Carey Business Services Ltd - Period Ending 2016-03-31

Carey Business Services Ltd - Period Ending 2016-03-31


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Registration number: 8433280

Carey Business Services Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

James Worley & Sons
Chartered Accountants
9 Bridle Close
Surbiton Road
Kingston Upon Thames
Surrey
KT1 2JW

 

Carey Business Services Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Carey Business Services Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Carey Business Services Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Carey Business Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Carey Business Services Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carey Business Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Carey Business Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Carey Business Services Ltd. You consider that Carey Business Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Carey Business Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

James Worley & Sons
Chartered Accountants
9 Bridle Close
Surbiton Road
Kingston Upon Thames
Surrey
KT1 2JW

19 December 2016

 

Carey Business Services Ltd
(Registration number: 8433280)
Abbreviated Balance Sheet at 31 March 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

1,782

   

3,683

 

Current assets

 

             

Debtors

 

   

3,245

   

4,998

 

Cash at bank and in hand

 

   

13,223

   

19,110

 
   

   

16,468

   

24,108

 

Creditors: Amounts falling due within one year

 

   

(17,850)

   

(27,790)

 

Net current liabilities

 

   

(1,382)

   

(3,682)

 

Net assets

 

   

400

   

1

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

399

   

-

 

Shareholders' funds

 

   

400

   

1

 

For the year ending 31 March 2016 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 19 December 2016

.........................................
Mr Paul Carey
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Carey Business Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the provision services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office Equipment

33.33% per annum straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 April 2015

 

5,703

   

5,703

 

At 31 March 2016

 

5,703

   

5,703

 

Depreciation

           

At 1 April 2015

 

2,020

   

2,020

 

Charge for the year

 

1,901

   

1,901

 

At 31 March 2016

 

3,921

   

3,921

 

Net book value

           

At 31 March 2016

 

1,782

   

1,782

 

At 31 March 2015

 

3,683

   

3,683

 
 

Carey Business Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1

   

1

   

1

   

1