Abbreviated Company Accounts - CROMPTON MOULDINGS LIMITED

Abbreviated Company Accounts - CROMPTON MOULDINGS LIMITED

CROMPTON MOULDINGS LIMITED - Company Information

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Registered Number 06042585

CROMPTON MOULDINGS LIMITED

Abbreviated Accounts

31 December 2015

CROMPTON MOULDINGS LIMITED Registered Number 06042585

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 13,977 14,908
Tangible assets 3 353,304 336,058
367,281 350,966
Current assets
Stocks 90,344 110,944
Debtors 544,615 437,056
634,959 548,000
Prepayments and accrued income 53,330 37,760
Creditors: amounts falling due within one year 4 (683,207) (779,016)
Net current assets (liabilities) 5,082 (193,256)
Total assets less current liabilities 372,363 157,710
Creditors: amounts falling due after more than one year 4 (63,479) (60,000)
Accruals and deferred income (152,031) (33,319)
Total net assets (liabilities) 156,853 64,391
Capital and reserves
Called up share capital 236 236
Share premium account 152,444 152,444
Profit and loss account 4,173 (88,289)
Shareholders' funds 156,853 64,391
  • For the year ending 31 December 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 29 April 2016

And signed on their behalf by:
John Bradley, Director

CROMPTON MOULDINGS LIMITED Registered Number 06042585

Notes to the Abbreviated Accounts for the period ended 31 December 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Plant & Machinery - 10-50% straight line

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. Amortisation of goodwill attaining to monetary assets is recognised on realisation of those assets and that attaining to non-monetary assets is recognised over the estimated useful economic life of those assets.

2Intangible fixed assets
£
Cost
At 1 January 2015 22,221
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 22,221
Amortisation
At 1 January 2015 7,313
Charge for the year 931
On disposals -
At 31 December 2015 8,244
Net book values
At 31 December 2015 13,977
At 31 December 2014 14,908
3Tangible fixed assets
£
Cost
At 1 January 2015 474,656
Additions 51,772
Disposals -
Revaluations -
Transfers -
At 31 December 2015 526,428
Depreciation
At 1 January 2015 138,598
Charge for the year 34,526
On disposals -
At 31 December 2015 173,124
Net book values
At 31 December 2015 353,304
At 31 December 2014 336,058
4Creditors
2015
£		 2014
£
Secured Debts 376,351 444,077
Instalment debts due after 5 years 0 0
Non-instalment debts due after 5 years 0 -