Abbreviated Company Accounts - CROSBY SYSTEMS LIMITED

CROSBY SYSTEMS LIMITED - Company Information

07436940 CROSBY SYSTEMS LIMITED 2013-11-30 false 2012-12-01 2013-11-30 true 07436940 2012-12-01 2013-11-30 07436940 2013-11-30 07436940 2012-11-30 07436940 uk-gaap-cd-bus:Director1 2012-12-01 2013-11-30 07436940 uk-gaap-cd-bus:Director2 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass2 2012-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass3 2012-11-30 iso4217:GBP shares

Registered Number 07436940

CROSBY SYSTEMS LIMITED

Abbreviated Accounts

30 November 2013

CROSBY SYSTEMS LIMITED Registered Number 07436940

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	49,734	46,751
		49,734	46,751
Current assets
Debtors		11,013	11,789
Cash at bank and in hand		62,820	52,886
		73,833	64,675
Creditors: amounts falling due within one year	3	(61,060)	(77,077)
Net current assets (liabilities)		12,773	(12,402)
Total assets less current liabilities		62,507	34,349
Creditors: amounts falling due after more than one year	3	(19,690)	-
Provisions for liabilities		(42,360)	(26,946)
Total net assets (liabilities)		457	7,403
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		456	7,402
Shareholders' funds		457	7,403

For the year ending 30 November 2013 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 28 August 2014

And signed on their behalf by:
M Wilson, Director

CROSBY SYSTEMS LIMITED Registered Number 07436940

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 comprises revenue recognised by the company in respect of goods and services supplied during the year exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the folioing bases:

Plant and machinery - 20% straight line
Office equipment - 20% straight line

Other accounting policies
Research and development

Development costs are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on a straight line basis over the anticipated life of the benefits arising from the completed product or project.

Deferred research and development costs are reviewed annually and where future benefits are deemed to have ceased, or to be in doubt, the balance of any research and development is written off to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 December 2012	69,577
Additions	21,123
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	90,700
Depreciation
At 1 December 2012	22,826
Charge for the year	18,140
On disposals	-
At 30 November 2013	40,966
Net book values
At 30 November 2013	49,734
At 30 November 2012	46,751

3Creditors

	2013 £	2012 £
Secured Debts	24,259	-

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
0 Ordinary shares of £1 each (1 share for 2012)	0	1
75 A Ordinary shares of £0.01 each (0 shares for 2012)	1	0
25 B Ordinary shares of £0.01 each (0 shares for 2012)	0	0