Completely Over The Top Ltd Accounts

COMPLETELY OVER THE TOP LIMITED - Company Information






Completely Over The Top Ltd

	Company No. 10931066
		Information for Filing with The Registrar
		31 March 2020

The Directors present their report and the accounts for the year ended 31 March 2020.

Principal activities
The principal activity of the company during the year under review was that of a holding company and the provision of support services to third parties in other sectors.




Directors

The Directors who served at any time during the year were as follows:

B.J. Green
D.S. Millar
K. Millar



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D.S. Millar
Director
07 October 2020

at	31 March 2020
Company No.		10931066	Notes	2020	2019
				£	£
Fixed assets



	Investments		3	245,519	258,673
				245,519	258,673
Current assets

	Debtors		4	315,295	196,919

	Cash at bank and in hand			96,087	304,013
				411,382	500,932
Creditors: Amount falling due within one year			5	(4,087)	(4,489)
Net current assets				407,295	496,443
Total assets less current liabilities				652,814	755,116




Net assets				652,814	755,116

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		6	652,714	755,016

Total equity				652,814	755,116



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 07 October 2020
And signed on its behalf by:
D.S. Millar
Director
07 October 2020

for the year ended 31 March 2020

General information

Its registered number is: 10931066

Its registered office is:

Parklands

Railton Road

Guildford

GU2 9JX

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

3	Investments
			Other investments - Unlisted	Total
			£	£
		Cost or valuation
		At 1 April 2019	258,673	258,673

		Revaluation	(13,154)	(13,154)

		At 31 March 2020	245,519	245,519
		Provisions/Impairment





		Net book values
		At 31 March 2020	245,519	245,519
		At 31 March 2019	258,673	258,673

4	Debtors
			2020	2019
			£	£
		Trade debtors	8,749	3,919





		Other debtors	303,000	193,000
		Prepayments and accrued income	3,546	-
			315,295	196,919

5	Creditors:
		amounts falling due within one year
			2020	2019
			£	£





		Amounts owed to group undertakings	2,767	3,289




		Accruals and deferred income	1,320	1,200
			4,087	4,489

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

7	Dividends
			2020	2019
			£	£
		Dividends for the period:
		Dividends paid in the period	100,500	140,000

			100,500	140,000

		Dividends by type:

		Equity dividends	100,500	140,000
			100,500	140,000

8	Related party disclosures
				2020	2019
		Transactions with related parties		£	£

		Name of related party	The Completely Group Limited
		Description of relationship between the parties	Subsidiary
		Description of transaction and general amounts involved	Loan
		Amount due from/(to) the related party		(2,767)	(3,288)