Abbreviated Company Accounts - CREDECO LIMITED

07573946 CREDECO LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07573946 2015-04-01 2016-03-31 07573946 2016-03-31 07573946 2015-03-31 07573946 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07573946 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07573946

CREDECO LIMITED

Abbreviated Accounts

31 March 2016

CREDECO LIMITED Registered Number 07573946

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,004	1,627
		2,004	1,627
Current assets
Debtors		115,917	8,070
Cash at bank and in hand		77,648	98,131
		193,565	106,201
Creditors: amounts falling due within one year		(114,342)	(61,418)
Net current assets (liabilities)		79,223	44,783
Total assets less current liabilities		81,227	46,410
Total net assets (liabilities)		81,227	46,410
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		81,127	46,310
Shareholders' funds		81,227	46,410

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 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 25 November 2016

And signed on their behalf by:
M Connor, Director

CREDECO LIMITED Registered Number 07573946

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.

Tangible assets depreciation policy
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:
Fixtures, fittings & equipment - 25% on net book value
Motor vehicles 25% on net book value

2Tangible fixed assets

	£
Cost
At 1 April 2015	5,131
Additions	1,046
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	6,177
Depreciation
At 1 April 2015	3,504
Charge for the year	669
On disposals	-
At 31 March 2016	4,173
Net book values
At 31 March 2016	2,004
At 31 March 2015	1,627

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100