Abbreviated Company Accounts - CRANKFAST LIMITED

07668739 CRANKFAST LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 07668739 2014-07-01 2015-06-30 07668739 2015-06-30 07668739 2014-06-30 07668739 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 07668739 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 07668739

CRANKFAST LIMITED

Abbreviated Accounts

30 June 2015

CRANKFAST LIMITED Registered Number 07668739

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	176	235
		176	235
Current assets
Debtors		18,812	9,104
Cash at bank and in hand		19,245	14,583
		38,057	23,687
Creditors: amounts falling due within one year		(8,339)	(10,050)
Net current assets (liabilities)		29,718	13,637
Total assets less current liabilities		29,894	13,872
Provisions for liabilities		(35)	(47)
Total net assets (liabilities)		29,859	13,825
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		29,759	13,725
Shareholders' funds		29,859	13,825

For the year ending 30 June 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 21 March 2016

And signed on their behalf by:
C J Hood, Director

CRANKFAST LIMITED Registered Number 07668739

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office equipment 25% reducing balance

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 July 2014	559
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	559
Depreciation
At 1 July 2014	324
Charge for the year	59
On disposals	-
At 30 June 2015	383
Net book values
At 30 June 2015	176
At 30 June 2014	235

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100