CRYSTALMAKER SOFTWARE LIMITE - Accounts 2014


Registered number: 04824441






CrystalMaker Software Ltd


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/07/2014
























Prepared By:
Dovey Accountancy Services Limited
Chartered Certified Accountants
Heyford Park House
Heyford Park
Upper Heyford
Bicester
OX25 5HD


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/07/2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 04824441


Registered Number: 04824441

BALANCE SHEET AT 31/07/2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Intangible assets	2		29,240		36,709
Tangible assets	3		11,111		18,937

			40,351		55,646

CURRENT ASSETS
Stock		1,752		1,310
Debtors (amounts falling due within one year)	4	19,338		9,095
Cash at bank and in hand		148,005		120,538
		169,095		130,943
CREDITORS: Amounts falling due within one year		90,521		73,874
NET CURRENT ASSETS			78,574		57,069
TOTAL ASSETS LESS CURRENT LIABILITIES			118,925		112,715

CAPITAL AND RESERVES

Called up share capital	5		2		2
Profit and loss account			118,923		112,713
SHAREHOLDERS' FUNDS			118,925		112,715

For the year ending 31/07/2014 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 14/11/2014 and signed on their behalf by




Dr S Palmer
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		straight line 20%
Equipment		straight line 33.33%
Motor Cars		straight line 25%




1d. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is deferred and charged in relation to sales from such projects when income first accrues.
Development expenditure written off is accounted for as a direct cost of sales.




1e. Stocks
Stocks are valued at the lower of cost and and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first in, first-out basis, including transport.




1f. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation as a result of timing differences between the net book value of tangible fixed assets for accounting purposes and their written down value after capital allowances at the balance sheet date. It is based upon the expectation of future taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply to periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.




1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1h. Goodwill
Goodwill is written off in equal instalments over 10 years, being the useful economic life of the asset.




4. DEBTORS	2014	2013
	£	£

Amounts falling due within one year:
Trade debtors	16,686	7,813
VAT	431	-
Other debtors	2,221	1,282
	19,338	9,095




5. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




6. RELATED PARTY TRANSACTIONS
The directors own the whole of the issued share capital. At 31 July 2014 the company owed the directors £61,906 (2013: £48,080).