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Abbreviated Unaudited Accounts |
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for the Year Ended 31 August 2016 |
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for |
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A Certain Ratio Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 August 2016 |
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for |
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A Certain Ratio Ltd |
A Certain Ratio Ltd (Registered number: 06994716) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 5 |
A Certain Ratio Ltd |
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Company Information |
for the Year Ended 31 August 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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A Certain Ratio Ltd (Registered number: 06994716) |
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Abbreviated Balance Sheet |
31 August 2016 |
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31.8.16 | 31.8.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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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The financial statements were approved by the Board of Directors on
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A Certain Ratio Ltd (Registered number: 06994716) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on the assumption that the company is a going concern.The company is |
supported by loan from a related company.The directors know of no reasons why this support should not be relied upon.For |
this reason the going concern basis is believed to be appropriate and the financial statements do not contain any adjustments |
that might be necessary if this support were withdrawn. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Tangible fixed assets |
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Office equipment | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. |
Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from |
the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the |
financial statements. |
Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding agreement to |
sell the revalued asset and the resulting gain or loss has been recognised in the financial statements. Neither is deferred tax |
recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, being charged tax |
only if and when the replacement assets are sold. |
Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences |
are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet |
date. Deferred tax is measured on a non - discounted basis. |
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Operating leases |
Rentals paid under operating leases are written off to the Profit and Loss Account when incurred. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2015 |
and 31 August 2016 |
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DEPRECIATION |
At 1 September 2015 |
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Charge for year |
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At 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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At 31 August 2015 |
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A Certain Ratio Ltd (Registered number: 06994716) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.16 | 31.8.15 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 August 2016 and 31 August 2015: |
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31.8.16 | 31.8.15 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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( |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Included in Creditors is an amount due to the directors of £Nil (2015: £1,473).This loan is unsecured, free of interest and has |
no fixed terms of repayment. |
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5. | RELATED PARTY DISCLOSURES |
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During the year the company paid rent to Mr A S Moore and Mrs K A Moore of £6,000 (2015: £6,000) on commercial terms. |
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Included in Creditors is a loan with Gilland Services Limited of which Mr A S Moore is a director.The balance at the year end |
is £4,655 (2015: Debtor £1,579).This loan is unsecured, free of interest and is repayable on demand. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
A Certain Ratio Ltd |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements |
of A Certain Ratio Ltd for the year ended 31 August 2016 which comprise the Profit and Loss Account, the Balance Sheet and the |
related notes from the company's accounting records and from information and explanations you have given us. |
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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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of A Certain Ratio Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A Certain Ratio Ltd and state those matters that we have agreed to state to the Board of Directors of A Certain Ratio Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Certain Ratio Ltd Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that A Certain Ratio Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A Certain Ratio Ltd. You consider that A Certain Ratio Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of A Certain Ratio Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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31 May 2017 |