Centreco (Developments) Limited - Period Ending 2017-03-31
Centreco (Developments) Limited - Period Ending 2017-03-31
Registration number:
Centreco (Developments) Limited
for the Year Ended 31 March 2017
Unit B Broad Oak Business Park,
Redbrook Maelor,
Whitchurch
SY13 3AQ
Centreco (Developments) Limited
Contents
Company Information |
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Director's Report |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
Centreco (Developments) Limited
Company Information
Director |
Mr Philip Mooney |
Registered office |
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Accountants |
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Page 1 |
Centreco (Developments) Limited
Director's Report for the Year Ended 31 March 2017
The director presents his report and the abridged financial statements for the year ended 31 March 2017.
Incorporation
The company was incorporated and commenced trading on
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Marketing
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mr Philip Mooney
Director
Page 2 |
Centreco (Developments) Limited
Statement of Comprehensive Income for the Year Ended 31 March 2017
Note |
2017 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 3 |
Centreco (Developments) Limited
(Registration number: 10096659)
Abridged Balance Sheet as at 31 March 2017
Note |
2017 |
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Creditors: Amounts falling due within one year |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the director on
.........................................
Mr Philip Mooney
Director
Page 4 |
Centreco (Developments) Limited
Statement of Changes in Equity for the Year Ended 31 March 2017
Share capital |
Profit and loss account |
Total |
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Profit for the year |
- |
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Total comprehensive income |
- |
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New share capital subscribed |
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- |
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At 31 March 2017 |
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Page 5 |
Centreco (Developments) Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, Fittings and Equipment |
25% straight line |
Page 6 |
Centreco (Developments) Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2017
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Profit before tax |
Arrived at after charging/(crediting)
2017 |
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Depreciation expense |
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Tangible assets |
Total |
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Cost or valuation |
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Additions |
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Disposals |
( |
At 31 March 2017 |
- |
Depreciation |
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Charge for the |
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Eliminated on disposal |
( |
At 31 March 2017 |
- |
Carrying amount |
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At 31 March 2017 |
- |
Page 7 |