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REGISTERED NUMBER:
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CASHFLOW PROJECTS LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 5 APRIL 2017 |
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REGISTERED NUMBER:
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CASHFLOW PROJECTS LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 5 APRIL 2017 |
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CASHFLOW PROJECTS LIMITED (REGISTERED NUMBER: 05444544) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CASHFLOW PROJECTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 5 APRIL 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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CASHFLOW PROJECTS LIMITED (REGISTERED NUMBER: 05444544) |
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BALANCE SHEET |
5 APRIL 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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CASHFLOW PROJECTS LIMITED (REGISTERED NUMBER: 05444544) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2017 |
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1. | STATUTORY INFORMATION |
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Cashflow Projects Limited is a private company, limited by shares , registered in England and Wales. The |
company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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There are no adjustments on transition to FRS 102 that affect the reported financial performance or position of the company. |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements are prepared on a going concern basis and this is appropriate because there are no |
material uncertainties related to events or conditions that may cast significant doubt about the ability of the |
company to continue as a going concern. |
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Significant judgements and estimates |
The preparation of financial statements requires management to make judgements, estimates and assumptions |
about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates |
and underlying assumptions are based on historical experience and other factors that are considered to be |
relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting |
estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or |
in the period of the revision and future periods if the revision affects both current and future periods. |
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There are no significant judgements or estimates included within these financial statements. |
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Tangible fixed assets |
Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. |
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Computer Equipment - 33% on cost |
Fixtures & Fittings - 25% on cost |
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At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets |
have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, |
the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
immediately in profit or loss. |
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If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised |
estimate of its recoverable amount, but not in excess of the amount that would have been determined had no |
impairment loss been recognised for the asset in prior years. A reversal of an impairment is recognised |
immediately in profit or loss. |
CASHFLOW PROJECTS LIMITED (REGISTERED NUMBER: 05444544) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2017 |
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3. | ACCOUNTING POLICIES - continued |
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Debtors |
Debtors are measured at transaction price less any impairment unless the arrangement constitutes a financing |
transaction in which case the transaction is measured at the present value of the future receipts discounted at |
the prevailing market rate of interest . Loans are initially measured at fair value and are subsequently measured |
at amortised cost using the effective interest method less any impairment. |
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Creditors |
Creditors are measured at their transaction price unless the arrangement constitutes a financing transaction in |
which case the transaction is measured at present value of future payments discounted at prevailing market rate |
of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are |
subsequently measured at amortised cost using the effective interest method. |
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Cash and cash equivalents |
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits |
with an original maturity date of three months or less. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
of the timing difference. |
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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. |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 6 April 2016 |
and 5 April 2017 |
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DEPRECIATION |
At 6 April 2016 |
and 5 April 2017 |
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NET BOOK VALUE |
At 5 April 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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CASHFLOW PROJECTS LIMITED (REGISTERED NUMBER: 05444544) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Other creditors |
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7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Included in other creditors is a balance due to the director of £12,127 (2016: £10,187 due to the director). |
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8. | ULTIMATE CONTROLLING PARTY |
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The company was under the full control of its director, Mr N P H Cash |