Carnelian Capital Management Limited - Accounts to registrar - small 17.1

Carnelian Capital Management Limited - Accounts to registrar - small 17.1

CARNELIAN CAPITAL MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 08578342 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

CARNELIAN CAPITAL MANAGEMENT LIMITED

CARNELIAN CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08578342)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARNELIAN CAPITAL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







Director: J P Howard





Registered office: 21 New Walk
Leicester
Leicestershire
LE1 6TE





Registered number: 08578342 (England and Wales)





Accountants: Sturgess Hutchinson
Chartered Certified Accountants
10 Station Road
Earl Shilton
Leicester
LE9 7GA
1
CARNELIAN CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08578342)

BALANCE SHEET
30 SEPTEMBER 2017

2017 2016
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,563 3,303
3,563 3,303

Current assets
Debtors 6 4,687 3,716
Cash at bank 100,755 47,943
105,442 51,659
Creditors
Amounts falling due within one year 7 55,004 46,251
Net current assets 50,438 5,408
Total assets less current liabilities 54,001 8,711

Provisions for liabilities 713 660
Net assets 53,288 8,051

Capital and reserves
Called up share capital 133 133
Retained earnings 53,155 7,918
Shareholders' funds 53,288 8,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

The financial statements were approved by the director on 30 November 2017 and were signed by:





J P Howard - Director


The notes form part of these financial statements

2
CARNELIAN CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08578342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

1. Statutory information

Carnelian Capital Management 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 is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three 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.
Plant and machinery etc - 20% on reducing balance

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 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.

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 6 .

3
CARNELIAN CAPITAL MANAGEMENT LIMITED (REGISTERED NUMBER: 08578342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2016
and 30 September 2017 26,700
Amortisation
At 1 October 2016
and 30 September 2017 26,700
Net book value
At 30 September 2017 -
At 30 September 2016 -

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 October 2016 6,010
Additions 1,152
At 30 September 2017 7,162
Depreciation
At 1 October 2016 2,707
Charge for year 892
At 30 September 2017 3,599
Net book value
At 30 September 2017 3,563
At 30 September 2016 3,303

6. Debtors: amounts falling due within one year
2017 2016
£    £   
Other debtors 4,687 3,716

7. Creditors: amounts falling due within one year
2017 2016
£    £   
Taxation and social security 36,642 19,159
Other creditors 18,362 27,092
55,004 46,251

4