Company Registration No. 07732969 (England and Wales)
CRANE LIFTING SERVICES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
CRANE LIFTING SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CRANE LIFTING SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
611
814
Current assets
Debtors
36,205
20,338
Cash at bank and in hand
-
1,620
36,205
21,958
Creditors: amounts falling due within one year
3
(13,924)
(11,546)
Net current assets
22,281
10,412
Total assets less current liabilities
22,892
11,226
Creditors: amounts falling due after more than one year
4
(154)
(361)
22,738
10,865
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
22,638
10,765
Shareholders' funds
22,738
10,865
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 June 2016
Mr S A Schofield
Director
Company Registration No. 07732969
CRANE LIFTING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
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
25% Reducing Balance
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014 & at 31 August 2015
1,455
Depreciation
At 1 September 2014
641
Charge for the year
203
At 31 August 2015
844
Net book value
At 31 August 2015
611
At 31 August 2014
814
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £2,982 (2014 - £498).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £154 (2014 - £361).
CRANE LIFTING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
6
Related party relationships and transactions
Director's Loan
The following directors had interest free loans during the year. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr S A Schofield -
-
11,793
54,937
-
30,908
35,822
11,793
54,937
-
30,908
35,822