Certags Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09195749 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

30TH AUGUST 2014 TO 30TH JUNE 2015

FOR

CERTAGS LIMITED

TRADING AS

COMPLIED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Brusasco

A J Mulrooney

SECRETARY:

N Brusasco

REGISTERED OFFICE:

40-46 Ashton Old Road

Manchester

Lancashire

M12 6LP

REGISTERED NUMBER:

09195749 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Greg's Buildings

1 Booth Street

Manchester

M2 4AD

FIXED ASSETS

Tangible assets

2

723

CURRENT ASSETS

Stocks

145

Debtors

21,613

Cash at bank

31,696

53,454

CREDITORS

Amounts falling due within one year

31,371

NET CURRENT ASSETS

22,083

TOTAL ASSETS LESS CURRENT LIABILITIES

22,806

CAPITAL AND RESERVES

Called up share capital

3

1,200

Profit and loss account

21,606

SHAREHOLDERS' FUNDS

22,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10th March 2016 and were signed on its behalf by:

N Brusasco - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Revenue from the sale of stock is measured at the consideration receivable which equates to the invoiced

amounts, excluding value added tax and net allowances for credits and rebates. Revenue is recognised in the

profit and loss account on completion of the related transaction.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

A deferred tax liability is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date.

A deferred tax asset is treated as recoverable and therefore recognised only when it can be regarded as more

likely than not that there will be suitable taxable profits from which the future reversal of underlying timing

differences can be deducted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

964

At 30th June 2015

964

DEPRECIATION

Charge for period

241

At 30th June 2015

241

NET BOOK VALUE

At 30th June 2015

723

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,020

Ordinary A

£1

1,020

180

Ordinary B

£1

180

1,200

4.	ULTIMATE PARENT COMPANY

Promark Pty Ltd (incorporated in Australia ) is regarded by the directors as being the company's ultimate parent

company.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30th June 2015:

£

A J Mulrooney

Balance outstanding at start of period

-

Amounts advanced

10,209

Amounts repaid

(10,209

)

Balance outstanding at end of period

-

6.	RELATED PARTY DISCLOSURES

Promark Pty Ltd

A company which holds the majority shareholding in Certags Ltd.

During the period ended 30th June 2015:

- Certags Ltd provided Promark Pty Ltd with marketing and sales services amounting to £19,592.

- Promark Pty Ltd provided goods to Certags Ltd amounting to £10,743.

As at 30th June 2015 Certags Ltd owe £10,430 to Promark Pty Ltd.

7.	ULTIMATE CONTROLLING PARTY