Registered number
Filleted Accounts
31 March 2018
Registered number: 01246420
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 13 2,078
Current assets
Stocks 1,500 1,500
Debtors 3 50,611 16,475
Cash at bank and in hand 202,967 206,629
255,078 224,604
Creditors: amounts falling due within one year 4 (51,179) (76,744)
Net current assets 203,899 147,860
Net assets 203,912 149,938
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 202,912 148,938
Shareholder's funds 203,912 149,938
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Vekaria
Approved by the board on 17 December 2018
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
All Assets have now been written down to negligible value.
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
At 1 April 2017 11,945 32,241 38,954 83,140
At 31 March 2018 11,945 32,241 38,954 83,140
At 1 April 2017 11,944 32,240 36,878 81,062
Charge for the year - - 2,065 2,065
At 31 March 2018 11,944 32,240 38,943 83,127
Net book value
At 31 March 2018 1 1 11 13
At 31 March 2017 1 1 2,076 2,078
3 Debtors 2018 2017
£ £
Trade debtors 30,611 16,475
Other debtors 20,000 -
50,611 16,475
4 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 3,082 6,890
Taxation and social security costs 9,226 41,004
Other creditors 38,871 28,850
51,179 76,744
5 Other information
CROWNHILL GLASS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
58 High Road,
Bushey Heath,
WD23 1SF
CROWNHILL GLASS LIMITED 01246420 false 2017-04-01 2018-03-31 2018-03-31 VT Final Accounts July 2018 R Vekaria No description of principal activity 01246420 core:WithinOneYear 2017-03-31 01246420 core:ShareCapital 2017-03-31 01246420 core:RetainedEarningsAccumulatedLosses 2017-03-31 01246420 2017-04-01 2018-03-31 01246420 bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 01246420 bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 01246420 bus:Director40 2017-04-01 2018-03-31 01246420 1 2017-04-01 2018-03-31 01246420 2 2017-04-01 2018-03-31 01246420 core:LandBuildings 2017-04-01 2018-03-31 01246420 core:PlantMachinery 2017-04-01 2018-03-31 01246420 core:Vehicles 2017-04-01 2018-03-31 01246420 countries:England 2017-04-01 2018-03-31 01246420 bus:FRS102 2017-04-01 2018-03-31 01246420 bus:FullAccounts 2017-04-01 2018-03-31 01246420 2018-03-31 01246420 core:WithinOneYear 2018-03-31 01246420 core:ShareCapital 2018-03-31 01246420 core:RetainedEarningsAccumulatedLosses 2018-03-31 01246420 core:LandBuildings 2018-03-31 01246420 core:PlantMachinery 2018-03-31 01246420 core:Vehicles 2018-03-31 01246420 2017-03-31 01246420 core:LandBuildings 2017-03-31 01246420 core:PlantMachinery 2017-03-31 01246420 core:Vehicles 2017-03-31 iso4217:GBP