Canamp Ltd - Period Ending 2015-11-30

Registration number: 9332864

Canamp Ltd

Unaudited Abbreviated Accounts

for the Period from 28 November 2014 to 30 November 2015

 

Jeremy Clark Accountants Ltd T/A AIMS
The Moat House
Sallow Lane
Wacton
Norwich
Norfolk
NR15 2UL

Canamp Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Canamp Ltd
for the Period Ended 30 November 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Canamp Ltd for the period ended 30 November 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Canamp Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Canamp Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Canamp Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Canamp Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Canamp Ltd. You consider that Canamp Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Canamp Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jeremy Clark Accountants Ltd T/A AIMS
The Moat House
Sallow Lane
Wacton
Norwich
Norfolk
NR15 2UL

29 April 2016

Page 1

Canamp Ltd
(Registration number: 9332864)
Abbreviated Balance Sheet at 30 November 2015

		Note			30 November 2015 £
Fixed assets
Tangible fixed assets					3,784
Current assets
Debtors					393
Cash at bank and in hand					106,508
					106,901
Creditors: Amounts falling due within one year					(36,184)
Net current assets					70,717
Total assets less current liabilities					74,501
Provisions for liabilities					(757)
Net assets					73,744
Capital and reserves
Called up share capital		3			100
Profit and loss account					73,644
Shareholders' funds					73,744

For the year ending 30 November 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 29 April 2016

.........................................
Mr Richard Paul
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Canamp Ltd
Notes to the Abbreviated Accounts for the Period from 28 November 2014 to 30 November 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, net of value added tax, 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
Office equipment	33% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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 3

Canamp Ltd
Notes to the Abbreviated Accounts for the Period from 28 November 2014 to 30 November 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		5,645			5,645
At 30 November 2015		5,645			5,645
Depreciation
Charge for the period		1,861			1,861
At 30 November 2015		1,861			1,861
Net book value
At 30 November 2015		3,784			3,784

3	Share capital

Allotted, called up and fully paid shares

	30 November 2015
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. New shares were issued at par upon incorporation of the company.

Page 4