Abbreviated Company Accounts - THE CAPITAL REINVESTMENT GROUP LIMITED

Abbreviated Company Accounts - THE CAPITAL REINVESTMENT GROUP LIMITED

THE CAPITAL REINVESTMENT GROUP LIMITED - Company Information

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Registered Number 03558850

THE CAPITAL REINVESTMENT GROUP LIMITED

Abbreviated Accounts

30 June 2016

THE CAPITAL REINVESTMENT GROUP LIMITED Registered Number 03558850

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,106 548
Investments 3 2 2
1,108 550
Current assets
Debtors 4,377 622
Cash at bank and in hand 28,744 42,456
33,121 43,078
Creditors: amounts falling due within one year (44,463) (34,519)
Net current assets (liabilities) (11,342) 8,559
Total assets less current liabilities (10,234) 9,109
Provisions for liabilities (92) -
Total net assets (liabilities) (10,326) 9,109
Capital and reserves
Called up share capital 4 3,000 3,000
Profit and loss account (13,326) 6,109
Shareholders' funds (10,326) 9,109
  • For the year ending 30 June 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.

Approved by the Board on 20 March 2017

And signed on their behalf by:
J WORBOYS, Director

THE CAPITAL REINVESTMENT GROUP LIMITED Registered Number 03558850

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance
Motor vehicles 25% straight line

Other accounting policies
Going Concern
The director considers that it is appropriate to prepare the accounts on a going concern basis as financial support provided by him will continue for the forseeable future in order to meet the external liabilities of the company.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets
£
Cost
At 1 July 2015 32,533
Additions 927
Disposals -
Revaluations -
Transfers -
At 30 June 2016 33,460
Depreciation
At 1 July 2015 31,985
Charge for the year 369
On disposals -
At 30 June 2016 32,354
Net book values
At 30 June 2016 1,106
At 30 June 2015 548

3Fixed assets Investments
Cost at 31 July 2016 £2 (2015: £2)

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
3,000 Ordinary shares of £1 each 3,000 3,000