Client Managers Toolkit Limited - Accounts to registrar (filleted) - small 17.3
Client Managers Toolkit Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
| FOR |
| CLIENT MANAGERS TOOLKIT LIMITED |
| CLIENT MANAGERS TOOLKIT LIMITED (REGISTERED NUMBER: 05430351) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CLIENT MANAGERS TOOLKIT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chargrove House |
| Shurdington Road |
| Cheltenham |
| Gloucestershire |
| GL51 4GA |
| CLIENT MANAGERS TOOLKIT LIMITED (REGISTERED NUMBER: 05430351) |
| BALANCE SHEET |
| 30 APRIL 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| CLIENT MANAGERS TOOLKIT LIMITED (REGISTERED NUMBER: 05430351) |
| BALANCE SHEET - continued |
| 30 APRIL 2017 |
| 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 behalf by: |
| D Walker - Director | B Walker - Director |
| N T Woodrow - Director |
| CLIENT MANAGERS TOOLKIT LIMITED (REGISTERED NUMBER: 05430351) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 1. | STATUTORY INFORMATION |
| Client Managers Toolkit Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. Invoices are raised on |
| a monthly basis for subscriptions in advance and income is deffered accordingly. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
| at cost less any accumulated amortisation and any accumulated impairment losses. |
| Development costs have been amortised evenly over their estimated useful life. |
| Tangible fixed assets |
| Short leasehold | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| CLIENT MANAGERS TOOLKIT LIMITED (REGISTERED NUMBER: 05430351) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| Going concern |
| There are no material uncertainties that may cast significant doubt about the company's ability to |
| continue as a going concern. |
| Accounting convention |
| These financial statements are the first financial statements that comply with FRS 102 Section 1A. The |
| date of transition is 1 May 2015. The transition to FRS 102 Section 1A small entities has resulted in no |
| material changes in accounting policies to those used previously, also no changes in comparative |
| figures. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 May 2016 |
| and 30 April 2017 |
| AMORTISATION |
| At 1 May 2016 |
| and 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| CLIENT MANAGERS TOOLKIT LIMITED (REGISTERED NUMBER: 05430351) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Motor |
| leasehold | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Inter Company (Ramec) |
| Other debtor - R&D tax credit |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Corporation Tax |
| Social security and other taxes |
| VAT |
| Other creditors |
| Credit Card | 5,075 | 7,746 |
| Dividend proposed | - | 30,000 |
| Other creditors - AW |
| Directors' loan accounts | 2,323 | 547 |
| Deferred income |
| Accrued expenses |
| CLIENT MANAGERS TOOLKIT LIMITED (REGISTERED NUMBER: 05430351) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 8. | SECURED DEBTS |
| A debenture was created on 6 October 2009 for HSBC Bank PLC. |
| The debenture was secured over all monies due or to become due from the company to the chargee |
| on any account whatsoever. It includes fixed and floating charges over the undertaking and all property |
| and assets present and future, including goodwill, book debts, uncalled capital, building, fixtures and |
| fixed plant and machinery. |
| The charge was satisfied during the year end on 18 June 2016. |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| No interest has been charged on the balances, and they are repayable on demand. |
| The balance due to D Walker at the balance sheet date £756 (2016: £11). |
| The balance due to B Walker at the balance sheet date £954 (2016: £208). |
| The balance due to N T Woodrow at the balance sheet date £613 (2016: £120). |
| The balance due to A P Walker at the balance sheet date is shown in other creditors of £37,341 (2016: |
| £208 shown as a directors' loan). |
| On 31 August 2016, Welland Holdings Limited a company owned by D Walker, B Walker, and N T |
| Woodrow, purchased the entire share capital of the company such that Client Managers Toolkit |
| became a 100% owned subsidiary of Welland Holdings Limited. |
| 10. | POST BALANCE SHEET EVENTS |
| On 1 May 2017 an inter-company debtor of £241,500 with Ramec Properties Limited, a company |
| owned by A P Walker, B Walker and D Walker was written off to the profit and loss account. |
| 11. | CONTINGENT LIABILITIES |
| The company had total guarantees contingencies and commitments at the year end of £433,268, |
| (2016: £368,888) |