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CROMARTY FIRTH WIRELESS NETWORKS LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 26 AUGUST 2015 TO 31 AUGUST 2016 |
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CROMARTY FIRTH WIRELESS NETWORKS LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 26 AUGUST 2015 TO 31 AUGUST 2016 |
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CROMARTY FIRTH WIRELESS NETWORKS LTD (REGISTERED NUMBER: SC514076) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 26 August 2015 to 31 August 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 4 |
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CROMARTY FIRTH WIRELESS NETWORKS LTD |
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COMPANY INFORMATION |
for the period 26 August 2015 to 31 August 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Redwood |
19 Culduthel Road |
Inverness |
IV2 4AA |
CROMARTY FIRTH WIRELESS NETWORKS LTD (REGISTERED NUMBER: SC514076) |
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BALANCE SHEET |
31 August 2016 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Allotted, called up and fully |
paid share capital |
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Profit and loss account - |
distributable | ( |
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( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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CROMARTY FIRTH WIRELESS NETWORKS LTD (REGISTERED NUMBER: SC514076) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 26 August 2015 to 31 August 2016 |
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1. | STATUTORY INFORMATION |
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Cromarty Firth Wireless Networks Ltd is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company has net current liabilities of £41,479 and net liabilities of £6,489.The directors have |
agreed to subordinate the loan in favour of other creditors and this leads the directors to consider that |
the going concern basis of preparation of the accounts is appropriate. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Turnover arises from the supply and installation of broadband services. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) |
for the current or past reporting periods. It is measured at the amount expected to be paid or recovered |
using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
date. |
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Deferred tax represents the future tax consequences of transactions and events recognised in the |
financial statements of current and previous periods. It is recognised in respect of all timing |
differences, with certain exceptions. Timing differences are differences between taxable profits and |
total comprehensive income as stated in the financial statements that arise from the inclusion of |
income and expense in tax assessments in periods different from those in which they are recognised |
in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to |
the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or |
other future taxable profits. |
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Deferred tax is measured using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is |
measured using the rates and allowances that apply to the sale of the asset. |
CROMARTY FIRTH WIRELESS NETWORKS LTD (REGISTERED NUMBER: SC514076) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 26 August 2015 to 31 August 2016 |
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2. | ACCOUNTING POLICIES - continued |
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Debtors/creditors receivable/payable within one year |
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in |
other administrative expenses. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 August 2016 |
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DEPRECIATION |
Charge for period |
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At 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | COMPARATIVES |
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As this is the first period of trading there are no comparative figures. |