Crestgold Services Limited - Period Ending 2017-12-31
Crestgold Services Limited - Period Ending 2017-12-31
Registration number:
FINANCIAL PERIOD DATA REFRESH REQUIRED
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Crestgold Services Limited
for the Year Ended 31 December 2017
7a Harmer Street
Gravesend
Kent
DA12 2AP
Crestgold Services Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
Crestgold Services Limited
Company Information
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Director |
Mr Jasbir Sandhu |
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Company secretary |
Ms Laura Rose McKeon |
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Registered office |
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Accountants |
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Page 1 |
Crestgold Services Limited
Director's Report for the Year Ended 31 December 2017
The director presents his report and the abridged financial statements for the year ended 31 December 2017.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is operation of a nightclub.
Small companies provision statement
This report has 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.
Approved by the
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Director
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Page 2 |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Crestgold Services Limited
for the Year Ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Crestgold Services Limited for the year ended 31 December 2017 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
It is your duty to ensure that Crestgold Services 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 Crestgold Services Limited. You consider that Crestgold Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Crestgold Services 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.
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Gravesend
Kent
DA12 2AP
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Page 3 |
Crestgold Services Limited
Abridged Profit and Loss Account for the Year Ended 31 December 2017
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Note |
2017 |
2016 |
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Gross profit |
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Administrative expenses |
( |
( |
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Interest payable and similar expenses |
- |
( |
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Profit/(loss) before tax |
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( |
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Taxation |
- |
( |
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Profit/(loss) for the financial year |
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( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
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Page 4 |
Crestgold Services Limited
Statement of Comprehensive Income for the Year Ended 31 December 2017
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2017 |
2016 |
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Profit/(loss) for the year |
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( |
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Total comprehensive income for the year |
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( |
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Page 5 |
Crestgold Services Limited
(Registration number: 04519828)
Abridged Balance Sheet as at 31 December 2017
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Note |
2017 |
2016 |
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Current assets |
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Stocks |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
.........................................
Director
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Page 6 |
Crestgold Services Limited
Statement of Changes in Equity for the Year Ended 31 December 2017
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Share capital |
Profit and loss account |
Total |
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At 1 January 2017 |
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( |
( |
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Profit for the year |
- |
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Total comprehensive income |
- |
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At 31 December 2017 |
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( |
( |
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Share capital |
Profit and loss account |
Total |
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At 1 January 2016 |
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( |
( |
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Loss for the year |
- |
( |
( |
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Total comprehensive income |
- |
( |
( |
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At 31 December 2016 |
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( |
( |
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Page 7 |
Crestgold Services Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2017
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 abridged 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 abridged 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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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Page 8 |
Crestgold Services Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2017
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.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Stocks |
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2017 |
2016 |
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Other inventories |
- |
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Share capital |
Allotted, called up and fully paid shares
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2017 |
2016 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
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Page 9 |