Abbreviated Company Accounts - CROSSFIELD CONSULTING LIMITED

CROSSFIELD CONSULTING LIMITED - Company Information

Registered Number 03320421

CROSSFIELD CONSULTING LIMITED

Abbreviated Accounts

28 February 2015

CROSSFIELD CONSULTING LIMITED Registered Number 03320421

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,265	4,485
		8,265	4,485
Current assets
Stocks		32,660	20,991
Debtors		296,322	202,153
Cash at bank and in hand		137,340	136,056
		466,322	359,200
Creditors: amounts falling due within one year		(224,786)	(199,151)
Net current assets (liabilities)		241,536	160,049
Total assets less current liabilities		249,801	164,534
Total net assets (liabilities)		249,801	164,534
Capital and reserves
Called up share capital	3	292	292
Other reserves		208	208
Profit and loss account		249,301	164,034
Shareholders' funds		249,801	164,534

For the year ending 28 February 2015 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 19 November 2015

And signed on their behalf by:
Mr R A Hodges, Director

CROSSFIELD CONSULTING LIMITED Registered Number 03320421

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow as it qualifies as a small company.

Turnover policy
Turnover represents net invoices sales of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Equipment, fixtures and fittings 50% on a reducing balance basis
Plant and Machinery 50% on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 March 2014	87,854
Additions	7,622
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	95,476
Depreciation
At 1 March 2014	83,369
Charge for the year	3,842
On disposals	-
At 28 February 2015	87,211
Net book values
At 28 February 2015	8,265
At 28 February 2014	4,485

3Called Up Share Capital

The company is controlled by Mr R A Hodges, a director and majority shareholder.
During the year the company dividends of £60,000 (2014: £24,000) to Mr R Hodges.