City Corporate Management Services Limited - Period Ending 2015-07-31

Registration number: 02093009

City Corporate Management Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

Jackie Bonella BSc. ACA
Chartered Accountant
Avonlea
Bush Lane
Send
Surrey
GU23 7HP

City Corporate Management Services Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

City Corporate Management Services Limited
(Registration number: 02093009)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,463			1,852
Investments					3			3
					1,466			1,855
Current assets
Stocks					310			330
Debtors					2,136			959
Cash at bank and in hand					19,100			25,944
					21,546			27,233
Creditors: Amounts falling due within one year					(14,308)			(24,311)
Net current assets					7,238			2,922
Net assets					8,704			4,777
Capital and reserves
Called up share capital		3			25,890			25,830
Profit and loss account					(17,186)			(21,053)
Shareholders' funds					8,704			4,777

For the year ending 31 July 2015 the company was entitled to exemption 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 15 September 2015

.........................................
G F Sweet
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

City Corporate Management Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & machinery	25% reducing balance basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

City Corporate Management Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 August 2014		15,839			3			15,842
Additions		80			-			80
At 31 July 2015		15,919			3			15,922
Depreciation
At 1 August 2014		13,987			-			13,987
Charge for the year		469			-			469
At 31 July 2015		14,456			-			14,456
Net book value
At 31 July 2015		1,463			3			1,466
At 31 July 2014		1,852			3			1,855

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Guildford City Directors Limited		Ordinary shares	100%	Dormant
Guildford City Secretaries Limited		Ordinary shares	100%	Dormant
Guildford City Nominees Limited		Ordinary shares	100%	Dormant

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £10.00 each		2,589			25,890			2,583			25,830

Page 3

City Corporate Management Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

New shares allotted

During the year 6 Ordinary shares having an aggregate nominal value of £60 were allotted for an aggregate consideration of £60.

Page 4