The Custom Cap Company Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11144831 (England and Wales)

Unaudited Financial Statements for the Period 11 January 2018 to 31 March 2019

for

The Custom Cap Company Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

P T Hall

SECRETARY:

P T Hall

REGISTERED OFFICE:

93 Kenyon Street

Fulham

London

SW6 6LA

REGISTERED NUMBER:

11144831 (England and Wales)

ACCOUNTANTS:

Cornish Accounting Solutions Ltd

Chartered Accountants and Business Specialists

79 Higher Bore Street

Bodmin

Cornwall

PL31 1JT

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of The Custom Cap Company Ltd for the period ended 31 March 2019 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Custom Cap Company Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Custom Cap Company Ltd and state those matters that we have agreed to state to the director of The Custom Cap Company Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Custom Cap Company Ltd and its director for our work or for this report.

It is your duty to ensure that The Custom Cap Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Custom Cap Company Ltd. You consider that The Custom Cap Company Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of The Custom Cap Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cornish Accounting Solutions Ltd

Chartered Accountants and Business Specialists

79 Higher Bore Street

Bodmin

Cornwall

PL31 1JT

11 October 2019

FIXED ASSETS

Intangible assets

4

1,641

Tangible assets

5

4,124

5,765

CURRENT ASSETS

Stocks

30,676

Debtors

6

25,994

Cash at bank

12,669

69,339

CREDITORS

Amounts falling due within one year

7

37,492

NET CURRENT ASSETS

31,847

TOTAL ASSETS LESS CURRENT LIABILITIES

37,612

CAPITAL AND RESERVES

Called up share capital

100

Share premium

37,470

Retained earnings

42

SHAREHOLDERS' FUNDS

37,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 11 October 2019 and were signed by:

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

P T Hall - Director

1.	STATUTORY INFORMATION

The Custom Cap Company 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

2,450

At 31 March 2019

2,450

AMORTISATION

Charge for period

809

At 31 March 2019

809

NET BOOK VALUE

At 31 March 2019

1,641

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

6,900

At 31 March 2019

6,900

DEPRECIATION

Charge for period

2,776

At 31 March 2019

2,776

NET BOOK VALUE

At 31 March 2019

4,124

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

23,493

Other debtors

2,501

25,994

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

30,158

Other creditors

7,334

37,492

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2019:

£

P T Hall

Balance outstanding at start of period

-

Amounts advanced

8,947

Amounts repaid

(11,736

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(2,789

)

9.	RELATED PARTY DISCLOSURES

During the period, total dividends of £30,097 were paid to the director.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P T Hall by virtue of his shareholding.