Crossways Animal Care Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08914273 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Crossways Animal Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W R Lyons

K Long

J G Hoad

S Hoad

REGISTERED OFFICE:

43 School Hill

Storrington

West Sussex

RH20 4NA

REGISTERED NUMBER:

08914273 (England and Wales)

ACCOUNTANTS:

Thatcher Hobbs Langridge LLP

303 Goring Road

Worthing

West Sussex

BN12 4NX

FIXED ASSETS

Intangible assets

4

490,000

560,000

Tangible assets

5

78,063

86,237

568,063

646,237

CURRENT ASSETS

Stocks

61,740

49,500

Debtors

6

46,605

46,244

Cash at bank and in hand

132,674

70,685

241,019

166,429

CREDITORS

Amounts falling due within one year

7

482,535

632,624

NET CURRENT LIABILITIES

(241,516

)

(466,195

)

TOTAL ASSETS LESS CURRENT LIABILITIES

326,547

180,042

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

326,447

179,942

SHAREHOLDERS' FUNDS

326,547

180,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 September 2017 and were signed on its behalf by:

J G Hoad - Director

1.	STATUTORY INFORMATION

Crossways Animal Care Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of goods and services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

700,000

AMORTISATION

At 1 April 2016

140,000

Charge for year

70,000

At 31 March 2017

210,000

NET BOOK VALUE

At 31 March 2017

490,000

At 31 March 2016

560,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

104,313

Additions

10,709

At 31 March 2017

115,022

DEPRECIATION

At 1 April 2016

18,076

Charge for year

18,883

At 31 March 2017

36,959

NET BOOK VALUE

At 31 March 2017

78,063

At 31 March 2016

86,237

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

40,837

46,244

Other debtors

5,768

-

46,605

46,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

37,973

52,743

Taxation and social security

145,693

120,122

Other creditors

298,869

459,759

482,535

632,624

8.

RESERVES

Retained

earnings

£

At 1 April 2016

179,942

Profit for the year

282,505

Dividends

(136,000

)

At 31 March 2017

326,447

9.	RELATED PARTY DISCLOSURES

The controlling parties are Mr W R Lyons and Mr J G Hoad holding more than 25% shares of the Company.