Citysquared Limited Accounts

CITYSQUARED LIMITED - Company Information






Citysquared Limited
	Company No. 05038095
		Abbreviated Accounts
		31 October 2016

at	31 October 2016

Company No.		05038095	Notes	2016	2015
				£	£
Fixed assets

	Tangible assets		2	6,179	7,663

				6,179	7,663
Current assets
	Stocks			65,012	17,743
	Debtors			17,632	26,040

	Cash at bank and in hand			5	30,636
				82,649	74,419
Creditors: Amounts falling due within one year				(170,248)	(152,886)
Net current liabilities				(87,599)	(78,467)
Total assets less current liabilities				(81,420)	(70,804)
Creditors: Amounts falling due after more than one year				(13,629)	(19,078)



Net liabilities				(95,049)	(89,882)

Capital and reserves
	Called up share capital		3	200	200
	Share premium account			15,000	15,000


	Profit and loss account			(110,249)	(105,082)

Shareholders' funds				(95,049)	(89,882)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 31 October 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 23 May 2017

And signed on its behalf by:

T. Williams
Director
23 May 2017

for the year ended 31 October 2016

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) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Plant and machinery

33% Straight line

Motor vehicles

33% Straight line

Furniture, fittings and equipment

20% Reducing balance

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Pension costs

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 November 2015	27,873	27,873
	Additions	54	54


	Disposals	(8,500)	(8,500)
	At 31 October 2016	19,427	19,427
	Amortisation
	At 1 November 2015	20,210	20,210
	Charge for the year	1,538	1,538


	Disposals	(8,500)	(8,500)
	At 31 October 2016	13,248	13,248
	Net book values
	At 31 October 2016	6,179	6,179
	At 31 October 2015	7,663	7,663

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	100	100	100
	Ordinary B Shares	1.00	100	100	100



				200	200