Company Registration No. 03916880 (England and Wales)
CROWN ENDEAVOURS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CROWN ENDEAVOURS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CROWN ENDEAVOURS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
98,239
100,894
Current assets
Debtors
13,349
9,787
Cash at bank and in hand
13,949
7,850
27,298
17,637
Creditors: amounts falling due within one year
(79,916)
(97,221)
Net current liabilities
(52,618)
(79,584)
Total assets less current liabilities
45,621
21,310
Provisions for liabilities
(19,648)
(20,178)
25,973
1,132
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
25,971
1,130
Shareholders' funds
25,973
1,132
For the financial year ended 31 March 2016 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 21 December 2016
I Henson
Director
Company Registration No. 03916880
CROWN ENDEAVOURS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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 January 2015).
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:
Fixtures, fittings & equipment
10% to 33.3% per annum
Motor vehicles
10% per annum
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
187,219
Additions
14,770
At 31 March 2016
201,989
Depreciation
At 1 April 2015
86,326
Charge for the year
17,424
At 31 March 2016
103,750
Net book value
At 31 March 2016
98,239
At 31 March 2015
100,894
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2