Abbreviated Company Accounts - CROSSFIELD CONSULTING LIMITED

CROSSFIELD CONSULTING LIMITED - Company Information

Registered Number 03320421

CROSSFIELD CONSULTING LIMITED

Abbreviated Accounts

29 February 2016

CROSSFIELD CONSULTING LIMITED Registered Number 03320421

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,739	8,265
		7,739	8,265
Current assets
Stocks		21,950	32,660
Debtors		275,369	296,322
Cash at bank and in hand		214,052	137,340
		511,371	466,322
Creditors: amounts falling due within one year		(220,271)	(224,786)
Net current assets (liabilities)		291,100	241,536
Total assets less current liabilities		298,839	249,801
Total net assets (liabilities)		298,839	249,801
Capital and reserves
Called up share capital	3	292	292
Other reserves		208	208
Profit and loss account		298,339	249,301
Shareholders' funds		298,839	249,801

For the year ending 29 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.

Approved by the Board on 24 November 2016

And signed on their behalf by:
Mr R A Hodges, Director

CROSSFIELD CONSULTING LIMITED Registered Number 03320421

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow as it qualifies as a small company.

Turnover policy
Turnover represents net invoices sales of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Equipment, fixtures and fittings 50% on a reducing balance basis
Plant and Machinery 50% on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 March 2015	95,477
Additions	5,876
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	101,353
Depreciation
At 1 March 2015	87,212
Charge for the year	6,402
On disposals	-
At 29 February 2016	93,614
Net book values
At 29 February 2016	7,739
At 28 February 2015	8,265

3Called Up Share Capital

The company is controlled by Mr R A Hodges, a director and majority shareholder.
During the year the company paid dividends of £80,000 (2015: £60,000) to Mr R A Hodges, a director and shareholder.