Abbreviated Company Accounts - CME WORKS LIMITED

09475463 CME WORKS LIMITED 2016-08-31 false 2015-03-06 2016-08-31 true 09475463 2015-03-06 2016-08-31 09475463 2016-08-31 09475463 uk-gaap-cd-bus:Director1 2015-03-06 2016-08-31 09475463 uk-gaap-cd-bus:Director2 2015-03-06 2016-08-31 uk-gaap-cd-bus:Director3 2015-03-06 2016-08-31 uk-gaap-cd-bus:Director3 2016-08-31 iso4217:GBP shares

Registered Number 09475463

CME WORKS LIMITED

Abbreviated Accounts

31 August 2016

CME WORKS LIMITED Registered Number 09475463

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016
		£
Fixed assets
Intangible assets	2	83,223
Tangible assets	3	85,492
Investments	4	17,313
		186,028
Current assets
Stocks		82,096
Debtors		30,151
Cash at bank and in hand		20,573
		132,820
Creditors: amounts falling due within one year	5	(264,070)
Net current assets (liabilities)		(131,250)
Total assets less current liabilities		54,778
Total net assets (liabilities)		54,778
Capital and reserves
Called up share capital		100
Profit and loss account		54,678
Shareholders' funds		54,778

For the year ending 31 August 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 23 December 2016

And signed on their behalf by:
Graham Goss, Director
Robin Moore, Director

CME WORKS LIMITED Registered Number 09475463

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

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 net invoiced sales of goods excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at rates sufficient to write off each asset over its estimated useful life.
Rates applied are:
Plant & machinery 10% on cost
Motor vehicles 20% on cost
Office equipment 20% on cost

Intangible assets amortisation policy
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.

2Intangible fixed assets

	£
Cost
Additions	86,532
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	86,532
Amortisation
Charge for the year	3,309
On disposals	-
At 31 August 2016	3,309
Net book values
At 31 August 2016	83,223

3Tangible fixed assets

	£
Cost
Additions	96,917
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	96,917
Depreciation
Charge for the year	11,425
On disposals	-
At 31 August 2016	11,425
Net book values
At 31 August 2016	85,492

4Fixed assets Investments
Interest in associated company.

5Creditors

	2016 £
Secured Debts	58,000
Instalment debts due after 5 years	0
Non-instalment debts due after 5 years	0

6Transactions with directors

Name of director receiving advance or credit:	Mr R Moore
Description of the transaction:	Loan to Company
Balance at 6 March 2015:	-
Advances or credits made:	£ 58,000
Advances or credits repaid:	-
Balance at 31 August 2016:	£ 58,000

At August 31 2016 the company was indebted to Mr R Moore (a director) in the sum of £58000. This sum was secured by a fixed and floating charge over all the assets of the company