Craig Tilly (Search) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05701397 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Craig Tilly (Search) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Jones

SECRETARY:

M Jones

REGISTERED OFFICE:

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

REGISTERED NUMBER:

05701397 (England and Wales)

ACCOUNTANTS:

Richard Morgan and Company

Chartered Accountants

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

FIXED ASSETS

Tangible assets

2

45,226

43,183

CURRENT ASSETS

Cash at bank

48,075

38,097

CREDITORS

Amounts falling due within one year

50,939

98,275

NET CURRENT LIABILITIES

(2,864

)

(60,178

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,362

(16,995

)

CAPITAL AND RESERVES

Called up share capital

3

80

2

Share premium

49,980

-

Profit and loss account

(7,698

)

(16,997

)

SHAREHOLDERS' FUNDS

42,362

(16,995

)

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 27 September 2016 and were signed by:

C Jones - 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 services, 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.

Freehold property

-

2% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

vehicles

equipment

Totals

£

COST

At 1 January 2015

44,249

21,148

1,532

66,929

Additions

-

4,414

At 31 December 2015

44,249

21,148

5,946

71,343

DEPRECIATION

At 1 January 2015

2,214

21,149

383

23,746

Charge for year

885

(1

)

1,487

2,371

At 31 December 2015

3,099

21,148

1,870

26,117

NET BOOK VALUE

At 31 December 2015

41,150

-

4,076

45,226

At 31 December 2014

42,035

(1

)

1,149

43,183

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2

Ordinary

£1

80

2