CROSS_ACCOUNTING_AND_PAYR - Accounts

CROSS ACCOUNTING AND PAYROLL SERVICE LIMITED - Company Information

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Company Registration No. 07526483 (England and Wales)

CROSS ACCOUNTING AND PAYROLL SERVICE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

CROSS ACCOUNTING AND PAYROLL SERVICE LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CROSS ACCOUNTING AND PAYROLL SERVICE LTD

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

170

Tangible assets

9,775

5,096

9,945

5,266

Current assets

Debtors

15,419

16,966

Cash at bank and in hand

8,412

3,826

23,831

20,792

Creditors: amounts falling due within one year

(25,256)

(18,773)

Net current liabilities/(assets)

(1,425)

2,019

Total assets less current liabilities

8,520

7,285

Creditors: amounts falling due after more than one year

(985)

8,520

6,300

Capital and reserves

Called up share capital

Other reserves

6,298

1,945

Profit and loss account

2,221

4,354

Shareholders' funds

8,520

6,300

CROSS ACCOUNTING AND PAYROLL SERVICE LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

29 FEBRUARY 2016

- 2 -

For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 9 September 2016

N Cross

Director

Company Registration No. 07526483

CROSS ACCOUNTING AND PAYROLL SERVICE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Trademark

Trademark valued at cost

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CROSS ACCOUNTING AND PAYROLL SERVICE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 March 2015

170

9,796

9,966

Additions

7,616

At 29 February 2016

170

17,412

17,582

Depreciation

At 1 March 2015

4,700

Charge for the year

2,937

At 29 February 2016

7,637

Net book value

At 29 February 2016

170

9,775

9,945

At 28 February 2015

170

5,096

5,266

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary of £1 each