Continuum Ltd Accounts






Continuum Ltd

	Company No. 04640202
		Information for Filing with The Registrar
		31 December 2019

The Directors present their report and the accounts for the year ended 31 December 2019.

Principal activities
The principal activity of the company during the year under review was the provision of accountancy and business advisory services.




Directors

The Directors who served at any time during the year were as follows:

A. Carter
B.J. Green
H.J. Savage



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

B.J. Green
Director
31 December 2019

at	31 December 2019
Company No.		04640202	Notes	2019	2018
				£	£
Fixed assets

	Tangible assets		4	14,404	3,049


				14,404	3,049
Current assets

	Debtors		5	207,897	160,789

	Cash at bank and in hand			219,817	159,283
				427,714	320,072
Creditors: Amount falling due within one year			6	(207,537)	(163,576)
Net current assets				220,177	156,496
Total assets less current liabilities				234,581	159,545




Net assets				234,581	159,545

Capital and reserves
	Called up share capital			3,000	3,000



	Profit and loss account		7	231,581	156,545

Total equity				234,581	159,545



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 December 2019
And signed on its behalf by:
B.J. Green
Director
31 December 2019

for the year ended 31 December 2019

General information

Its registered number is: 04640202

Its registered office is:

Ground Floor

Cromwell House

Andover Road

Winchester

SO23 7BT

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

25% Straight Line

Furniture, fittings and equipment

33% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2019	2018
			Number	Number
		The average number of persons employed during the year :	11	10

4	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 January 2019	-	12,499	12,499
		Additions	13,656	3,163	16,819



		At 31 December 2019	13,656	15,662	29,318
		Depreciation
		At 1 January 2019	-	9,450	9,450
		Charge for the year	3,414	2,050	5,464



		At 31 December 2019	3,414	11,500	14,914
		Net book values
		At 31 December 2019	10,242	4,162	14,404
		At 31 December 2018	-	3,049	3,049

5	Debtors
			2019	2018
			£	£
		Trade debtors	181,967	133,878





		Other debtors	25,930	26,911

			207,897	160,789

6	Creditors:
		amounts falling due within one year
			2019	2018
			£	£




		Trade creditors	47,186	32,028

		Corporation tax	64,968	42,404
		Other taxes and social security	39,931	27,300
		Loans from directors	11,068	18,073
		Other creditors	29,692	37,771
		Accruals and deferred income	14,692	6,000
			207,537	163,576

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Commitments

		Capital commitments	2019	2018
			£	£


		Other financial commitments
			2019	2018
			£	£




		Pension commitments
		Nest Pension

			2019	2018
			£	£
		Unpaid contributions due to the fund are included in other creditors and amounted to:	205	649

9	Dividends
			2019	2018
			£	£
		Dividends for the period:
		Dividends paid in the period	212,263	159,186

			212,263	159,186

		Dividends by type:

		Equity dividends	212,263	159,186
			212,263	159,186