ACCOUNTS - Final Accounts preparation

CALCOT CONSULTING GROUP LTD - Company Information

Caseware UK (AP4) 2018.0.196 2018.0.196 2019-03-312019-03-312019-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2018-04-01 11039689 2018-03-31 11039689 2018-04-01 2019-03-31 11039689 2019-03-31 11039689 c:Director1 2018-04-01 2019-03-31 11039689 d:CurrentFinancialInstruments 2019-03-31 11039689 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-31 11039689 d:ShareCapital 2019-03-31 11039689 d:RetainedEarningsAccumulatedLosses 2019-03-31 11039689 c:FRS102 2018-04-01 2019-03-31 11039689 c:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 11039689 c:FullAccounts 2018-04-01 2019-03-31 11039689 c:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 iso4217:GBP xbrli:pure

Registered number: 11039689

CALCOT CONSULTING GROUP LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2019

CALCOT CONSULTING GROUP LTD

REGISTERED NUMBER: 11039689

BALANCE SHEET

AS AT 31 MARCH 2019

		2019
Note		£


Current assets
Debtors: amounts falling due within one year	4	70,810
Cash at bank and in hand	5	2,603
		73,413
Creditors: amounts falling due within one year	6	(15,799)
Net current assets			57,614
Total assets less current liabilities			57,614

Net assets			57,614

Capital and reserves
Called up share capital			100
Profit and loss account			57,514
			57,614

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CALCOT CONSULTING GROUP LTD

REGISTERED NUMBER: 11039689

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2019

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

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Nina Elizabeth Vendemiati

Director

Date: 31 May 2019

The notes on pages 3 to 5 form part of these financial statements.

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CALCOT CONSULTING GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	General information

Calcot Conulting Group Limited, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Calcot House, 112a London Road, Shrewsbury, Shropshire, SY2 6PP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in the Profit and loss account using the effective interest method.

2.4

Taxation

Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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CALCOT CONSULTING GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

2.Accounting policies (continued)

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

	The Company has no employees other than the directors, who did not receive any remuneration.
	The average monthly number of employees, including directors, during the year was 0.

Debtors

					2019
					£


	Trade debtors	19,757
	Other debtors	51,053
		70,810

5.	Cash and cash equivalents
		2019
		£

	Cash at bank and in hand	2,603
		2,603

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CALCOT CONSULTING GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

6.	Creditors: Amounts falling due within one year
		2019
		£

	Corporation tax	14,299
	Accruals and deferred income	1,500
		15,799

7.	Share capital
		2019
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

During the period 100 ordinary shares were issued, each with a nominal value of £1.

8.	Transactions with directors

During the period, the company made a loan amounting to £51,053 to the director. Interest was charged at the official rate of 2.5%.
At the balance sheet date, the loan was still outstanding and is presented within other debtors due within one year.

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