Crisp Industries Limited - Period Ending 2017-03-31

Registration number: 10439684

Crisp Industries Limited

Annual Report and Unaudited Financial Statements

for the Period from 21 October 2016 to 31 March 2017

Henry and Banwell Limited
26 Berkeley Square
Clifton
Bristol
BS8 1HP

Crisp Industries Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 5

Crisp Industries Limited

Company Information

Director

Mr Crispin Waterhouse

Registered office

26 Berkeley Square Clifton Bristol BS8 1HP

Accountants

Henry and Banwell Limited 26 Berkeley Square Clifton Bristol BS8 1HP

Page 1

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Crisp Industries Limited
for the Period Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Crisp Industries Limited for the period ended 31 March 2017 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Crisp Industries Limited, as a body, in accordance with the terms of our engagement letter dated 19 April 2017. Our work has been undertaken solely to prepare for your approval the accounts of Crisp Industries Limited and state those matters that we have agreed to state to the Board of Directors of Crisp Industries Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crisp Industries Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Crisp Industries Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Crisp Industries Limited. You consider that Crisp Industries Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Crisp Industries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Henry and Banwell Limited
26 Berkeley Square
Clifton
Bristol
BS8 1HP

23 August 2017

Page 2

Crisp Industries Limited

(Registration number: 10439684)
Balance Sheet as at 31 March 2017

	Note	2017 £
Current assets
Cash at bank and in hand		14,617
Creditors: Amounts falling due within one year	4	(6,747)
Net assets		7,870
Capital and reserves
Called up share capital		100
Profit and loss account		7,770
Total equity		7,870

For the financial period 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:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 23 August 2017
 

.........................................

Mr Crispin Waterhouse

Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Crisp Industries Limited

Notes to the Financial Statements for the Period from 21 October 2016 to 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
26 Berkeley Square
Clifton
Bristol
BS8 1HP

These financial statements were authorised for issue by the director on 23 August 2017.

2	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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Page 4

Crisp Industries Limited

Notes to the Financial Statements for the Period from 21 October 2016 to 31 March 2017

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Creditors

	Note	2017 £
Due within one year
Taxation and social security		958
Other creditors		5,789
		6,747

5	Transition to FRS 102

There is no effect on the figures in the Profit and Loss or Balance Sheet, following the transition to FRS 102.

Page 5