C Reason Limited - Accounts to registrar - small 16.1.1

C Reason Limited - Accounts to registrar - small 16.1.1

C REASON LIMITED - Company Information

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REGISTERED NUMBER: 03857239 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2016

for

C Reason Limited

C Reason Limited (Registered number: 03857239)






Contents of the Financial Statements
for the Year Ended 31 March 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C Reason Limited

Company Information
for the Year Ended 31 March 2016







DIRECTOR: A Crosthwaite





SECRETARY: A Crosthwaite





REGISTERED OFFICE: Southgate House
59 Magdalen Street
Exeter
Devon
EX2 4HY





REGISTERED NUMBER: 03857239 (England and Wales)





ACCOUNTANTS: Prydis Accounts Limited
Chartered Accountants
Southgate House
59 Magdalen Street
Exeter
Devon
EX2 4HY
Page 1
C Reason Limited (Registered number: 03857239)

Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,330 1,324

CURRENT ASSETS
Debtors: amounts falling due within one year 5 11,249 34,446
Cash at bank 232,304 210,332
243,553 244,778
CREDITORS
Amounts falling due within one year 6 24,821 31,850
NET CURRENT ASSETS 218,732 212,928
TOTAL ASSETS LESS CURRENT
LIABILITIES
220,062
214,252

PROVISIONS FOR LIABILITIES 90 332
NET ASSETS 219,972 213,920

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 219,970 213,918
SHAREHOLDERS' FUNDS 219,972 213,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the director on 1 November 2016 and were signed by:





A Crosthwaite - Director


The notes form part of these financial statements

Page 2
C Reason Limited (Registered number: 03857239)

Notes to the Financial Statements
for the Year Ended 31 March 2016

1. STATUTORY INFORMATION

C Reason Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director has assessed the going concern and considers that there are no material uncertainties which may
cast significant doubt about the company's ability to continue. As a result, the financial statements have been
prepared using the going concern basis of accounting.

Turnover
Turnover represents net invoiced sales of consultancy services, excluding value added tax. Turnover is
recognised in the year in which the service was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2015 2,739
Additions 449
At 31 March 2016 3,188
DEPRECIATION
At 1 April 2015 1,415
Charge for year 443
At 31 March 2016 1,858
NET BOOK VALUE
At 31 March 2016 1,330
At 31 March 2015 1,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.16 31.3.15
£    £   
Trade debtors 6,390 29,342
Other debtors 4,859 4,859
Prepayments - 245
11,249 34,446

Page 3 continued...
C Reason Limited (Registered number: 03857239)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.16 31.3.15
£    £   
Trade creditors 906 615
Taxation and social security 15,712 27,595
Other creditors 8,203 3,640
24,821 31,850

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director had a loan with the company of £7,173 (2015 £2,774), included within creditors. The
loan was interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2015 - £35,785) were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mr A Crosthwaite.

Page 4