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CREDIT UK LIMITED
REGISTERED NUMBER: 04448581
ABBREVIATED BALANCE SHEET
AS AT 27 NOVEMBER 2015
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CREDITORS: amounts falling due within one year
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For the year ending 27 November 2015 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 ("the Act") relating to small companies.
Director's responsibilities:
 
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·The members have not required the Company to obtain an audit of its financial statements for the year in question in accordance with section 476;
·The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
 
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The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 25 August 2016.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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CREDIT UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 27 NOVEMBER 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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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.
Revenue is recognised on an accruals basis over the period the service is provided.
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Tangible fixed assets and depreciation
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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:
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2.TANGIBLE FIXED ASSETS
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At 28 November 2014 and 27 November 2015
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3.SHARE CAPITAL
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Allotted, called up and fully paid
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1 Ordinary share of £6000
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4.RELATED PARTY TRANSACTIONS
At the year ended 27th November 2015, the company owed the director, Mr D Wayt, £36,032 (2014: £34,427). The loan was interest free and repayable on demand.
Page 2
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CREDIT UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 27 NOVEMBER 2015
5.CONTROLLING PARTY
During the year under review the company was under the control of Mr D Wayt, the director, who owns the entire issued share capital.
Page 3
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