ButterflyCannon Limited - Accounts to registrar (filleted) - small 17.3

ButterflyCannon Limited - Accounts to registrar (filleted) - small 17.3

BUTTERFLYCANNON LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.3.0.1062 07036019 Board of Directors Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false Ordinary A 1.00000 Ordinary Founder 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure070360192016-03-31070360192017-03-31070360192016-04-012017-03-31070360192014-12-31070360192015-01-012016-03-31070360192016-03-3107036019ns15:EnglandWales2016-04-012017-03-3107036019ns14:PoundSterling2016-04-012017-03-3107036019ns10:Director12016-04-012017-03-3107036019ns10:Director22016-04-012017-03-3107036019ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3107036019ns10:SmallEntities2016-04-012017-03-3107036019ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3107036019ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3107036019ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3107036019ns10:FullAccounts2016-04-012017-03-3107036019ns10:OrdinaryShareClass12016-04-012017-03-3107036019ns10:OrdinaryShareClass22016-04-012017-03-3107036019ns10:CompanySecretary12016-04-012017-03-3107036019ns10:RegisteredOffice2016-04-012017-03-3107036019ns5:CurrentFinancialInstruments2017-03-3107036019ns5:CurrentFinancialInstruments2016-03-3107036019ns5:ShareCapital2017-03-3107036019ns5:ShareCapital2016-03-3107036019ns5:RetainedEarningsAccumulatedLosses2017-03-3107036019ns5:RetainedEarningsAccumulatedLosses2016-03-3107036019ns5:FurnitureFittings2016-04-012017-03-3107036019ns5:ComputerEquipment2016-04-012017-03-3107036019ns5:FurnitureFittings2016-03-3107036019ns5:ComputerEquipment2016-03-3107036019ns5:FurnitureFittings2017-03-3107036019ns5:ComputerEquipment2017-03-3107036019ns5:FurnitureFittings2016-03-3107036019ns5:ComputerEquipment2016-03-3107036019ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3107036019ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3107036019ns10:OrdinaryShareClass12017-03-3107036019ns10:OrdinaryShareClass22017-03-3107036019ns5:RetainedEarningsAccumulatedLosses2016-03-3107036019ns5:RetainedEarningsAccumulatedLosses2016-04-012017-03-31


REGISTERED NUMBER: 07036019 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

BUTTERFLYCANNON LIMITED
BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUTTERFLYCANNON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: Miss N D Alexander
Mr J N Davies





SECRETARY: Mr J N Davies





REGISTERED OFFICE: 4 Lyric Square
Lyric Square
London
W6 0ED





REGISTERED NUMBER: 07036019 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN
Page 1
BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)

BALANCE SHEET
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,538 9,709

CURRENT ASSETS
Debtors 5 395,391 205,235
Cash at bank and in hand 590,343 782,734
985,734 987,969
CREDITORS
Amounts falling due within one year 6 220,262 459,634
NET CURRENT ASSETS 765,472 528,335
TOTAL ASSETS LESS CURRENT
LIABILITIES
784,010
538,044

PROVISIONS FOR LIABILITIES 1,264 1,264
NET ASSETS 782,746 536,780

CAPITAL AND RESERVES
Called up share capital 7 7 7
Retained earnings 8 782,739 536,773
SHAREHOLDERS' FUNDS 782,746 536,780

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 6 December 2017 and were signed on its behalf by:




Mr J N Davies - Director



Miss N D Alexander - Director


The notes form part of these financial statements

Page 2
BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

ButterflyCannon 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 the value, net of VAT and discounts, of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 50% on cost

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 18 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2016 14,812 15,368 30,180
Additions 5,199 11,931 17,130
At 31 March 2017 20,011 27,299 47,310
DEPRECIATION
At 1 April 2016 7,863 12,607 20,470
Charge for year 3,967 4,335 8,302
At 31 March 2017 11,830 16,942 28,772
NET BOOK VALUE
At 31 March 2017 8,181 10,357 18,538
At 31 March 2016 6,949 2,761 9,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 374,314 182,644
Directors' current accounts - 946
Prepayments and accrued income 21,077 21,645
395,391 205,235

Page 3 continued...
BUTTERFLYCANNON LIMITED (REGISTERED NUMBER: 07036019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 36,988 73,183
Tax 112,034 136,601
Social security and other taxes 25,366 14,800
VAT 22,710 23,346
Directors' current accounts 1,100 -
Deferred income 16,256 206,246
Accrued expenses 5,808 5,458
220,262 459,634

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
2 Ordinary A £1 2 2
5 Ordinary Founder £1 5 5
7 7

8. RESERVES
Retained
earnings
£   

At 1 April 2016 536,773
Profit for the year 445,966
Dividends (200,000 )
At 31 March 2017 782,739

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

Page 4