Company Registration No. 06801241 (England and Wales)
CLA Ventures Limited
Unaudited accounts
for the year ended 31 March 2019
CLA Ventures Limited
Unaudited accounts
Contents
CLA Ventures Limited
Statement of financial position
as at 31 March 2019
Cash at bank and in hand
8,898
40,267
Creditors: amounts falling due within one year
(1,359)
(12,847)
Net current assets
10,989
33,370
Called up share capital
100
100
Profit and loss account
11,133
33,270
Shareholders' funds
11,233
33,370
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 October 2019.
Mr Adrian Cull
Director
Company Registration No. 06801241
CLA Ventures Limited
Notes to the Accounts
for the year ended 31 March 2019
CLA Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 06801241. The registered office is 33 STATION ROAD, CHOLSEY, WALLINGFORD, OXFORDSHIRE, OX10 9PT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
CLA Ventures Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 1 (2018: 1).
