Crown Construction (NW) Limited - Period Ending 2014-03-31

Registration number: 04746305

Crown Construction (NW) Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 March 2014
 

Wilds Ltd
  Chartered Accountants
  Lancaster House
  70-76 Blackburn Street
  Radcliffe
  Manchester
  M26 2JW

Crown Construction (NW) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Crown Construction (NW) Limited
(Registration number: 04746305)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			129			1,080
Current assets
Stocks					159,695			159,695
Debtors					38,846			30,478
Cash at bank and in hand					32,147			37,057
					230,688			227,230
Creditors: Amounts falling due within one year					(210,749)			(187,685)
Net current assets					19,939			39,545
Net assets					20,068			40,625
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					19,968			40,525
Shareholders' funds					20,068			40,625

For the year ending 31 March 2014 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board on 22 August 2014 and signed on its behalf by:

.........................................
Mr A Lewis
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Crown Construction (NW) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The directors consider that the use of the going concern basis of accounting is appropriate because there are no material uncertainties relating to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Crown Construction (NW) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		10,663			10,663
Disposals		(10,000)			(10,000)
At 31 March 2014		663			663
Depreciation
At 1 April 2013		9,583			9,583
Charge for the year		43			43
Eliminated on disposals		(9,092)			(9,092)
At 31 March 2014		534			534
Net book value
At 31 March 2014		129			129
At 31 March 2013		1,080			1,080

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary share of £1 each		100			100			100			100

Page 3