Craftmore Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07464145 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Craftmore Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J E Thorp

REGISTERED OFFICE:

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

REGISTERED NUMBER:

07464145 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Tangible assets

2

5,731

22,979

CURRENT ASSETS

Debtors

-

7,276

Cash at bank

36,733

1,386

36,733

8,662

CREDITORS

Amounts falling due within one year

40,646

25,405

NET CURRENT LIABILITIES

(3,913

)

(16,743

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,818

6,236

CREDITORS

Amounts falling due after more than one
year

1,540

2,464

NET ASSETS

278

3,772

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

277

3,771

SHAREHOLDERS' FUNDS

278

3,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 August 2016 and were signed by:

J E Thorp - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

30,640

Additions

4,750

Disposals

(26,750

)

At 31 December 2015

8,640

DEPRECIATION

At 1 January 2015

7,661

Charge for year

1,936

Eliminated on disposal

(6,688

)

At 31 December 2015

2,909

NET BOOK VALUE

At 31 December 2015

5,731

At 31 December 2014

22,979

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1