Accounts filed on 31-03-2015

ACCOUNTS BY CIARA LTD - Company Information

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Company Registration Number:
NI606674 (Northern Ireland)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

Contents of the Financial Statements

for the Period Ended 31 March 2015


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Directors' Report Period Ended 31 March 2015

The directors present their report with the financial statements of the company for the period ended 31 March 2015

Directors
The directors shown below have held office during the whole of the period from
01 April 2014 to 31 March 2015
Edel Pauley
Michael Pauley
Ciara Magill-Lavery

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 31 December 2015
And Signed On Behalf Of The Board By:

Name: Edel Pauley
Status: Director

Profit and Loss Account

for the Period Ended 31 March 2015

	2015 £	2014 £
Turnover:	321,912	292,907
Cost of sales:	( 4,561 )	( 1,932 )
Gross profit or (loss):	317,351	290,975
Distribution costs:	0	0
Administrative expenses:	( 269,310 )	( 265,552 )
Other operating income:	0	0
Operating profit or (loss):	48,041	25,423
Interest receivable and similar income:	1	1
Interest payable and similar charges:	( 854 )	( 854 )
Profit or (loss) on ordinary activities before taxation:	47,188	24,570
Tax on profit or (loss) on ordinary activities:	( 13,437 )	( 8,914 )
Profit or (loss) for the financial year:	33,751	15,656

The notes form part of these financial statements

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

Balance sheet

As at 31 March 2015

	Notes	2015 £	2014 £
Fixed assets
Intangible assets:	3	120,000	140,000
Tangible assets:	4	5,325	6,494
Total fixed assets:		125,325	146,494
Current assets
Stocks:		3,824	3,920
Debtors:		49,799	37,094
Cash at bank and in hand:		13,538	7,251
Total current assets:		67,161	48,265
Creditors: amounts falling due within one year:		( 43,049 )	( 36,034 )
Net current assets (liabilities):		24,112	12,231
Total assets less current liabilities:		149,437	158,725
Creditors: amounts falling due after more than one year:		( 101,425 )	( 144,464 )
Total net assets (liabilities):		48,012	14,261

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2015

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	5	100	100
Profit and loss account:	6	47,912	14,161
Shareholders funds:		48,012	14,261

For the year ending 31 March 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 directors acknowledge their 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 31 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Edel Pauley
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2015

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

Turnover policy

The Turnover shown in the Profit and Loss account represents revenue earned during the period exclusive of VAT

Tangible fixed assets depreciation policy

Depreciation is provided , at the following annual rate of 18% in order to write off each asset over its estimated useful life. Where any allowances eg AIA or FYA are available this will be taken.

Intangible fixed assets amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable. The amortisation is currently calculated over useful life of 10years of Purchased Goodwill

Valuation information and policy

Stock and work-in progress are valued a the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Hire purchase and leasing commitments - Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their useful life. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Notes to the Financial Statements

for the Period Ended 31 March 2015

2. Dividends

	2015 £	2014 £
Dividends paid on ordinary shares:	0	20,000
Dividends paid on preference shares:	0	0
Total dividends paid:	0	20,000

Notes to the Financial Statements

for the Period Ended 31 March 2015

3. Intangible assets

	Goodwill	Other	Total
Cost	£	£	£
01 April 2014:	200,000	-	200,000
Additions:	-	-	0
Disposals:	-	-	0
Revaluations:	-	-	0
Transfers:	-	-	0
31 March 2015:	200,000	-	200,000
Amortisation
01 April 2014:	60,000	-	60,000
Provided during the period:	20,000	-	20,000
On disposals:	-	-	0
Other Adjustments:	-	-	0
31 March 2015:	80,000	-	80,000
Net book value
31 March 2015:	120,000	-	120,000
31 March 2014:	140,000	-	140,000

Notes to the Financial Statements

for the Period Ended 31 March 2015

4. Tangible assets

	Land and buildings	Plant and Machinery	Fixtures and fittings	Office Equipment	Motor vehicles	Total
Cost	£	£	£	£	£	£
01 April 2014:	-	-	-	-	12,055	12,055
Additions:	-	-	-	-	-	0
Disposals:	-	-	-	-	-	0
Revaluations:	-	-	-	-	-	0
Transfers:	-	-	-	-	-	0
31 March 2015:	-	-	-	-	12,055	12,055
Depreciation
01 April 2014:	-	-	-	-	5,561	5,561
Charge for year:	-	-	-	-	1,169	1,169
On disposals:	-	-	-	-	-	0
Other adjustments:	-	-	-	-	-	0
31 March 2015:	-	-	-	-	6,730	6,730
Net book value
31 March 2015:	-	-	-	-	5,325	5,325
31 March 2014:	-	-	-	-	6,494	6,494

Notes to the Financial Statements

for the Period Ended 31 March 2015

5. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share (£)	Total (£)
Ordinary shares:	100	1.00	100
Preference shares:			0
Total share capital (£):			100

Current period			2015
Class	Number of shares	Nominal value per share (£)	Total (£)
Ordinary shares:	100	1.00	100
Preference shares:			0
Total share capital (£):			100

Notes to the Financial Statements

for the Period Ended 31 March 2015

6. Profit and loss account

	2015 £	2014 £
Opening balance:	14,161	18,505
Profit or (loss) for the period:	33,751	15,656
Equity dividends paid:	0	( 20,000 )
Retained profit:	47,912	14,161

Accounts filed on 31-03-2015