Registered Number 04737253
CROMIE LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 4 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
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Accruals and deferred income |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entites (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Other accounting policies
Investments are included in the balance sheet at their open market value for further details see the investment note to the accounts.
Basis of consolidation:
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 715,000 |
At 31 March 2015 | 715,000 |
3
Fixed assets Investments
SWS Metal Treatments Limited (incorporated in England & Wales): 100% Ordinary share capital
Griptone Limited (incorporated in England & Wales): 100% Ordinary share capital
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
SWS Metal Treatments, whose principal activity was that of Electro-plating, had capital and reserves of £271,913 and had a profit of £45,276 in year ended 31 March 2016.
Griptone Limited, whose principal activity was that of the manufacture and sale of automotive components, had capital and reserves of £52,803 and profit of £17,477 in the year ended 31 March 2016.
2016
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2015
£ |
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Secured Debts |
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