ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2018.0.196 2018.0.1962020-03-312020-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2019-04-01100631442019-04-012020-03-31100631442018-04-012019-03-31100631442020-03-31100631442019-03-3110063144 c:CompanySecretary1 2019-04-012020-03-3110063144 c:Director1 2019-04-012020-03-3110063144 c:RegisteredOffice 2019-04-012020-03-3110063144 d:ComputerEquipment 2019-04-012020-03-3110063144 d:ComputerEquipment 2020-03-3110063144 d:ComputerEquipment 2019-03-3110063144 d:ComputerEquipment d:OwnedOrFreeholdAssets 2019-04-012020-03-3110063144 d:CurrentFinancialInstruments 2020-03-3110063144 d:CurrentFinancialInstruments 2019-03-3110063144 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-3110063144 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-3110063144 d:ShareCapital 2020-03-3110063144 d:ShareCapital 2019-03-3110063144 d:RetainedEarningsAccumulatedLosses 2020-03-3110063144 d:RetainedEarningsAccumulatedLosses 2019-03-3110063144 c:FRS102 2019-04-012020-03-3110063144 c:AuditExempt-NoAccountantsReport 2019-04-012020-03-3110063144 c:FullAccounts 2019-04-012020-03-3110063144 c:PrivateLimitedCompanyLtd 2019-04-012020-03-3110063144 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2019-04-012020-03-31iso4217:GBPxbrli:pure
Company registration number: 10063144







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2020


COUNTRY NAVIGATOR LIMITED






































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COUNTRY NAVIGATOR LIMITED
 


 
COMPANY INFORMATION


Director
C E Crosby 




Company secretary
A J C Van Der Linden



Registered number
10063144



Registered office
Austen House
Units A-J

Station View

Guildford

Surrey

GU1 3EL




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


COUNTRY NAVIGATOR LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 4


 


COUNTRY NAVIGATOR LIMITED
REGISTERED NUMBER:10063144



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2020

2020
2019
Note
£
£

Fixed assets
  

Tangible assets
 4 
289
556

  
289
556

Current assets
  

Debtors: amounts falling due within one year
 5 
250,752
213,166

Cash at bank and in hand
  
15,660
29,375

  
266,412
242,541

Creditors: amounts falling due within one year
 6 
(12,151)
(20,304)

Net current assets
  
 
 
254,261
 
 
222,237

Total assets less current liabilities
  
254,550
222,793

  

Net assets
  
254,550
222,793


Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
254,450
222,693

  
254,550
222,793


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 his 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 statement of comprehensive income 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: 



C E Crosby
Director

Date: 10 August 2020

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 


COUNTRY NAVIGATOR LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1.


General information

Country Navigator Limited is a company limited by shares and incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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

Going concern

The Coronavirus pandemic is creating significant uncertainty globally and the Company is not immune to this. The director is working to ensure the safety of the employees and maintaining the continuity of operations as far as he is able, whilst adhering to government advice. Whilst the pandemic will have a financial impact on the Company, at this stage, it is not possible to reliably forecast what this may be. However, the director has taken all relevant measures to ensure the Company is able to safeguard cash flow, jobs, customers and suppliers to put them in the best possible position to be able to pick up on opportunities as they arise once business starts to return to normal. Given the uncertainties that exist, this may cast significant doubt on the Company’s ability to continue as a going concern, however, the director believes that the actions he has taken should enable it to continue in operational existence for the forseeable future following approval of these accounts.

 
2.3

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.

 
2.4

Taxation

Tax is recognised in the Statement of comprehensive income, 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 reporting date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 


COUNTRY NAVIGATOR LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.6

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 ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was 5 (2019 - 5).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2019
1,333



At 31 March 2020

1,333



Depreciation


At 1 April 2019
777


Charge for the year on owned assets
267



At 31 March 2020

1,044



Net book value



At 31 March 2020
289



At 31 March 2019
556

Page 3

 


COUNTRY NAVIGATOR LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

5.


Debtors

2020
2019
£
£


Trade debtors
3,300
180

Amounts owed by group undertakings
247,452
212,915

Other debtors
-
71

250,752
213,166



6.


Creditors: Amounts falling due within one year

2020
2019
£
£

Trade creditors
1,198
1,950

Other taxation and social security
6,192
6,037

Other creditors
948
757

Accruals and deferred income
3,813
11,560

12,151
20,304


 
Page 4