04988401 2015-01-01 false true 2015-12-312015-12-31 04988401 2015-01-01 2015-12-31 04988401 2015-12-31 04988401 2014-12-31 04988401 c:FixturesFittingsToolsEquipment 2015-01-01 2015-12-31 04988401 d:OrdinaryShareClass1 2015-12-31 04988401 d:OrdinaryShareClass1 2014-12-31 04988401 d:OrdinaryShareClass1 2015-01-01 2015-12-31 04988401 d:Director1 2015-01-01 2015-12-31 04988401 c:OfficeEquipment 2015-01-01 2015-12-31 04988401 c:OtherTangibleFixedAssets 2015-01-01 2015-12-31 xbrli:shares iso4217:GBP

Registered number:  04988401
















CROSSWORDS LIMITED




ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015




















These financial statements have not been audited as the company is exempt under s477 of the Companies Act 2006 from the requirement to obtain an audit of its financial statements.











CROSSWORDS LIMITED
REGISTERED NUMBER: 04988401

ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
2,917
4,473
 
Investments
 
3
-

1,172








2,917

5,645
 
CURRENT ASSETS





 
Debtors
17,503
10,146

 
Cash at bank

193,891
166,897







 
211,394
177,043
 
CREDITORS:  amounts falling due within one year
(42,481)
(135,823)
 
NET CURRENT ASSETS


168,913

41,220
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 171,830

 46,865
  
CAPITAL AND RESERVES

 
Called up share capital
4
100
100
 
Profit and loss account
171,730
46,765
 
SHAREHOLDERS' FUNDS
 

 171,830

 46,865


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by: 






K Ware (nee Mepham)
Director

Date: 26 August 2016

The notes on pages 2 to 3 form part of these financial statements.

Page 1

CROSSWORDS LIMITED

 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

1.1
BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
TURNOVER

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings
-
20% straight line
Office equipment
-
25% straight line
Other fixed assets
-
20% straight line

1.4
INVESTMENTS

Investments held as fixed assets are shown at cost less provision for impairment.

1.5
OPERATING LEASES

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

1.6
FOREIGN CURRENCIES

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and loss account.

1.7
FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.  An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities.

Page 2

CROSSWORDS LIMITED

 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

2. TANGIBLE FIXED ASSETS



£


COST 


At 1 January 2015
111,364

Additions
869


At 31 December 2015

112,233



DEPRECIATION


At 1 January 2015
106,891

Charge for the year
2,425


At 31 December 2015

109,316




NET BOOK VALUE


At 31 December 2015
 2,917


At 31 December 2014

 4,473


3. FIXED ASSET INVESTMENTS



£


COST OR VALUATION


At 1 January 2015
1,172

Amounts written off
(1,172)


At 31 December 2015

-




NET BOOK VALUE


At 31 December 2015
 -


At 31 December 2014

 1,172


4. SHARE CAPITAL
        2015
        2014
        £

        £

ALLOTTED, CALLED UP AND FULLY PAID



100 Ordinary shares of £1 each
 100
 100

Page 3

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