CROWHURST GALE ESTATE AGENTS LTD
CROWHURST GALE ESTATE AGENTS LTD
Registered number: 4856642
Abbreviated accounts
For The Year Ended 31 August 2016
22 Ulverston
Brownsover
Rugby
Warwickshire
CV21 1EE
CROWHURST GALE ESTATE AGENTS LTD
Company No. 4856642
Abbreviated Balance Sheet
31 August 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| 4,062 | 4,644 | ||||
| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET ASSETS |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS |
( |
( |
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CROWHURST GALE ESTATE AGENTS LTD
Company No. 4856642
Abbreviated Balance Sheet (continued)
31 August 2016
Directors' responsibilities:
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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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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CROWHURST GALE ESTATE AGENTS LTD
Notes to the Abbreviated Accounts
For The Year Ended 31 August 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Going Concern Disclosure
The Accounts have been prepared on a going concern basis. The Company made a loss for the financial year of £594 and at the year end current liabilities exceeded current assets by £8,120. Mr B Gale has agreed to maintain support to the Company by introducing additional working capital if necessary. Mr B Gale is of the opinion that the Company will be able to continue to operate for at least 12 months from the date on which he approved these Accounts.
1.3.
Turnover
Turnover represents the amount derived from the provision of services to clients during the year, and excludes Value Added Tax.
1.4.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is recorded at cost and is amortised at 10% on cost
1.5.
Tangible Fixed Assets and Depreciation
Fixed assets are recorded at cost and are depreciated over their estimated useful lives, as follows:-
| Plant & Machinery |
|
| Motor Vehicles |
|
| Office Furniture |
|
| Office Equipment |
|
1.6.
Leasing and Hire Purchase Contracts
Assets held under hire purchase and finance lease agreements are included in fixed assets. The interest element of lease payments is charged to profit and loss account in proportion to the outstanding finance lease obligation. All other leases are regarded as operating leases and are charged to the profit and loss account over the lease term.
1.7.
Deferred Taxation
Provision is made in full for all taxation deferred in respect of timing differences that have originated but not reversed by the balance sheet date. No provision is made for taxation on permanent differences.
2.
Intangible Assets
| Total | ||
|---|---|---|
| Cost | £ | |
| As at |
67,500 | |
| As at |
67,500 | |
| Amortisation | ||
| As at |
67,500 | |
| As at |
67,500 | |
| Net Book Value | ||
| As at |
- | |
| As at |
- | |
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CROWHURST GALE ESTATE AGENTS LTD
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 August 2016
3.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| Disposals |
( |
| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| Disposals |
( |
| As at |
|
| Net Book Value | |
| As at |
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| As at |
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5.
Ultimate Controlling Party
The company's ultimate controlling parties were Mr B Gale and the Estate of Mr P Crowhurst by virtue of their ownership of 50% each of the issued share capital in the company.
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