Croft Business Services (UK) Limited Company Accounts
Croft Business Services (UK) Limited Company Accounts
COMPANY REGISTRATION NUMBER:
07152546
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Financial Statements |
Year ended 31 March 2017
Contents |
Page |
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2017
5 Royal Road
Stanley
Co. Durham
DH9 8AJ
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
8 |
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-------- |
-------- |
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Net current liabilities |
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--------- |
-------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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--------- |
-------- |
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Net assets |
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--------- |
-------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
-------- |
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Shareholders funds |
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-------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
29 December 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
07152546
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Notes to the Financial Statements |
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Meadowcroft Manor, Willow Ave, Greencroft, Stanley, DH9 8JN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 12.
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery |
- |
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Fixtures and Fittings |
- |
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Motor Vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Finance leases and hire purchase contracts
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
20
(2016:
20
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 April 2016 and 31 March 2017 |
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Amortisation |
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At 1 April 2016 and 31 March 2017 |
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Carrying amount |
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At 31 March 2017 |
– |
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6.
Tangible assets
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2016 |
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– |
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Additions |
– |
– |
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------- |
------- |
--------- |
---- |
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At 31 March 2017 |
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------- |
------- |
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---- |
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Depreciation |
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At 1 April 2016 |
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– |
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Charge for the year |
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------- |
------- |
--------- |
---- |
--------- |
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At 31 March 2017 |
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------- |
------- |
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---- |
--------- |
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Carrying amount |
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At 31 March 2017 |
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------- |
------- |
--------- |
---- |
--------- |
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At 31 March 2016 |
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– |
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------- |
------- |
--------- |
---- |
--------- |
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7.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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-------- |
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8.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
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Social security and other taxes |
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Other creditors |
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-------- |
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9.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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Other creditors |
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– |
-------- |
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10.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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-------- |
------- |
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2016 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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– |
(
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-------- |
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11.
Related party transactions
The company was under the control the directors throughout the current and previous year. The directors are also the shareholders. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.
12.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
No transitional adjustments were required in equity or profit or loss for the year.