The Conch Ltd - Period Ending 2018-08-31

Registration number: 05916539

The Conch Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2018

Tree Accountancy Limited
Chartered Certified Accountants
First Floor
Eastgate
Castle Street
Castlefield
Manchester
M3 4LZ

The Conch Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

The Conch Ltd

Company Information

Director

Mr S Jermy

Registered office

First Floor Eastgate Castle Street Castlefield Manchester M3 4LZ

Accountants

Tree Accountancy Limited Chartered Certified Accountants First Floor Eastgate Castle Street Castlefield Manchester M3 4LZ

Page 1

The Conch Ltd

(Registration number: 05916539)
Balance Sheet as at 31 August 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	3	2,050	2,735
Current assets
Cash at bank and in hand		5	5
Creditors: Amounts falling due within one year	4	(100,101)	(100,102)
Net current liabilities		(100,096)	(100,097)
Net liabilities		(98,046)	(97,362)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(98,146)	(97,462)
Total equity		(98,046)	(97,362)

For the financial year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 January 2019
 

.........................................

Mr S Jermy
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

The Conch Ltd

Notes to the Financial Statements for the Year Ended 31 August 2018

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
First Floor
Eastgate
Castle Street
Castlefield
Manchester
M3 4LZ
United Kingdom

The company's registration number is: 05916539

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% reducing balance
Office equipment	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 3

The Conch Ltd

Notes to the Financial Statements for the Year Ended 31 August 2018

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

3	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 September 2017	11,018	29,202	40,220
At 31 August 2018	11,018	29,202	40,220
Depreciation
At 1 September 2017	10,466	27,020	37,486
Charge for the year	138	546	684
At 31 August 2018	10,604	27,566	38,170
Carrying amount
At 31 August 2018	414	1,636	2,050
At 31 August 2017	552	2,183	2,735

4

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Accruals and deferred income	300	300
Other creditors	99,801	99,802
	100,101	100,102

Page 4