CREST_GLOBAL_AUTOMOTIVE_U - Accounts

CREST GLOBAL AUTOMOTIVE UK LTD - Company Information

Print Friendly Version

Company Registration No. 06776240 (England and Wales)

CREST GLOBAL AUTOMOTIVE UK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

CREST GLOBAL AUTOMOTIVE UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CREST GLOBAL AUTOMOTIVE UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

15,000

5,500

Debtors

546,317

439,217

Cash at bank and in hand

75,657

58,199

636,974

502,916

Creditors: amounts falling due within one year

(517,793)

(429,817)

Total assets less current liabilities

119,181

73,099

Capital and reserves

Called up share capital

Profit and loss account

119,179

73,097

Shareholders' funds

119,181

73,099

For the financial year ended 30 April 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 year in question in accordance with section 476;

The director acknowledges his 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 for issue on 25 February 2016

Mr TEC Stuart

Director

Company Registration No. 06776240

CREST GLOBAL AUTOMOTIVE UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008 ))

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.

1.3

Turnover

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

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

Transactions with directors

Rent of £6,000 (2014:£6,000) was paid to one of the directors, TEC Stuart

£51,810 (2014:£69,795) was owed to one of the directors, TEC Stuart