Contact Support Limited - Period Ending 2017-02-28

Contact Support Limited - Period Ending 2017-02-28


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Registration number: 10006975

Contact Support Limited

Annual Report and Unaudited Financial Statements

for the Period from 16 February 2016 to 28 February 2017

image-name
 

Contact Support Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Contact Support Limited

Company Information

Director

Mr D R Bungay

Registered office

Austin House
43 Poole Road
Westbourne
Bournemouth
Dorset
BH4 9DN

Accountants

Rowlands Webster Limited
Tax Advisers & Accountants
Austin House
43 Poole Road
Westbourne
Bournemouth
Dorset
BH4 9DN

 

Contact Support Limited

(Registration number: 10006975)
Balance Sheet as at 28 February 2017

Note

2017
£

Fixed assets

 

Tangible assets

4

5,873

Current assets

 

Debtors

5

574,300

Cash at bank and in hand

 

25,371

 

599,671

Creditors: Amounts falling due within one year

6

(209,041)

Net current assets

 

390,630

Total assets less current liabilities

 

396,503

Provisions for liabilities

(1,175)

Net assets

 

395,328

Capital and reserves

 

Called up share capital

100

Profit and loss account

395,228

Total equity

 

395,328

For the financial period ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Contact Support Limited

(Registration number: 10006975)
Balance Sheet as at 28 February 2017

Approved and authorised by the director on 31 October 2017
 

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

Mr D R Bungay

Director

 

Contact Support Limited

Notes to the Financial Statements for the Period from 16 February 2016 to 28 February 2017

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Austin House
43 Poole Road
Westbourne
Bournemouth
Dorset
BH4 9DN
England

These financial statements were authorised for issue by the director on 31 October 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Contact Support Limited

Notes to the Financial Statements for the Period from 16 February 2016 to 28 February 2017

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on cost

Plant & machinery

15% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Contact Support Limited

Notes to the Financial Statements for the Period from 16 February 2016 to 28 February 2017

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Contact Support Limited

Notes to the Financial Statements for the Period from 16 February 2016 to 28 February 2017

4

Tangible assets

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

Additions

6,387

1,030

7,417

Disposals

-

(599)

(599)

At 28 February 2017

6,387

431

6,818

Depreciation

Charge for the period

918

27

945

At 28 February 2017

918

27

945

Carrying amount

At 28 February 2017

5,469

404

5,873

5

Debtors

2017
£

Trade debtors

116,895

Other debtors

457,405

574,300

6

Creditors

Creditors: amounts falling due within one year

2017
£

Due within one year

Taxation and social security

57,542

Accruals and deferred income

21,367

Other creditors

130,132

209,041

 

Contact Support Limited

Notes to the Financial Statements for the Period from 16 February 2016 to 28 February 2017

7

Share capital

Allotted, called up and fully paid shares

 

2017

 

No.

£

Ordinary of £1 each

100

100