Claro ATG Limited - Limited company - abbreviated - 11.9

Claro ATG Limited - Limited company - abbreviated - 11.9


071069421.11.1431.10.1531.10.15Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary "A" shares1.00000Ordinary "B" shares1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure071069422014-10-31071069422015-10-31071069422014-11-012015-10-31071069422013-10-31071069422013-11-012014-10-31071069422014-10-3107106942ns12:England2014-11-012015-10-3107106942ns14:PoundSterling2014-11-012015-10-3107106942ns7:Director12014-11-012015-10-3107106942ns7:OrdinaryShareClass12014-11-012015-10-3107106942ns7:OrdinaryShareClass22014-11-012015-10-3107106942ns7:Director22014-11-012015-10-3107106942ns7:RegisteredOffice2014-11-012015-10-3107106942ns7:EntityAccountantsOrAuditors2014-11-012015-10-3107106942ns5:FixedAssetInvestmentsOtherThanLoans2015-10-3107106942ns5:FixedAssetInvestmentsOtherThanLoans2014-10-3107106942ns5:Subsidiary12014-11-012015-10-3107106942ns5:Subsidiary12013-11-012014-10-3107106942ns7:OrdinaryShareClass12015-10-3107106942ns7:OrdinaryShareClass12014-10-3107106942ns7:OrdinaryShareClass22015-10-3107106942ns7:OrdinaryShareClass22014-10-31
REGISTERED NUMBER: 07106942(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Claro ATG Limited

Claro ATG Limited (Registered number: 07106942)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Claro ATG Limited

Company Information
for the Year Ended 31 October 2015







DIRECTORS: Mr DM Stevens
Prof PL Blenkhorn





REGISTERED OFFICE: Lancashire House
24 Winckley Square
Preston
Lancashire
PR2 3JJ





REGISTERED NUMBER: 07106942(England and Wales)





ACCOUNTANTS: Cox Chartered Accountants
PO Box 176
Poulton-le-Fylde
Lancashire
FY6 6DX

Claro ATG Limited (Registered number: 07106942)

Abbreviated Balance Sheet
31 October 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Investments 2 2,966,774 2,966,774

CURRENT ASSETS
Debtors 92,158 22,826
Cash at bank 87,555 47,840
179,713 70,666
CREDITORS
Amounts falling due within one year 206,307 7,672
NET CURRENT (LIABILITIES)/ASSETS (26,594 ) 62,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,940,180

3,029,768

CAPITAL AND RESERVES
Called up share capital 3 600 600
Other reserves 1,454,600 1,454,600
Profit and loss account 1,484,980 1,574,568
SHAREHOLDERS' FUNDS 2,940,180 3,029,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 7 March 2016and were signed on its behalf by:





Mr DM Stevens- Director


Claro ATG Limited (Registered number: 07106942)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Claro ATG Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay
more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
Payments made by the company in respect of directors' pension contributions relate to payments made into the
directors' personal pension schemes.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets
of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar
debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented
as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the
profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the
outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability
then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are
debited directly to equity.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 November 2014
and 31 October 2015 2,966,774
NET BOOK VALUE
At 31 October 2015 2,966,774
At 31 October 2014 2,966,774

Claro ATG Limited (Registered number: 07106942)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2015

2. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Claro Software Limited
Nature of business: Software sales and development
%
Class of shares: holding
Ordinary share capital 100.00
2015 2014
£    £   
Aggregate capital and reserves 268,467 483,451
Profit for the year 685,016 918,523

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
300 Ordinary "A" shares £1.00 300 300
300 Ordinary "B" shares £1.00 300 300
600 600

The rights attached to each class of share are as follows:

"A" ordinary shares carry full voting rights whether on a Poll Vote or otherwise. The "A" ordinary shares carry full
dividend rights and the right to participate in the distribution of the Company whether on a winding up or
otherwise. The "A" ordinary shares are non-redeemable.

"B" ordinary shares carry full voting rights whether on a Poll Vote or otherwise. The "B" ordinary shares carry full
dividend rights and the right to participate in the distribution of the Company whether on a winding up or
otherwise. The "B" ordinary shares are non-redeemable.