COBA Asset Management Limited

COBA Asset Management Limited

COBA ASSET MANAGEMENT LIMITED - Company Information

Print Friendly Version

1 April 2016 false Taxfiler 2017.44.Web 04714237business:PrivateLimitedCompanyLtd2016-04-012017-03-31 047142372016-03-31 047142372016-04-012017-03-31 04714237business:AuditExempt-NoAccountantsReport2016-04-012017-03-31 04714237business:FullAccounts2016-04-012017-03-31 047142372017-03-31 047142372016-03-31 04714237core:WithinOneYear2017-03-31 04714237core:WithinOneYear2016-03-31 04714237core:ShareCapital2017-03-31 04714237core:ShareCapital2016-03-31 04714237core:RetainedEarningsAccumulatedLosses2017-03-31 04714237core:RetainedEarningsAccumulatedLosses2016-03-31 04714237business:SmallEntities2016-04-012017-03-31 04714237business:Director12016-04-012017-03-31 04714237countries:EnglandWales2016-04-012017-03-31 04714237core:LandBuildings2016-04-012017-03-31 04714237core:FurnitureFittings2016-04-012017-03-31 04714237core:PlantMachinery2016-03-31 04714237core:PlantMachinery2016-04-012017-03-31 04714237core:PlantMachinery2017-03-31 04714237business:OrdinaryShareClass12016-04-012017-03-31 04714237business:OrdinaryShareClass12015-04-012016-03-31 047142372015-04-012016-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04714237 (England and Wales)
COBA Asset Management Limited Unaudited accounts for the year ended 31 March 2017
COBA Asset Management Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
454 
331 
Current assets
Debtors
5
15,396 
76,168 
Cash at bank and in hand
30,559 
24,126 
45,955 
100,294 
Creditors: amounts falling due within one year
6
(12,254)
(65,474)
Net current assets
33,701 
34,820 
Net assets
34,155 
35,151 
Capital and reserves
Called up share capital
7
1 
1 
Profit and loss account
34,154 
35,150 
Shareholders' funds
34,155 
35,151 
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 December 2017.
Graham Simon Gould Director Company Registration No. 04714237
- 2 -
COBA Asset Management Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
COBA Asset Management Limited is a private company, limited by shares, registered in England and Wales, registration number 04714237.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2016. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line over length of lease
Fixtures & fittings
25% straight line
- 3 -
COBA Asset Management Limited Notes to the Accounts for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2016
21,666 
Additions
312 
At 31 March 2017
21,978 
Depreciation
At 1 April 2016
21,335 
Charge for the year
189 
At 31 March 2017
21,524 
Net book value
At 31 March 2017
454 
At 31 March 2016
331 
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
6,560 
66,863 
Accrued income and prepayments
3,705 
4,116 
Other debtors
5,131 
5,189 
15,396 
76,168 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
2,291 
19,471 
Taxes and social security
2,171 
14,070 
Loans from directors
2,500 
- 
Accruals
2,259 
31,933 
Deferred income
3,033 
- 
12,254 
65,474 
7
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).
- 4 -