Callin Consult Ltd - Filleted accounts

Callin Consult Ltd - Filleted accounts


Callin Consult Ltd
Registered number: 08463534
Balance Sheet
as at 31 March 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 1,048 1,158
Current assets
Debtors 4 1,350 -
Cash at bank and in hand 55,820 56,916
57,170 56,916
Creditors: amounts falling due within one year 5 (6,391) (2,449)
Net current assets 50,779 54,467
Net assets 51,827 55,625
Capital and reserves
Called up share capital 100 100
Profit and loss account 51,727 55,525
Shareholders' funds 51,827 55,625
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Colin Grant
Director
Approved by the board on 20 July 2020
Callin Consult Ltd
Notes to the Accounts
for the year ended 31 March 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2019 3,927
Additions 240
At 31 March 2020 4,167
Depreciation
At 1 April 2019 2,769
Charge for the year 350
At 31 March 2020 3,119
Net book value
At 31 March 2020 1,048
At 31 March 2019 1,158
4 Debtors 2020 2019
£ £
Trade debtors 1,350 -
5 Creditors: amounts falling due within one year 2020 2019
£ £
Director's loan account 5,133 1,279
Corporation tax 120 77
Other taxes and social security costs 220 175
Other creditors 918 918
6,391 2,449
6 Other information
Callin Consult Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Old Schoolhouse
75A Jacobs Wells Road
Clifton
Bristol
BS8 1DJ
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