Crossover Promotions Ltd - Abbreviated accounts 16.1
Crossover Promotions Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| CROSSOVER PROMOTIONS LTD |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| CROSSOVER PROMOTIONS LTD (REGISTERED NUMBER: 02760449) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| CROSSOVER PROMOTIONS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| CROSSOVER PROMOTIONS LTD (REGISTERED NUMBER: 02760449) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| CROSSOVER PROMOTIONS LTD (REGISTERED NUMBER: 02760449) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 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 the sale of marketing advice and consultancy services provided, net of value added tax. Revenue is |
| recognised in the period in which the services are provided. |
| Tangible fixed assets |
| Long leasehold | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Deferred tax |
| Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different |
| from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences |
| which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply |
| when the timing differences reverse, based on current tax rates and laws. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
| commitment to sell the asset. |
| Deferred tax assets and liabilities are not discounted. |
| Leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| Investments |
| Investments in business interests are measured at cost and viewed for impairment annually, or whenever an indicator of |
| impairment is identified. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| CROSSOVER PROMOTIONS LTD (REGISTERED NUMBER: 02760449) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issues and fully paid: |
| Number: | Class: | Nominal value: | 2015 | 2014 |
| 450 | B Ordinary | £1 | 1 | 1 |
| 450 | C Ordinary | £1 | 1 | 1 |
| 100 | Founder | £1 | 2 | 2 |
| 4 | 4 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 March 2016 and 31 March 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| 5. | INVESTMENTS |
| Crossover Promotions Limited has a 49% interest in Golf Datatech Europe LLC, and as a result is entitled to a share of the |
| profits or losses of the entity each year. The investment is valued at £Nil, and no profits were allocated to Crossover |
| Promotions Limited in the year. |