E.H. Crack & Sons Limited - Period Ending 2015-12-03

Registration number: 00526413

E.H. Crack & Sons Limited

Unaudited Abbreviated Accounts

for the Year Ended 3 December 2015
 

Fox Jennings Cullen
Accountants & Business Advisers
Tarn House
77 High Street
Yeadon
Leeds
West Yorkshire
LS19 7SP

E.H. Crack & Sons Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

E.H. Crack & Sons Limited
(Registration number: 00526413)
Abbreviated Balance Sheet at 3 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					28,752			28,852
Current assets
Debtors					217			-
Cash at bank and in hand					252,288			262,836
					252,505			262,836
Creditors: Amounts falling due within one year					(352,135)			(254,300)
Net current (liabilities)/assets					(99,630)			8,536
Net (liabilities)/assets					(70,878)			37,388
Capital and reserves
Called up share capital		3			4,500			4,500
Profit and loss account					(75,378)			32,888
Shareholders' (deficit)/funds					(70,878)			37,388

For the year ending 3 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 23 August 2016 and signed on its behalf by:

.........................................
D P Crack
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

E.H. Crack & Sons Limited
Notes to the Abbreviated Accounts for the Year Ended 3 December 2015
......... continued

1	Accounting policies

Basis of preparation

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).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold property	5% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 4 December 2014		32,530			32,530
At 3 December 2015		32,530			32,530
Depreciation
At 4 December 2014		3,678			3,678
Charge for the year		100			100
At 3 December 2015		3,778			3,778
Net book value
At 3 December 2015		28,752			28,752
At 3 December 2014		28,852			28,852

Page 2

E.H. Crack & Sons Limited
Notes to the Abbreviated Accounts for the Year Ended 3 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		4,500			4,500			4,500			4,500

Page 3