Abbreviated Company Accounts - CROFTKEY LIMITED

SC309201 CROFTKEY LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true SC309201 2015-10-01 2016-09-30 SC309201 2016-09-30 SC309201 2015-09-30 SC309201 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 SC309201 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number SC309201

CROFTKEY LIMITED

Abbreviated Accounts

30 September 2016

CROFTKEY LIMITED Registered Number SC309201

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,591	1,518
		1,591	1,518
Current assets
Stocks		7,392	1,425
Debtors		1,008	12,052
Cash at bank and in hand		5,299	3,149
		13,699	16,626
Creditors: amounts falling due within one year		(16,526)	(13,673)
Net current assets (liabilities)		(2,827)	2,953
Total assets less current liabilities		(1,236)	4,471
Total net assets (liabilities)		(1,236)	4,471
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(1,237)	4,470
Shareholders' funds		(1,236)	4,471

For the year ending 30 September 2016 the company was entitled to exemption 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.

Approved by the Board on 28 June 2017

And signed on their behalf by:
Douglas Lithgow, Director

CROFTKEY LIMITED Registered Number SC309201

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery etc - 25% on reducing balance

Other accounting policies
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 October 2015	5,321
Additions	680
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	6,001
Depreciation
At 1 October 2015	3,803
Charge for the year	607
On disposals	-
At 30 September 2016	4,410
Net book values
At 30 September 2016	1,591
At 30 September 2015	1,518

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1