Company Registration No. 07753942 (England and Wales)
CROYSDALE ENGINEERING SERVICES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
CROYSDALE ENGINEERING SERVICES LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
Accountants' report
6
CROYSDALE ENGINEERING SERVICES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,067
623
Investments
2
10
10
2,077
633
Current assets
Stocks
-
5,206
Debtors
57,290
25,458
Cash at bank and in hand
449
1,459
57,739
32,123
Creditors: amounts falling due within one year
(20,171)
(17,890)
Net current assets
37,568
14,233
Total assets less current liabilities
39,645
14,866
Provisions for liabilities
(414)
(125)
39,231
14,741
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
39,230
14,740
Shareholders' funds
39,231
14,741
CROYSDALE ENGINEERING SERVICES LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2015
31 August 2015
- 2 -
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 August 2016
Mr Keith Croysdale
Director
Company Registration No. 07753942
CROYSDALE ENGINEERING SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33 1/3 Straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.7
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
CROYSDALE ENGINEERING SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 September 2014
1,332
10
1,342
Additions
2,288
-
2,288
At 31 August 2015
3,620
10
3,630
Depreciation
At 1 September 2014
709
-
709
Charge for the year
844
-
844
At 31 August 2015
1,553
-
1,553
Net book value
At 31 August 2015
2,067
10
2,077
At 31 August 2014
623
10
633
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
ACPL Europe Limited
UK
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
ACPL Europe Limited
Engineering component distribution
(33,433)
3,344
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of 1p each
1
1
CROYSDALE ENGINEERING SERVICES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 5 -
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr Keith Croysdale - Loan
3% - 3.25%
12,308
36,801
857
11,459
38,507
12,308
36,801
857
11,459
38,507
CROYSDALE ENGINEERING SERVICES LTD
REPORTING ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CROYSDALE ENGINEERING SERVICES LTD FOR THE YEAR ENDED 31 AUGUST 2015
- 6 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 1 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Croysdale Engineering Services Ltd for the year ended 31 August 2015 set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Croysdale Engineering Services Ltd, as a body, in accordance with the terms of our engagement letter dated 25 August 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Croysdale Engineering Services Ltd and state those matters that we have agreed to state to the Board of Directors of Croysdale Engineering Services Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Croysdale Engineering Services Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Croysdale Engineering Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Croysdale Engineering Services Ltd. You consider that Croysdale Engineering Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Croysdale Engineering Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Duncan & Toplis Ltd
30 August 2016
Reporting Accountants
The Gables
Bishop Meadow Road
Loughborough
Leicestershire
LE11 5RE
2015-08-31
2014-09-01
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