Cambio Business Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06597488 (England and Wales)

Abbreviated Accounts

for the Period 1 June 2014 to 30 November 2015

for

Cambio Business Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

I R Pinches

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

06597488 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

FIXED ASSETS

Tangible assets

2

1,379

1,305

CURRENT ASSETS

Debtors

16,713

210,084

Cash at bank

66,757

68,314

83,470

278,398

CREDITORS

Amounts falling due within one year

11,192

92,165

NET CURRENT ASSETS

72,278

186,233

TOTAL ASSETS LESS CURRENT LIABILITIES

73,657

187,538

PROVISIONS FOR LIABILITIES

276

261

NET ASSETS

73,381

187,277

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

73,379

187,275

SHAREHOLDERS' FUNDS

73,381

187,277

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

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

The director acknowledges his 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 director on 1 February 2016 and were signed by:

I R Pinches - 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

Turnover represents charges for all consultancy provided during the accounting period, excluding value added

tax.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

1,797

Additions

466

At 30 November 2015

2,263

DEPRECIATION

At 1 June 2014

492

Charge for period

392

At 30 November 2015

884

NET BOOK VALUE

At 30 November 2015

1,379

At 31 May 2014

1,305

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 November 2015 and the

year ended 31 May 2014:

2015

2014

£

£

I R Pinches

Balance outstanding at start of period

99,246

-

Amounts advanced

-

99,246

Amounts repaid

(99,246

)

-

Balance outstanding at end of period

-

99,246

Interest at the official rate has been charged on the loan to the director.

5.	RELATED PARTY DISCLOSURES