Cashtrac Ltd - Period Ending 2016-03-31

Registration number: 05831093

Cashtrac Ltd

trading as Cashtrac Accountancy Services

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Cashtrac Acountancy Services
15 Westgate House
Westgate Street
Gloucester
Gloucestershire
GL1 2RU

Cashtrac Ltd
trading as Cashtrac Accountancy Services
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cashtrac Ltd
trading as Cashtrac Accountancy Services
(Registration number: 05831093)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,491			3,157
Current assets
Debtors					2,775			7,942
Cash at bank and in hand					26,867			13,008
					29,642			20,950
Creditors: Amounts falling due within one year					(30,792)			(24,047)
Net current liabilities					(1,150)			(3,097)
Net assets					1,341			60
Capital and reserves
Called up share capital		3			60			60
Profit and loss account					1,281			-
Shareholders' funds					1,341			60

For the year ending 31 March 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 director acknowledges her 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 director on 31 August 2016

.........................................
K King
Director

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

Cashtrac Ltd
trading as Cashtrac Accountancy Services
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducng balance

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.

Page 2

Cashtrac Ltd
trading as Cashtrac Accountancy Services
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		15,369			15,369
Additions		70			70
At 31 March 2016		15,439			15,439
Depreciation
At 1 April 2015		12,212			12,212
Charge for the year		736			736
At 31 March 2016		12,948			12,948
Net book value
At 31 March 2016		2,491			2,491
At 31 March 2015		3,157			3,157

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		50			50			50			50
Preference of £1 each		10			10			10			10
		60			60			60			60

Page 3