Croft Carpets, Curtains & Blinds Limited - Abbreviated accounts 16.3

Croft Carpets, Curtains & Blinds Limited - Abbreviated accounts 16.3

CROFT CARPETS, CURTAINS & BLINDS LIMITED - Company Information

Print Friendly Version

09627085 1.7.15 30.6.16 30.6.16 Company accounts Private Limited Company FY true false true false false true false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure096270852015-06-30096270852016-06-30096270852015-07-012016-06-30096270852015-06-3009627085ns12:England2015-07-012016-06-3009627085ns14:PoundSterling2015-07-012016-06-3009627085ns7:Director12015-07-012016-06-3009627085ns7:OrdinaryShareClass12015-07-012016-06-3009627085ns7:RegisteredOffice2015-07-012016-06-3009627085ns7:EntityAccountantsOrAuditors2015-07-012016-06-3009627085ns7:EntityBankers2015-07-012016-06-3009627085ns5:MotorVehicles2015-07-012016-06-3009627085ns7:OrdinaryShareClass12016-06-3009627085ns7:Director12015-06-3009627085ns7:Director12016-06-30
REGISTERED NUMBER: 09627085 (England and Wales)
















Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Croft Carpets, Curtains & Blinds Limited

Croft Carpets, Curtains & Blinds Limited (Registered number: 09627085)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Report of the Accountants 7

Croft Carpets, Curtains & Blinds Limited

Company Information
for the Year Ended 30 June 2016







DIRECTOR: Mr SN Croft



REGISTERED OFFICE: 5-6 High Street
Lincoln
Lincolnshire
LN5 8BG



REGISTERED NUMBER: 09627085 (England and Wales)



ACCOUNTANTS: Chris Rooke Management Limited
F.M.A.A.T.
Greetwell Place, 2 Lime Kiln Way
Greetwell Road
Lincoln
Lincolnshire
LN2 4US



BANKERS: Santander UK Plc
Customer Services Centre
Bootle
Merseyside
L30 4GB
Page 1
Croft Carpets, Curtains & Blinds Limited (Registered number: 09627085)

Abbreviated Balance Sheet
30 June 2016

Notes £    £   
FIXED ASSETS
Intangible assets 2 10,046
Tangible assets 3 13,875
23,921

CURRENT ASSETS
Stocks 2,500
Debtors 13,157
Cash at bank and in hand 15,125
30,782
CREDITORS
Amounts falling due within one year 54,591
NET CURRENT LIABILITIES (23,809 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
112

CAPITAL AND RESERVES
Called up share capital 4 100
Profit and loss account 12
SHAREHOLDERS' FUNDS 112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year
in accordance with the requirements of Sections 394 and 395 and which otherwise comply
with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
Croft Carpets, Curtains & Blinds Limited (Registered number: 09627085)

Abbreviated Balance Sheet - continued
30 June 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 12 December 2016 and were signed
by:





Mr SN Croft - Director


The notes form part of these abbreviated accounts

Page 3
Croft Carpets, Curtains & Blinds Limited (Registered number: 09627085)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the
balance sheet. Those held under hire purchase contracts are depreciated over their
estimated useful lives. Those held under finance leases are depreciated over their
estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the
relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight
line basis over the period of the lease.

Page 4 continued...
Croft Carpets, Curtains & Blinds Limited (Registered number: 09627085)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 10,575
At 30 June 2016 10,575
AMORTISATION
Amortisation for year 529
At 30 June 2016 529
NET BOOK VALUE

At 30 June 2016 10,046

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 18,500
At 30 June 2016 18,500
DEPRECIATION
Charge for year 4,625
At 30 June 2016 4,625
NET BOOK VALUE
At 30 June 2016 13,875

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

Page 5 continued...
Croft Carpets, Curtains & Blinds Limited (Registered number: 09627085)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2016

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended
30 June 2016:

£   
Mr SN Croft
Balance outstanding at start of year -
Amounts advanced 773
Amounts repaid -
Balance outstanding at end of year 773

The directors loan was repaid in full after the year end

Page 6
Croft Carpets, Curtains & Blinds Limited

Report of the Accountants to the Director of
Croft Carpets, Curtains & Blinds Limited

The following reproduces the text of the report prepared for the director in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated
accounts (set out on pages two to six) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Chris Rooke Management Limited
F.M.A.A.T.
Greetwell Place, 2 Lime Kiln Way
Greetwell Road
Lincoln
Lincolnshire
LN2 4US


12 December 2016

This page does not form part of the abbreviated accounts

Page 7