Accounts filed on 28-02-2016

Accounts filed on 28-02-2016

CITYWARM LIMITED - Company Information

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CITYWARM LIMITED

Company Registration Number:
SC279723 (Scotland)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 March 2015

End date: 28 February 2016

CITYWARM LIMITED

Abbreviated Balance sheet

As at 28 February 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 3,473 3,836
Total fixed assets: 3,473 3,836
Current assets
Debtors: 3 15,329 7,200
Cash at bank and in hand: 584,619 397,538
Total current assets: 599,948 404,738
Creditors: amounts falling due within one year: 4 ( 68,320 ) ( 43,624 )
Net current assets (liabilities): 531,628 361,114
Total assets less current liabilities: 535,101 364,950
Total net assets (liabilities): 535,101 364,950

The notes form part of these financial statements

CITYWARM LIMITED

Balance sheet continued

As at 28 February 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 3 3
Profit and loss account: 535,098 364,947
Shareholders funds: 535,101 364,950

For the year ending 28 February 2016 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 16 October 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr K Henderson
Status: Director

The notes form part of these financial statements

CITYWARM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Motor vehicles - 25% reducing balance, Plant & machinery - 25% reducing balance

CITYWARM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 2. Tangible assets

    Total
    Cost £
    01 March 2015: 26,828
    Additions: 795
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    28 February 2016: 27,623
    Depreciation
    01 March 2015: 22,992
    Charge for year: 1,158
    On disposals: 0
    Other adjustments: 0
    28 February 2016: 24,150
    Net book value
    28 February 2016: 3,473
    28 February 2015: 3,836

CITYWARM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Trade debtors: 10,855 7,200
    Other debtors: 4,474
    Total: 15,329 7,200

CITYWARM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Trade creditors: 8 2,510
    Taxation and social security: 68,312 40,534
    Other creditors: 580
    Total: 68,320 43,624

CITYWARM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 3 1.00 3
    Preference shares: 0
    Total share capital (£): 3
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 3 1.00 3
    Preference shares: 0
    Total share capital (£): 3

CITYWARM LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 6. Transactions with directors

    Name of director receiving advance or credit Mr K Henderson
    Description of the transaction Loan
    Balance at 01 March 2015 580
    Advances or credits made 3,894
    Balance at 28 February 2016 4,474