| Crossley Management Ltd |
|
| Report to the director on the preparation of the unaudited abbreviated accounts of Crossley Management Ltd for the year ended 31 July 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Crossley Management Ltd for the year ended 31 July 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Crossley Management Ltd |
| Chartered Certified Accountants |
| The Caoch House |
| 7 Mill Road |
| Sturry, Canterbury |
| Kent |
| CT2 0AJ |
|
| 27 April 2016 |
|
| Crossley Management Ltd |
| Registered number: |
02846688 |
| Abbreviated Balance Sheet |
| as at 31 July 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Current assets |
| Debtors |
|
|
422,418 |
|
|
439,406 |
| Cash at bank and in hand |
|
|
8,281 |
|
|
2,797 |
|
|
|
430,699 |
|
|
442,203 |
|
| Creditors: amounts falling due within one year |
|
|
(112,650) |
|
|
(48,820) |
|
| Net current assets |
|
|
|
318,049 |
|
|
393,383 |
|
| Net assets |
|
|
|
318,049 |
|
|
393,383 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
199 |
|
|
199 |
| Profit and loss account |
|
|
|
317,850 |
|
|
393,184 |
|
| Shareholders' funds |
|
|
|
318,049 |
|
|
393,383 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| M H Marsh |
| Director |
| Approved by the board on 27 April 2016 |
|
| Crossley Management Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
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. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2014 |
12,960 |
|
At 31 July 2015 |
12,960 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2014 |
12,960 |
|
At 31 July 2015 |
12,960 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
- |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2014 |
6,000 |
|
At 31 July 2015 |
6,000 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2014 |
6,000 |
|
At 31 July 2015 |
6,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
- |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
199 |
|
199 |
|
199 |
|
|
|
|
|
|
|
|
|
