Thomas Crown Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05069141 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2015

for

Thomas Crown Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J B Robinson

Miss A J Golightly

SECRETARY:

Miss A J Golightly

REGISTERED OFFICE:

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

REGISTERED NUMBER:

05069141 (England and Wales)

ACCOUNTANTS:

David Newton & Co Limited

Chartered Certified Accountants

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

FIXED ASSETS

Tangible assets

2

10,779

14,372

CURRENT ASSETS

Stocks

139,286

81,736

Debtors

16,245

50,159

Cash at bank and in hand

173,244

5,667

328,775

137,562

CREDITORS

Amounts falling due within one year

270,844

69,529

NET CURRENT ASSETS

57,931

68,033

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,710

82,405

CAPITAL AND RESERVES

Called up share capital

3

50,000

Profit and loss account

18,710

32,405

SHAREHOLDERS' FUNDS

68,710

82,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 May 2016 and were signed on its behalf by:

Miss A J Golightly - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

31,409

DEPRECIATION

At 1 June 2014

17,037

Charge for year

3,593

At 31 May 2015

20,630

NET BOOK VALUE

At 31 May 2015

10,779

At 31 May 2014

14,372

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

50,000

Ordinary

£1

50,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st May 2014 and 31st May 2013 £49,998 of the issued share capital was unpaid. These shares are

currently owned by Mr J Robinson.