London and Essex CBT Limited Filleted accounts for Companies House (small and micro)

LONDON AND ESSEX CBT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 6909830

London and Essex CBT Limited

Filleted Unaudited Financial Statements

31 May 2019

London and Essex CBT Limited

Statement of Financial Position

31 May 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		442	553

Current assets

Debtors	6	63,992	55,782
Cash at bank and in hand		18,640	6,033
		--------	--------
		82,632	61,815

Creditors: amounts falling due within one year	7	21,871		10,773
		--------		--------
Net current assets			60,761	51,042
			--------	--------
Total assets less current liabilities			61,203	51,595
			--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	61,103	51,495
	--------	--------
Shareholder funds	61,203	51,595
	--------	--------

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 income and retained earnings has not been delivered.

For the year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges her 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 25 February 2020 , and are signed on behalf of the board by:

Ms J Oton
Director

Company registration number: 6909830

London and Essex CBT Limited

Notes to the Financial Statements

Year ended 31 May 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50 Friars Avenue, Shenfield, Brentwood, Essex, CM15 8HU.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixture and fittings	-	20% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 June 2018 and 31 May 2019	1,725	1,725
	-------	-------
Depreciation
At 1 June 2018	1,172	1,172
Charge for the year	111	111
	-------	-------
At 31 May 2019	1,283	1,283
	-------	-------
Carrying amount
At 31 May 2019	442	442
	-------	-------
At 31 May 2018	553	553
	-------	-------

6. Debtors

	2019	2018
	£	£
Trade debtors	63,992	55,782
	--------	--------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	774	774
Corporation tax	10,255	9,729
Social security and other taxes	411	–
Other creditors	10,431	270
	--------	--------
	21,871	10,773
	--------	--------

8. Related party transactions

The company was under the control of Ms Oton throughout the current and previous year. Ms Oton is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS102 for small entities.