Registered Number 05744900

CINQUENTA LIMITED

Abbreviated Accounts

31 March 2014

CINQUENTA LIMITED Registered Number 05744900

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 2,022 2,140
Investments - -
2,022 2,140
Current assets
Stocks - -
Debtors 54,224 17,969
Investments - -
Cash at bank and in hand 12,720 4,506
66,944 22,475
Prepayments and accrued income - -
Creditors: amounts falling due within one year (45,481) (18,604)
Net current assets (liabilities) 21,463 3,871
Total assets less current liabilities 23,485 6,011
Provisions for liabilities (265) (258)
Total net assets (liabilities) 23,220 5,753
Capital and reserves
Called up share capital 120 120
Profit and loss account 23,100 5,633
Shareholders' funds 23,220 5,753
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 5 January 2015

And signed on their behalf by:
Mr A Kingdon, Director

CINQUENTA LIMITED Registered Number 05744900

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shwon in the profit and loss accuont represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:-

Fixtures & Fittings - 15% Reducing Balance Basis
Equipment - 33% Straight Line Basis

2Tangible fixed assets
£
Cost
At 1 April 2013 11,718
Additions 1,312
Disposals -
Revaluations -
Transfers -
At 31 March 2014 13,030
Depreciation
At 1 April 2013 9,578
Charge for the year 1,430
On disposals -
At 31 March 2014 11,008
Net book values
At 31 March 2014 2,022
At 31 March 2013 2,140