Crowngate Limited - Abbreviated accounts 16.1

Crowngate Limited - Abbreviated accounts 16.1

CROWNGATE LIMITED - Company Information

Print Friendly Version

SC444073 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4440732015-03-31SC4440732016-03-31SC4440732015-04-012016-03-31SC4440732014-03-31SC4440732014-04-012015-03-31SC4440732015-03-31SC444073ns12:Scotland2015-04-012016-03-31SC444073ns14:PoundSterling2015-04-012016-03-31SC444073ns7:Director12015-04-012016-03-31SC444073ns7:OrdinaryShareClass12015-04-012016-03-31SC444073ns7:RegisteredOffice2015-04-012016-03-31SC444073ns7:EntityAccountantsOrAuditors2015-04-012016-03-31SC444073ns5:PlantMachinery2015-04-012016-03-31SC444073ns7:OrdinaryShareClass12016-03-31SC444073ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: SC444073 (Scotland)














ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

Crowngate Limited

Crowngate Limited (Registered number: SC444073)






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 4

Crowngate Limited

COMPANY INFORMATION
For The Year Ended 31 March 2016







DIRECTOR: J Singh





REGISTERED OFFICE: 149 Elderslie Street
Glasgow
Lanarkshire
G3 7JR





REGISTERED NUMBER: SC444073 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA
Page 1
Crowngate Limited (Registered number: SC444073)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £   
FIXED ASSETS
Intangible assets 2 11,656 13,321
Tangible assets 3 16,496 -
28,152 13,321

CURRENT ASSETS
Debtors 33,055 39,296
Cash at bank and in hand 1,220 3,211
34,275 42,507
CREDITORS
Amounts falling due within one year (39,523 ) (48,248 )
NET CURRENT LIABILITIES (5,248 ) (5,741 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,904
7,580

CREDITORS
Amounts falling due after more than one
year
(12,664
)
-
NET ASSETS 10,240 7,580

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 10,239 7,579
SHAREHOLDERS' FUNDS 10,240 7,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
Crowngate Limited (Registered number: SC444073)

ABBREVIATED BALANCE SHEET - continued
31 March 2016


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 director on 7 September 2016 and were signed by:





J Singh - Director


The notes form part of these abbreviated accounts

Page 3
Crowngate Limited (Registered number: SC444073)

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 amounts invoiced during the year net, exclusive of Value Added Tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on reducing balance

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 16,651
AMORTISATION
At 1 April 2015 3,330
Amortisation for year 1,665
At 31 March 2016 4,995
NET BOOK VALUE

At 31 March 2016 11,656
At 31 March 2015 13,321

Page 4 continued...
Crowngate Limited (Registered number: SC444073)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 21,995
At 31 March 2016 21,995
DEPRECIATION
Charge for year 5,499
At 31 March 2016 5,499
NET BOOK VALUE
At 31 March 2016 16,496

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

Page 5