employees and directors. The assets of the pension schemes are administered by an independent pensions provider.
OFFICECRAFT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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5. Tangible assets
Total Cost £ At 01st January 2014: 43,063 At 31st December 2014: 43,063 Depreciation At 01st January 2014: 42,331 Charge for year: 518 At 31st December 2014: 42,849 Net book value At 31st December 2014: 214 At 31st December 2013: 732
OFFICECRAFT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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6. Debtors
Debtors
OFFICECRAFT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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7. Creditors: amounts falling due within one year
Creditors: amounts falling due within one year
OFFICECRAFT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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10. Related party disclosures
Name of the ultimate controlling party during the period: David Alexander Craggs