Crafts Alive Ltd


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Company Registration No. 03085568 (England and Wales)
Crafts Alive Ltd Abbreviated unaudited accounts for the year ended 31 August 2016
Crafts Alive Ltd Abbreviated Balance Sheet as at 31 August 2016
2016 
2015 
Notes
£ 
£ 
Current assets
Debtors
867 
1,179 
Cash at bank and in hand
9,379 
4,453 
10,246 
5,632 
Creditors: amounts falling due within one year
(450)
(400)
Net current assets
9,796 
5,232 
Net assets
9,796 
5,232 
Reserves
Profit and loss account
9,796 
5,232 
Members' funds
9,796 
5,232 
For the year ending 31 August 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 12 May 2017
Sally Jane Rowles Director Company Registration No. 03085568
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Crafts Alive Ltd Notes to the Abbreviated Accounts for the year ended 31 August 2016
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value of the commissions received from the retail sale of members' art work.
2
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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