JANET_CROUCH_LIMITED - Accounts

JANET CROUCH LIMITED - Company Information

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Company Registration No. 07627579 (England and Wales)

JANET CROUCH LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2015

JANET CROUCH LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JANET CROUCH LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

134,170

67,765

Current assets

Debtors

5,519

23,269

Cash at bank and in hand

18,530

7,198

24,049

30,467

Creditors: amounts falling due within one year

(17,858)

(5,646)

Net current assets

6,191

24,821

Total assets less current liabilities

140,361

92,586

Capital and reserves

Called up share capital

Profit and loss account

140,357

92,582

Shareholders' funds

140,361

92,586

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

Director's responsibilities:

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

The director acknowledges her 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 and authorised for issue on 27 November 2015

Mrs J Crouch

Director

Company Registration No. 07627579

JANET CROUCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MAY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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

Fixtures, fittings & equipment

25% Reducing Balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2014

68,423

Additions

66,643

At 31 May 2015

135,066

Depreciation

At 1 April 2014

658

Charge for the period

238

At 31 May 2015

896

Net book value

At 31 May 2015

134,170

At 31 March 2014

67,765

JANET CROUCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MAY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

4 Ordinary Shares of £1 each

Related party relationships and transactions

Transactions in relation to loans with directors during the Period are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Directors Loan

17,751