Abbreviated Company Accounts - CONDAAL LTD

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Registered Number 07830445

CONDAAL LTD

Abbreviated Accounts

31 December 2015

CONDAAL LTD Registered Number 07830445

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	-	-
		-	-
Current assets
Debtors		64,010	72,242
Cash at bank and in hand		1,149	89
		65,159	72,331
Creditors: amounts falling due within one year		(2,882)	(7,158)
Net current assets (liabilities)		62,277	65,173
Total assets less current liabilities		62,277	65,173
Total net assets (liabilities)		62,277	65,173
Capital and reserves
Called up share capital	3	105	105
Share premium account		99,995	99,995
Profit and loss account		(37,823)	(34,927)
Shareholders' funds		62,277	65,173

For the year ending 31 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 21 September 2016

And signed on their behalf by:
Mr Simon Conway, Director

CONDAAL LTD Registered Number 07830445

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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

Tangible assets depreciation policy
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:

Computer equipment - 33% straight line

Other accounting policies
Going concern
The accounts are prepared on the going concern basis.

2Tangible fixed assets

	£
Cost
At 1 January 2015	1,854
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,854
Depreciation
At 1 January 2015	1,854
Charge for the year	-
On disposals	-
At 31 December 2015	1,854
Net book values
At 31 December 2015	0
At 31 December 2014	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10,530 Ordinary shares of £0.01 each	105	105

4Transactions with directors

Name of director receiving advance or credit:	Mr Simon Conway
Description of the transaction:	Directors' benefits: advances, credit and guarantees
Balance at 1 January 2015:	£ 25,265
Advances or credits made:	-
Advances or credits repaid:	£ 1,192
Balance at 31 December 2015:	£ 24,073

Name of director receiving advance or credit:	Mr Edwin Groenendaal
Description of the transaction:	Directors' benefits: advances, credit and guarantees
Balance at 1 January 2015:	£ 46,877
Advances or credits made:	-
Advances or credits repaid:	£ 7,102
Balance at 31 December 2015:	£ 39,775

£Nil (2014: £2,031) was advanced during the year to a director of the company. £1,192 (2014: £8,501) was repaid to the company by the year end and the highest this balance reached during the year was £25,265. At the balance sheet date an amount of £24,072 (2014: £25,265) was owed to the company by the director.

£Nil (2014: £59) was advanced during the year to a director of the company. £7,074 (2014: £450) was repaid to the company by the year end and the highest this balance reached during the year was £46,878. At the balance sheet date an amount of £39,775 (2014: £46,877) was owed to the company by the director.