CRAFT INTERIOR DESIGN LIMITED
CRAFT INTERIOR DESIGN LIMITED
Registered number: 05310119
Abbreviated accounts
For The Year Ended 30 June 2016
AB&T Services Limted
67 St Leonards Road
Windsor
Berkshire
SL4 3BX
CRAFT INTERIOR DESIGN LIMITED
Company No. 05310119
Abbreviated Balance Sheet
30 June 2016
Abbreviated Balance Sheet
| 30 June 2016 | Period to 30 June 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| 4,294 | 5,134 | ||||
| CURRENT ASSETS | |||||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET ASSETS |
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( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 3 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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( |
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CRAFT INTERIOR DESIGN LIMITED
Company No. 05310119
Abbreviated Balance Sheet (continued)
30 June 2016
Directors' responsibilities:
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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 abbreviated 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 2015).
On behalf of the board
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CRAFT INTERIOR DESIGN LIMITED
Notes to the Abbreviated Accounts
For The Year Ended 30 June 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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CRAFT INTERIOR DESIGN LIMITED
Notes to the Abbreviated Accounts (continued)
For The Year Ended 30 June 2016
4.
Transactions With and Loans to Directors
Included within creditors: amounts falling due in more than one year to directors:
| As at |
Amounts advanced | Amounts repaid | As at |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Mrs G S Craft | 119,534 | 119,534 | 20,332 | 20,332 |
| Mr R M Craft | 213,732 | 213,732 | 20,332 | 20,332 |
The above loan is unsecured, interest free and repayable on demand.
5.
Ultimate Controlling Party
The company's ultimate controlling party is Mr and Mrs Craft, by virtue of his ownership of 100% of the issued share capital in the company.
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