Caryn March Accountants Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07041784 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Caryn March Accountants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Caryn March

Mrs Yvette Carla Clapp

REGISTERED OFFICE:

Landguard Manor

Landguard Manor Road

Shanklin

Isle of Wight

PO37 7JB

REGISTERED NUMBER:

07041784 (England and Wales)

ACCOUNTANTS:

Caryn March Accountants Limited

Landguard Manor

Landguard Manor Road

Shanklin

Isle of Wight

PO37 7JB

BANKERS:

NatWest

Shanklin

Isle of Wight

FIXED ASSETS

Intangible assets

4

29,750

31,500

Tangible assets

5

2,242

2,833

31,992

34,333

CURRENT ASSETS

Debtors

6

1,339

3,640

Cash in hand

50

150

1,389

3,790

CREDITORS

Amounts falling due within one year

7

35,854

27,096

NET CURRENT LIABILITIES

(34,465

)

(23,306

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,473

)

11,027

CREDITORS

Amounts falling due after more than one year

8

5,874

10,120

NET (LIABILITIES)/ASSETS

(8,347

)

907

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(8,357

)

897

SHAREHOLDERS' FUNDS

(8,347

)

907

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 29 December 2017 and were signed on its behalf by:

Mrs Yvette Carla Clapp - Director

1.	STATUTORY INFORMATION

Caryn March Accountants 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 invoiced sale of services carried out during the period under review, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

20% on reducing balance

Computer equipment

-

33% 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 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

35,000

AMORTISATION

At 1 April 2016

3,500

Amortisation for year

1,750

At 31 March 2017

5,250

NET BOOK VALUE

At 31 March 2017

29,750

At 31 March 2016

31,500

5.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

4,286

119

4,405

DEPRECIATION

At 1 April 2016

1,532

40

1,572

Charge for year

551

40

591

At 31 March 2017

2,083

80

2,163

NET BOOK VALUE

At 31 March 2017

2,203

39

2,242

At 31 March 2016

2,754

79

2,833

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Trade debtors

1,339

3,640

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Bank loans and overdrafts

3,293

8,992

Payments on account

2,973

1,717

Trade creditors

(1

)

(2

)

Other creditors

1,549

1,664

Social security and other taxes

1,910

1,773

VAT

2,875

2,480

Directors' loan accounts

23,255

10,021

Accrued expenses

-

451

35,854

27,096

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/17

31/3/16

£

£

Bank loans - 2-5 years

5,874

10,120

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and

31 March 2016:

31/3/17

31/3/16

£

£

Mrs Caryn March

Balance outstanding at start of year

(9,935

)

(16,058

)

Amounts advanced

1,245

9,889

Amounts repaid

(14,124

)

(3,766

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(22,814

)

(9,935

)

Mrs Yvette Carla Clapp

Balance outstanding at start of year

(85

)

(156

)

Amounts advanced

184

271

Amounts repaid

(539

)

(200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(440

)

(85

)