County Associates (UK) Employee Benefits Limited Filleted accounts for Companies House (small and micro)

COUNTY ASSOCIATES (UK) EMPLOYEE BENEFITS LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09568045

County Associates (UK) Employee Benefits Limited

Filleted Unaudited Financial Statements

30 April 2018

County Associates (UK) Employee Benefits Limited

Financial Statements

Year ended 30 April 2018

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

County Associates (UK) Employee Benefits Limited

Statement of Financial Position

30 April 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	5	9,200	–
Cash at bank and in hand		11,330	24,035
		--------	--------
		20,530	24,035

Creditors: amounts falling due within one year	6	20,955		13,156
		--------		--------
Net current (liabilities)/assets			( 425)	10,879
			----	--------
Total assets less current liabilities			( 425)	10,879
			----	--------
Net (liabilities)/assets			( 425)	10,879
			----	--------

Capital and reserves

Called up share capital	6	6
Profit and loss account	( 431)	10,873
	----	--------
Shareholders (deficit)/funds	( 425)	10,879
	----	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 November 2018 , and are signed on behalf of the board by:

Mr G Williamson

Director

Company registration number: 09568045

County Associates (UK) Employee Benefits Limited

Notes to the Financial Statements

Year ended 30 April 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. Debtors

	2018	2017
	£	£
Other debtors	9,200	–
	-------	----

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Corporation tax	5,005	8,664
Social security and other taxes	–	3,742
Other creditors	15,950	750
	--------	--------
	20,955	13,156
	--------	--------

7. Related party transactions

During the year dividends of £30,000 were paid to the directors of the company. At the year end the company owed the directors £15,000 (2017: £nil).