Abbreviated Company Accounts - CITYSQUARED LIMITED

CITYSQUARED LIMITED - Company Information

05038095 CITYSQUARED LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 05038095 2012-11-01 2013-10-31 05038095 2013-10-31 05038095 2012-10-31 05038095 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 05038095 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:Director3 2012-11-01 2013-10-31 uk-gaap-cd-bus:Director3 2013-10-31 uk-gaap-cd-bus:Director3 2012-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 05038095

CITYSQUARED LIMITED

Abbreviated Accounts

31 October 2013

CITYSQUARED LIMITED Registered Number 05038095

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	3,799	6,481
		3,799	6,481
Current assets
Stocks		45,402	35,061
Debtors		5,988	95,827
		51,390	130,888
Creditors: amounts falling due within one year		(91,161)	(152,984)
Net current assets (liabilities)		(39,771)	(22,096)
Total assets less current liabilities		(35,972)	(15,615)
Creditors: amounts falling due after more than one year		(116,370)	(114,513)
Total net assets (liabilities)		(152,342)	(130,128)
Capital and reserves
Called up share capital	3	200	200
Share premium account		15,000	15,000
Profit and loss account		(167,542)	(145,328)
Shareholders' funds		(152,342)	(130,128)

For the year ending 31 October 2013 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 28 July 2014

And signed on their behalf by:
Tristan Williams, Director

CITYSQUARED LIMITED Registered Number 05038095

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 33% straight line
Fixtures, fittings - 33% straight line Office Equipment & 20% reducing balance
and equipment fixtures & fittings
Motor vehicles - 33% straight line

Valuation information and policy
Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value

Other accounting policies
Going Concern Note

There is a net deficiency of assets of £152343 at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading. The support will be reviewed 12 months from the date of these financial statements.

2Tangible fixed assets

	£
Cost
At 1 November 2012	16,011
Additions	499
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	16,510
Depreciation
At 1 November 2012	9,530
Charge for the year	3,181
On disposals	-
At 31 October 2013	12,711
Net book values
At 31 October 2013	3,799
At 31 October 2012	6,481

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

	2013 £	2012 £
200 Ordinary shares of £1 each	200	200

4Transactions with directors

Name of director receiving advance or credit:	Patrick Cusk
Description of the transaction:	Directors Loan
Balance at 1 November 2012:	£ 114,512
Advances or credits made:	£ 1,858
Advances or credits repaid:	-
Balance at 31 October 2013:	£ 116,370

At 31 October 2013, the company owed Patrick Cusk £116370 (2012: £114512) under an interest free directors loan account. These amounts are included in other creditors falling due after more than one year.