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No description of principal activity
2016-04-01
Sage Accounts Production Advanced 2017 Update 2 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
09333024
2016-04-01
2017-03-31
09333024
2017-03-31
09333024
2016-03-31
09333024
2014-11-28
2016-03-31
09333024
2016-03-31
09333024
core:NetGoodwill
2016-04-01
2017-03-31
09333024
bus:LeadAgentIfApplicable
2016-04-01
2017-03-31
09333024
bus:Director1
2016-04-01
2017-03-31
09333024
core:ShareCapital
2014-11-28
2016-03-31
09333024
core:RetainedEarningsAccumulatedLosses
2014-11-28
2016-03-31
09333024
core:RetainedEarningsAccumulatedLosses
2016-04-01
2017-03-31
09333024
core:WithinOneYear
2017-03-31
09333024
core:WithinOneYear
2016-03-31
09333024
core:ShareCapital
2017-03-31
09333024
core:ShareCapital
2016-03-31
09333024
core:RetainedEarningsAccumulatedLosses
2017-03-31
09333024
core:RetainedEarningsAccumulatedLosses
2016-03-31
09333024
core:RestatedAmount
2016-03-31
09333024
bus:FRS102
2016-04-01
2017-03-31
09333024
bus:AuditExemptWithAccountantsReport
2016-04-01
2017-03-31
09333024
bus:AbridgedAccounts
2016-04-01
2017-03-31
09333024
bus:SmallCompaniesRegimeForAccounts
2016-04-01
2017-03-31
09333024
bus:PrivateLimitedCompanyLtd
2016-04-01
2017-03-31
Statement of Consent to Prepare Abridged Financial Statements
|
|
All of the members of Charles Candish Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
09333024
Filleted Unaudited Abridged Financial Statements
|
|
Abridged Financial Statements
|
|
Year ended 31 March 2017
Chartered accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements
|
1
|
|
|
Abridged statement of financial position
|
2
|
|
|
Statement of changes in equity
|
4
|
|
|
Notes to the abridged financial statements
|
5
|
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Charles Candish Limited
|
|
Year ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Charles Candish Limited for the year ended 31 March 2017, which comprise the abridged statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
HARPER SHELDON LIMITED
Chartered Accountants
Midway House
Staverton Technology Park
Herrick Way, Staverton
Cheltenham, Glos.
GL51 6TQ
8 December 2017
Abridged Statement of Financial Position
|
|
31 March 2017
Fixed assets
Intangible assets
|
5
|
|
8,433
|
9,533
|
|
|
|
|
|
Current assets
Debtors
|
700
|
|
3,845
|
Cash at bank and in hand
|
32,100
|
|
38,206
|
|
--------
|
|
--------
|
|
32,800
|
|
42,051
|
|
|
|
|
Creditors: amounts falling due within one year
|
9,450
|
|
21,674
|
|
--------
|
|
--------
|
Net current assets
|
|
23,350
|
20,377
|
|
|
--------
|
--------
|
Total assets less current liabilities
|
|
31,783
|
29,910
|
|
|
--------
|
--------
|
Net assets
|
|
31,783
|
29,910
|
|
|
--------
|
--------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
2
|
2
|
Profit and loss account
|
|
31,781
|
29,908
|
|
|
--------
|
--------
|
Members funds
|
|
31,783
|
29,910
|
|
|
--------
|
--------
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
Abridged Statement of Financial Position (continued)
|
|
31 March 2017
These abridged financial statements were approved by the
board of directors
and authorised for issue on
8 December 2017
, and are signed on behalf of the board by:
Company registration number:
09333024
Statement of Changes in Equity
|
|
Year ended 31 March 2017
|
Called up share capital
|
Profit and loss account
|
Total
|
|
£
|
£
|
£
|
At 28 November 2014
|
–
|
–
|
–
|
|
|
|
|
Profit for the year
|
|
29,908
|
29,908
|
|
----
|
--------
|
--------
|
Total comprehensive income for the year
|
–
|
29,908
|
29,908
|
|
|
|
|
Issue of shares
|
2
|
–
|
2
|
|
----
|
--------
|
--------
|
Total investments by and distributions to owners
|
2
|
–
|
2
|
|
|
|
|
At 31 March 2016
|
2
|
29,908
|
29,910
|
|
|
|
|
Profit for the year
|
|
6,873
|
6,873
|
|
----
|
--------
|
--------
|
Total comprehensive income for the year
|
–
|
6,873
|
6,873
|
|
|
|
|
Dividends paid and payable
|
–
|
(
5,000)
|
(
5,000)
|
|
----
|
-------
|
-------
|
Total investments by and distributions to owners
|
–
|
(
5,000)
|
(
5,000)
|
|
|
|
|
|
----
|
--------
|
--------
|
At 31 March 2017
|
2
|
31,781
|
31,783
|
|
----
|
--------
|
--------
|
|
|
|
|
Notes to the Abridged Financial Statements
|
|
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Herrick Way, Staverton Technology Park, Staverton, Cheltenham, GL51 6TQ.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 28 November 2014. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill
|
-
|
10% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2016:
2
).
5.
Intangible assets
|
£
|
Cost
|
|
At 1 April 2016 and 31 March 2017
|
11,000
|
|
--------
|
Amortisation
|
|
At 1 April 2016
|
1,467
|
Charge for the year
|
1,100
|
|
--------
|
At 31 March 2017
|
2,567
|
|
--------
|
Carrying amount
|
|
At 31 March 2017
|
8,433
|
|
--------
|
At 31 March 2016
|
9,533
|
|
--------
|
|
|
6.
Directors' advances, credits and guarantees
There were no material transactions with Directors during the year that were not concluded under normal market conditions.
7.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 28 November 2014.
No transitional adjustments were required in equity or profit or loss for the period.