Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

CROMWELL NEWS LIMITED - Company Information

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CROMWELL NEWS LIMITED

Company Registration Number:
05182450 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

CROMWELL NEWS LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 71,953 73,640
Total fixed assets: 71,953 73,640
Current assets
Stocks: 9,514 8,942
Debtors: 3 399
Cash at bank and in hand: 354 334
Total current assets: 10,267 9,276
Creditors: amounts falling due within one year: 4 ( 78,385 ) ( 80,501 )
Net current assets (liabilities): ( 68,118 ) ( 71,225 )
Total assets less current liabilities: 3,835 2,415
Total net assets (liabilities): 3,835 2,415

The notes form part of these financial statements

CROMWELL NEWS LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 100 100
Profit and loss account: 3,735 2,315
Shareholders funds: 3,835 2,415

For the year ending 31 March 2016 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 2015.

The financial statements were approved by the Board of Directors on 27 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Haider Alkutubi
Status: Director

The notes form part of these financial statements

CROMWELL NEWS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    The turnover shown in the profit and loss accounts represents the sales of Tobacco, confectioner, Gift and Souvenir etc. during the year.

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost.

    Depreciation is calculated so as to write off the cost of an asset. Less its estimated residual value over the useful economies life of that asset as follows:

    Leasehold property Nil
    Fixtures & Fittings - 25% per annum - reducing balance basis
    Motor vehicle - 18% per annum - reducing balance basis

CROMWELL NEWS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 93,441
    Additions: 648
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 94,089
    Depreciation
    01 April 2015: 19,801
    Charge for year: 2,335
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 22,136
    Net book value
    31 March 2016: 71,953
    31 March 2015: 73,640

CROMWELL NEWS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Prepayments and accrued income: 399
    Total: 399 0

CROMWELL NEWS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 14,193 11,541
    Trade creditors: 10,290 10,196
    Taxation and social security: 531 802
    Accruals and deferred income: 11,362 3,959
    Other creditors: 42,009 54,003
    Total: 78,385 80,501

CROMWELL NEWS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100