Callisto Maintenance Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04324109 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Callisto Maintenance Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B Martin

REGISTERED OFFICE:

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

REGISTERED NUMBER:

04324109 (England and Wales)

ACCOUNTANTS:

A4G LLP

Kings Lodge

London Road

West Kingsdown

Sevenoaks

Kent

TN15 6AR

FIXED ASSETS

Tangible assets

5

231,679

240,278

Investments

6

213,649

213,649

445,328

453,927

CURRENT ASSETS

Stocks

3,723

6,766

Debtors

16,048

3,509

Cash at bank and in hand

1,056

391

20,827

10,666

CREDITORS

Amounts falling due within one year

396,216

428,976

NET CURRENT LIABILITIES

(375,389

)

(418,310

)

TOTAL ASSETS LESS CURRENT LIABILITIES

69,939

35,617

CREDITORS

Amounts falling due after more than one year

-

(6,305

)

PROVISIONS FOR LIABILITIES

(1,336

)

(3,056

)

NET ASSETS

68,603

26,256

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

47,077

47,077

Retained earnings

21,426

(20,921

)

SHAREHOLDERS' FUNDS

68,603

26,256

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 29 December 2017 and were signed by:

Mr B Martin - Director

1.	STATUTORY INFORMATION

Callisto Maintenance Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition

Sales comprise the fair value of the consideration received or receivable for the rendering of services in the

ordinary course of the company's activities. Sales are presented, net of value-added tax, 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 when specific criteria have been met for each of the

company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the

customer. Where payments are received from customers in advance of services provided, the amounts are

recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2016

285,211

Additions

1,075

Disposals

(24,000

)

At 31 March 2017

262,286

DEPRECIATION

At 1 April 2016

44,933

Charge for year

2,080

Eliminated on disposal

(16,406

)

At 31 March 2017

30,607

NET BOOK VALUE

At 31 March 2017

231,679

At 31 March 2016

240,278

Cost or valuation at 31 March 2017 is represented by:

Totals

£

Valuation in 2005

47,077

Cost

215,209

262,286

If 3 Main Road had not been revalued it would have been included at the following historical cost:

2017

2016

£

£

Cost

177,923

177,923

Value of land in freehold land and buildings

177,923

177,923

3 Main Road was valued on an open market basis on 31 March 2005 by Robert Ingram & Co .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST OR VALUATION

At 1 April 2016

24,000

Disposals

(24,000

)

At 31 March 2017

-

DEPRECIATION

At 1 April 2016

16,406

Eliminated on disposal

(16,406

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

7,594

6.	FIXED ASSET INVESTMENTS

The amount included as a fixed asset investment represents the company's capital account outstanding as at the

balance sheet date in Bambram Investments LLP.

7.

RESERVES

Revaluation

reserve

£

At 1 April 2016

and 31 March 2017

47,077

8.	POST BALANCE SHEET EVENTS

After the year end the company sold an item of property, plant and equipment for £195,000.