Caslin Procurement Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09146021 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Caslin Procurement Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Freda Bridget Caslin

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

BUSINESS ADDRESS:

Flat 6

Upton Court

The Downs

LONDON

SW20 8JB

REGISTERED NUMBER:

09146021 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

379

506

CURRENT ASSETS

Debtors

5

149

-

Cash at bank

5,624

23,935

5,773

23,935

CREDITORS

Amounts falling due within one year

6

1,472

10,437

NET CURRENT ASSETS

4,301

13,498

TOTAL ASSETS LESS CURRENT LIABILITIES

4,680

14,004

PROVISIONS FOR LIABILITIES

72

101

NET ASSETS

4,608

13,903

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,607

13,902

SHAREHOLDERS' FUNDS

4,608

13,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 5 February 2018 and were signed by:

Freda Bridget Caslin - Director

1.	STATUTORY INFORMATION

Caslin Procurement 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

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

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

Computer equipment

-

25% 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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2016

and 31 July 2017

900

DEPRECIATION

At 1 August 2016

394

Charge for year

127

At 31 July 2017

521

NET BOOK VALUE

At 31 July 2017

379

At 31 July 2016

506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Tax

149

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Corporation tax

-

9,351

Directors' current accounts

79

54

Accrued expenses

1,393

1,032

1,472

10,437

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 July 2017 and 31 July 2016:

31.7.17

31.7.16

£

£

Freda Bridget Caslin

Balance outstanding at start of year

(54

)

-

Amounts advanced

(25

)

(54

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(79

)

(54

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Freda Bridget Caslin.