CRMC CLOTHING LIMITED

CRMC CLOTHING LIMITED

CRMC CLOTHING LIMITED - Company Information

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CRMC CLOTHING LIMITED

Company Registration Number:
SC433537 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 October 2016

End date: 30 September 2017

CRMC CLOTHING LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

CRMC CLOTHING LIMITED

Balance sheet

As at 30 September 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 3,772 1,228
Total fixed assets: 3,772 1,228
Current assets
Stocks: 36,145 13,202
Debtors:   711
Cash at bank and in hand: 1,596 3,497
Total current assets: 38,452 16,699
Creditors: amounts falling due within one year: 4 (8,408) (5,534)
Net current assets (liabilities): 30,044 11,165
Total assets less current liabilities: 33,816 12,393
Creditors: amounts falling due after more than one year: 5 (9,000) (9,000)
Total net assets (liabilities): 24,816 3,393
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 24,815 3,392
Shareholders funds: 24,816 3,393

The notes form part of these financial statements

CRMC CLOTHING LIMITED

Balance sheet statements

For the year ending 30 September 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 June 2018
and signed on behalf of the board by:

Name: Gareth Cook
Status: Director

The notes form part of these financial statements

CRMC CLOTHING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixtures, Fittings & Equipment - 20% Reducing BalanceComputer Equipment - 33% Straight Line

CRMC CLOTHING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Employees

2017 2016
Average number of employees during the period 1 1

CRMC CLOTHING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Tangible Assets

Total
Cost £
At 01 October 2016 1,734
Additions 3,458
At 30 September 2017 5,192
Depreciation
At 01 October 2016 506
Charge for year 914
At 30 September 2017 1,420
Net book value
At 30 September 2017 3,772
At 30 September 2016 1,228

CRMC CLOTHING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

4. Creditors: amounts falling due within one year note

Trade CreditorsCorporation TaxOther Creditiors

CRMC CLOTHING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

5. Creditors: amounts falling due after more than one year note

Bank Loans and Overdrafts