Claro ATG Limited - Limited company - abbreviated - 11.9
Claro ATG Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Claro ATG Limited (Registered number: 07106942) |
| Abbreviated Balance Sheet |
| 31 October 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Other reserves |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on |
| 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 |
| At 31 October 2014 |
| 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: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary share capital | 100.00 |
| £ | £ |
| 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: | £ | £ |
| Ordinary "A" shares | £1.00 |
| Ordinary "B" shares | £1.00 |
| 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. |