Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

FINLEX LIMITED - Company Information

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CRESCENT ADVISORY LIMITED

Company Registration Number:
SC442977 (Scotland)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

CRESCENT ADVISORY LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 1,338
Total fixed assets: 1,338 0
Current assets
Debtors: 3 20,464 20,498
Cash at bank and in hand: 48,496 22,326
Total current assets: 68,960 42,824
Creditors: amounts falling due within one year: 4 ( 34,558 ) ( 19,421 )
Net current assets (liabilities): 34,402 23,403
Total assets less current liabilities: 35,740 23,403
Total net assets (liabilities): 35,740 23,403

The notes form part of these financial statements

CRESCENT ADVISORY LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 2 2
Profit and loss account: 35,738 23,401
Shareholders funds: 35,740 23,403

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 30 December 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Christopher Stewart
Status: Director

The notes form part of these financial statements

CRESCENT ADVISORY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and 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.

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided as follows:

    Office equipment above £250: 25% of cost
    Computer equipment above £500: 33% of cost each year
    Cycle to work scheme above £500: 75% of cost in the first year

    Office and computer equipment and bicycles held under the cycle to work scheme with residual values of below £250 and £500 respectively will be written off.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Work-in-progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate portion of fixed and variable overheads.

    Other accounting policies

    Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

CRESCENT ADVISORY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 1,676
    Additions: 1,503
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 3,179
    Depreciation
    01 April 2015: 1,676
    Charge for year: 165
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 1,841
    Net book value
    31 March 2016: 1,338
    31 March 2015: 0

CRESCENT ADVISORY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Debtors

    Debtors include accrued income and amounts due from directors.

CRESCENT ADVISORY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Creditors: amounts falling due within one year

    Creditors: amounts falling due within one year represent taxation and social security.

CRESCENT ADVISORY 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: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2

CRESCENT ADVISORY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 6. Transactions with directors

    Included within debtors as at 31 March 2016 is a balance of £8,686 (2015: £8,784) due from the director, Christopher Stewart.