The Crystal Chandelier Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC266870 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

THE CRYSTAL CHANDELIER COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D M McCardle

I Liddle

SECRETARY:

I Liddle

REGISTERED OFFICE:

Suite 411 Baltic Chambers

50 Wellington Street

Glasgow

Strathclyde

G2 6HJ

REGISTERED NUMBER:

SC266870 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 411 Baltic Chambers

50 Wellington Street

Glasgow

Strathclyde

G2 6HJ

FIXED ASSETS

Tangible assets

2

87,192

92,961

CURRENT ASSETS

Stocks

15,261

14,317

Debtors

6,699

24,827

Cash at bank

44,565

27,840

66,525

66,984

CREDITORS

Amounts falling due within one year

3

74,633

74,838

NET CURRENT LIABILITIES

(8,108

)

(7,854

)

TOTAL ASSETS LESS CURRENT LIABILITIES

79,084

85,107

CREDITORS

Amounts falling due after more than one year

3

(12,810

)

(25,245

)

PROVISIONS FOR LIABILITIES

(464

)

(1,211

)

NET ASSETS

65,810

58,651

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

65,808

58,649

SHAREHOLDERS' FUNDS

65,810

58,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 28 September 2015 and were signed on its behalf by:

D M McCardle - 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 sales of goods, excluding value added tax.

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

123,575

Disposals

(12,632

)

At 31 March 2015

110,943

DEPRECIATION

At 1 April 2014

30,614

Charge for year

2,771

Eliminated on disposal

(9,634

)

At 31 March 2015

23,751

NET BOOK VALUE

At 31 March 2015

87,192

At 31 March 2014

92,961

3.

CREDITORS

Creditors include an amount of £ 20,310 (31.3.14 - £ 27,645 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

£

Repayable by instalments

-

15,645

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2