Croftmex Consultancy Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07647322 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30th September 2016

for

Croftmex Consultancy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr J S Sawhney

REGISTERED OFFICE:

3 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9RS

REGISTERED NUMBER:

07647322 (England and Wales)

ACCOUNTANTS:

Dua & Co. Limited

3 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9RS

FIXED ASSETS

Intangible assets

2

-

6,017

Tangible assets

3

6,468

6,816

6,468

12,833

CURRENT ASSETS

Debtors

2,089

-

Cash at bank

101,972

142,472

104,061

142,472

CREDITORS

Amounts falling due within one year

(13,040

)

(8,950

)

NET CURRENT ASSETS

91,021

133,522

TOTAL ASSETS LESS CURRENT LIABILITIES

97,489

146,355

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

97,487

146,353

SHAREHOLDERS' FUNDS

97,489

146,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and
of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25th May 2017 and were signed by:

Dr J S Sawhney - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

and 30th September 2016

30,084

AMORTISATION

At 1st October 2015

24,067

Amortisation for year

6,017

At 30th September 2016

30,084

NET BOOK VALUE

At 30th September 2016

-

At 30th September 2015

6,017

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

12,565

Additions

1,808

At 30th September 2016

14,373

DEPRECIATION

At 1st October 2015

5,749

Charge for year

2,156

At 30th September 2016

7,905

NET BOOK VALUE

At 30th September 2016

6,468

At 30th September 2015

6,816

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2016 and 30th September 2015:

2016

2015

£

Dr J S Sawhney

Balance outstanding at start of year

-

Amounts advanced

2,089

-

Amounts repaid

-

Balance outstanding at end of year

2,089

-

The director paid back the loan during the financial period within 9 months.