Andrew Carr Associates Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06599847 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ANDREW CARR ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

A H Carr ACA

Mrs R Carr

REGISTERED OFFICE:

3 Manor Courtyard

Hughenden Avenue

High Wycombe

Buckinghamshire

HP13 5RE

REGISTERED NUMBER:

06599847 (England and Wales)

ACCOUNTANTS:

Cannon Moorcroft Ltd

3 Manor Courtyard

Hughenden Avenue

High Wycombe

Buckinghamshire

HP13 5RE

FIXED ASSETS

Tangible assets

4

819

1,871

CURRENT ASSETS

Debtors

5

42,726

34,996

Cash at bank

197,533

113,589

240,259

148,585

CREDITORS

Amounts falling due within one year

6

184,044

70,015

NET CURRENT ASSETS

56,215

78,570

TOTAL ASSETS LESS CURRENT LIABILITIES

57,034

80,441

PROVISIONS FOR LIABILITIES

164

374

NET ASSETS

56,870

80,067

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

56,862

80,059

SHAREHOLDERS' FUNDS

56,870

80,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 October 2017 and were signed on its behalf by:

A H Carr ACA - Director

1.	STATUTORY INFORMATION

Andrew Carr Associates Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

3,158

DEPRECIATION

At 1 April 2016

1,287

Charge for year

1,052

At 31 March 2017

2,339

NET BOOK VALUE

At 31 March 2017

819

At 31 March 2016

1,871

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

42,531

34,574

Other debtors

195

422

42,726

34,996

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

59,238

32,972

Other creditors

124,806

37,043

184,044

70,015

Included in other creditors is £123,580 (2016 £35,694) owed to the directors. This loan is interest free and has no

fixed repayment terms.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Carr, one of the directors, by virtue of his day to day management of the

company.

The following reproduces the text of the report prepared for the directors and members in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Cannon Moorcroft Ltd

3 Manor Courtyard

Hughenden Avenue

High Wycombe

Buckinghamshire

HP13 5RE

1 October 2017