Crossover Business Developments Limited - Period Ending 2015-03-31

Registration number: 04802106

Crossover Business Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Crossover Business Developments Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Crossover Business Developments Limited
(Registration number: 04802106)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,990			3,737
Current assets
Debtors		3			7,708			62,895
Cash at bank and in hand					25			-
					7,733			62,895
Creditors: Amounts falling due within one year					(2,684)			(7,485)
Net current assets					5,049			55,410
Total assets less current liabilities					8,039			59,147
Creditors: Amounts falling due after more than one year					(28,120)			(28,120)
Net (liabilities)/assets					(20,081)			31,027
Capital and reserves
Called up share capital		4			3			3
Profit and loss account					(20,084)			31,024
Shareholders' (deficit)/funds					(20,081)			31,027

For the year ending 31 March 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 director acknowledges his 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 director on 30 November 2015

.........................................
Mr B Barnard
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Crossover Business Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Crossover Business Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		26,098			26,098
At 31 March 2015		26,098			26,098
Depreciation
At 1 April 2014		22,361			22,361
Charge for the year		747			747
At 31 March 2015		23,108			23,108
Net book value
At 31 March 2015		2,990			2,990
At 31 March 2014		3,737			3,737

3

Debtors

Debtors includes £nil (2014 - £54,950) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		3			3			3			3

5

Control

The company is controlled by Mr B Barnard and Mrs C Barnard by virtue of their majority holding.

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