CRAWFORDS_HOLDINGS_LIMITE - Accounts
CRAWFORDS_HOLDINGS_LIMITE - Accounts
Company Registration No. 00557731 (England and Wales)
FOR THE YEAR ENDED 31 MARCH 2016
COMPANY INFORMATION
Directors
Secretary
Company number
Registered office
Accountants
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The directors present their report and financial statements for the year ended 31 March 2016.
Directors
The following directors have held office since 1 April 2015:
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
By order of the board
Secretary
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CRAWFORDS HOLDINGS LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crawfords Holdings Limited for the year ended 31 March 2016 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Crawfords Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 9 December 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Crawfords Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Crawfords Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crawfords Holdings Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Crawfords Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crawfords Holdings Limited. You consider that Crawfords Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Crawfords Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Crawfords Accountants LLP
Chartered Accountants
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2016
2015
Notes
£
£
Turnover
Administrative expenses
(842 )
(815 )
Profit on ordinary activities before taxation
Tax on profit on ordinary activities
2
(9,532 )
(9,537 )
Profit for the year
7
BALANCE SHEET
AS AT
31 MARCH 2016
- 4 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
4
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
5
(24,831 )
(24,837 )
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
6
Profit and loss account
7
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 5 December 2016
Director
Company Registration No. 00557731
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
- 5 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Land and buildings Freehold
Depreciation has not been provided on Freehold property as in the opinion of the directors the recoverable value is at least equal to the value included in the financial statements.
2
Taxation
2016
2015
£
£
Domestic current year tax
U.K. corporation tax
Total current tax
3
Dividends
2016
2015
£
£
Ordinary interim paid
37,000
27,750
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 6 -
4
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2015 & at 31 March 2016
Depreciation
At 1 April 2015 & at 31 March 2016
-
Net book value
At 31 March 2016
At 31 March 2015
5
Creditors: amounts falling due within one year
2016
2015
£
£
Taxation and social security
Other creditors
6
Share capital
2016
2015
£
£
Allotted, called up and fully paid
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 7 -
7
Statement of movements on profit and loss account
Profit
and loss
account
and loss
account
£
Balance at 1 April 2015
Profit for the year
Dividends paid
(37,000 )
Balance at 31 March 2016
8
Control
There is no overall control within the company.
9
Related party relationships and transactions
Dividends to Directors
The following directors were paid dividends during the year as outlined in the table below:
2016
2015
£
£
B Blakeney
4,933
3,700
4,933
3,700
During the year the company also paid dividends to Mrs D V Crawford, the company secretary. amounting to £22,200 (2015 - £16,650).
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2016
2016
2015
£
£
£
£
Turnover
Rent Receivable
48,500
48,500
Administrative expenses
(842)
(815)
Operating profit
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 MARCH 2016
2016
2015
£
£
Administrative expenses
Accountancy
700
700
Bank charges
85
75
Sundry expenses
57
40