CROSS_GREEN_DEVELOPMENTS_ - Accounts

CROSS_GREEN_DEVELOPMENTS_ - Accounts

CROSS GREEN DEVELOPMENTS LIMITED - Company Information

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CROSS GREEN DEVELOPMENTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014
Company Registration No. 07136720 (England and Wales)
CROSS GREEN DEVELOPMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CROSS GREEN DEVELOPMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2014
31 January 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
18,784
-
0
Current assets
Stocks
252,836
-
0
Debtors
271,277
-
0
Cash at bank and in hand
32,736
400
556,849
400
Creditors: amounts falling due within one year
(535,163)
-
0
Net current assets
21,686
400
Total assets less current liabilities
40,470
400
Provisions for liabilities
(456)
-
0
40,014
400
Capital and reserves
Called up share capital
3
400
400
Profit and loss account
39,614
-
0
Shareholders' funds
40,014
400
For the financial year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 10 October 2014
A Dunne
Director
Company Registration No. 07136720
CROSS GREEN DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost 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 and profits
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value relating to the level of completion to date.

1.4
Tangible fixed assets and depreciation
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:
Plant and machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Work in progress is valued at the lower of cost and net realisable value.
1.7
Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
CROSS GREEN DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2013
-
Additions
18,840
At 31 January 2014
18,840
Depreciation
At 1 February 2013
-
Charge for the year
56
At 31 January 2014
56
Net book value
At 31 January 2014
18,784
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
200 Ordinary A shares of £1 each
200
200
200 Ordinary B shares of £1 each
200
200
400
400
2014-01-312013-02-01truetruetruetmp63C9.html2014-10-28falsetruetrue071367202013-02-012014-01-31071367202014-01-31071367202013-01-31071367202013-01-3107136720uk-bus:Director12013-02-012014-01-3107136720uk-gaap:PlantMachinery2013-02-012014-01-3107136720uk-gaap:MotorVehicles2013-02-012014-01-3107136720uk-bus:OrdinaryShareClass12013-02-012014-01-3107136720uk-bus:OrdinaryShareClass22013-02-012014-01-3107136720uk-bus:OrdinaryShareClass12014-01-3107136720uk-bus:OrdinaryShareClass22014-01-3107136720uk-bus:OrdinaryShareClass12013-01-3107136720uk-bus:OrdinaryShareClass22013-01-3107136720uk-curr:PoundSterling2013-02-012014-01-31xbrli:purexbrli:sharesiso4217:GBP