| Carrington Management Services Ltd |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| Carrington Management Services Ltd |
|
| You consider that the company is exempt from an audit for the year ended 31 March 2015. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Carrington Accountancy |
| Accountants |
|
| Birchin Court |
| 20 Birchin Lane |
| London |
| EC3V 9DU |
|
| 16 March 2016 |
|
| Carrington Management Services Ltd |
| Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
5 |
|
|
1,155 |
|
|
1,732 |
|
| Current assets |
| Debtors |
6 |
|
180,851 |
|
|
142,196 |
| Cash at bank and in hand |
|
|
94,735 |
|
|
196,524 |
|
|
|
275,586 |
|
|
338,720 |
|
| Creditors: amounts falling due within one year |
7 |
|
(264,644) |
|
|
(338,760) |
|
| Net current assets/(liabilities) |
|
|
|
10,942 |
|
|
(40) |
|
| Net assets |
|
|
|
12,097 |
|
|
1,692 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
8 |
|
|
2 |
|
|
2 |
| Profit and loss account |
9 |
|
|
12,095 |
|
|
1,690 |
|
| Shareholders' funds |
|
|
|
12,097 |
|
|
1,692 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| N Owen |
| Director |
| Approved by the board on 16 March 2016 |
|
| Carrington Management Services Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Website development |
33.33% Per annum |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Operating profit |
2015 |
|
2014 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
577 |
|
2,621 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Interest payable |
2015 |
|
2014 |
| £ |
£ |
|
|
Interest payable |
6 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Taxation |
2015 |
|
2014 |
| £ |
£ |
|
|
UK corporation tax |
7,015 |
|
2,162 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Website development |
| £ |
|
Cost |
|
At 1 April 2014 |
1,732 |
|
At 31 March 2015 |
1,732 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
577 |
|
At 31 March 2015 |
577 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
1,155 |
|
At 31 March 2014 |
1,732 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade debtors |
7,163 |
|
13,734 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
125,000 |
|
125,000 |
|
Directors loan |
|
|
|
|
46,395 |
|
- |
|
Other debtors |
2,293 |
|
3,462 |
|
|
|
|
|
|
180,851 |
|
142,196 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade creditors |
24,793 |
|
43,348 |
|
Accruals |
|
|
|
|
66,845 |
|
85,085 |
|
Salaries payable |
|
|
|
|
2,401 |
|
2,061 |
|
Corporation tax |
7,015 |
|
2,162 |
|
Other taxes and social security costs |
163,590 |
|
205,088 |
|
Directors loan |
- |
|
1,016 |
|
|
|
|
|
|
264,644 |
|
338,760 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Profit and loss account |
2015 |
| £ |
|
|
At 1 April 2014 |
1,690 |
|
Profit for the year |
26,905 |
|
Dividends |
(16,500) |
|
|
At 31 March 2015 |
12,095 |
|
|
|
|
|
|
|
|
| 10 |
Dividends |
2015 |
|
2014 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
16,500 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
|
| 11 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
N Owen |
|
Repayable loan |
(1,016) |
|
54,382 |
|
(6,971) |
|
46,395 |
|
|
|
(1,016) |
|
54,382 |
|
(6,971) |
|
46,395 |
|
|
|
|
|
|
|
|
|
|
Interest was charged at the official rate on all advances during the year. |
|
| 12 |
Related party transactions |
2015 |
|
2014 |
| £ |
£ |
|
Carrington Corporate Services Limited |
|
N Owen has controlling interest |
|
Overheads recharged by (to) the related party |
|
6,685 |
|
8,096 |
|
Amount due from (to) the related party |
(1,848) |
|
(11,184) |
|
Carrington Umbrella Limited |
|
N Owen has controlling interest |
|
Amount due from (to) the related party |
2,978 |
|
9,549 |
|
|
| 13 |
Ultimate controlling party |
|
|
During the year the company was controlled by the director N Owen. |
