ButterflyCannon Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07036019 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

BUTTERFLYCANNON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss N D Alexander

Mr J N Davies

SECRETARY:

Mr J N Davies

REGISTERED OFFICE:

Holborn Tower

137-144 High Holborn

London

WC1V 6PL

REGISTERED NUMBER:

07036019 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

161,514

14,879

CURRENT ASSETS

Debtors

5

1,409,164

670,600

Cash at bank and in hand

1,005,920

709,523

2,415,084

1,380,123

CREDITORS

Amounts falling due within one year

6

(746,615

)

(286,619

)

NET CURRENT ASSETS

1,668,469

1,093,504

TOTAL ASSETS LESS CURRENT LIABILITIES

1,829,983

1,108,383

PROVISIONS FOR LIABILITIES

(30,688

)

(2,827

)

NET ASSETS

1,799,295

1,105,556

CAPITAL AND RESERVES

Called up share capital

7

7

7

Retained earnings

8

1,799,288

1,105,549

SHAREHOLDERS' FUNDS

1,799,295

1,105,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23rd September 2019 and were signed on its behalf by:

Mr J N Davies - Director

Miss N D Alexander - Director

1.	STATUTORY INFORMATION

ButterflyCannon 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value, net of VAT and discounts, of services provided to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

50% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2018 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2018

20,737

33,856

54,593

Additions

90,379

84,646

175,025

At 31st March 2019

111,116

118,502

229,618

DEPRECIATION

At 1st April 2018

14,990

24,724

39,714

Charge for year

19,522

8,868

28,390

At 31st March 2019

34,512

33,592

68,104

NET BOOK VALUE

At 31st March 2019

76,604

84,910

161,514

At 31st March 2018

5,747

9,132

14,879

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

1,240,391

647,160

Prepayments and accrued income

168,773

23,440

1,409,164

670,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

205,053

32,364

Tax

208,730

120,987

Social security and other taxes

43,214

24,888

Pension control

2,440

-

VAT

13,923

36,230

Directors' current accounts

2,750

1,650

Deferred income

-

68,700

Accrued expenses

270,505

1,800

746,615

286,619

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary A

£1

2

2

5

Ordinary Founder

£1

5

5

7

7

8.

RESERVES

Retained

earnings

£

At 1st April 2018

1,105,549

Profit for the year

983,739

Dividends

(290,000

)

At 31st March 2019

1,799,288

9.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.