CROSSBOW BUILDERS LIMITED - Accounts 2014

CROSSBOW BUILDERS LIMITED - Accounts 2014

CROSSBOW BUILDERS LIMITED - Company Information

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  CROSSBOW BUILDERS LTD
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 MAY 2014
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-3 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
         
         
         
         
         
  CROSSBOW BUILDERS LTD
  Company registered number: 07632936
  ABBREVIATED BALANCE SHEET
  AT 31 May 2014
           
    Note 2013 2012
      £ £ £
  FIXED ASSETS
  Intangible assets 2 10,000 10,000
  Tangible Assets 3 1,370 713
      11,370 10,713
         
  CURRENT ASSETS
  Stock 1d 291 86
  Debtors falling due within one year   56,883 3,465
  Cash at bank and in hand   10,838 20,871
      68,012 24,422
  CREDITORS: Amounts falling due within one year   79,498 34,616
  NET CURRENT LIABILITIES   (11,486) (10,194)
  NET (LIABILITIES)/ASSETS   (£116) £519
       
  CAPITAL AND RESERVES
  Called up share capital 4 1 1
  Revaluation reserve 1g, 5 182 -
  Profit and loss account   (299) 518
  SHAREHOLDERS' FUNDS   (£116) £519
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 13 November 2014
 
 
         
  I Krasniqi, Director
   
  The notes on pages 2 to 3 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 MAY 2014
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention.
       
       
1b. Intangible fixed assets: research and development
       
  Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
         
         
1c. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 15%    
  Equipment Reducing balance 15%    
       
       
1d. Stocks
       
  Stocks are stated at the lower of cost and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first-in, first-out basis, including transport.
       
       
1e. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1f. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
       
       
1g. Revaluation reserve
       
  Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributable reserve known as the revaluation reserve (see also note 5).
       
  Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
  page 2
  CROSSBOW BUILDERS LTD
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2014
       
       
2. INTANGIBLE FIXED ASSETS 2013 2012
    £ £
  Cost
       
  At 1 June 2013 10,000 10,000
  At 31 May 2014 10,000 10,000
  Depreciation
       
  At 31 May 2014 - -
   
  Net Book Amounts
       
  At 31 May 2014 £10,000 £10,000
   
       
       
3. TANGIBLE FIXED ASSETS 2013 2012
    £ £
  Cost
       
  At 1 June 2013 987 987
  Additions 899 -
  At 31 May 2014 1,886 987
   
  Depreciation
       
  At 1 June 2013 274 148
  For the year 242 126
  At 31 May 2014 516 274
   
  Net Book Amounts
       
  At 31 May 2014 £1,370 £713
   
4. SHARE CAPITAL 2013 2012
    £ £
  Allotted, issued and fully paid:
  1 Ordinary shares of £1 each £1 £1
   
       
       
5. REVALUATION RESERVE 2013 2012
    £ £
  Tfr of realised revalres to P&L:Inv £182 £-
   
  page 3