Explorers Connect Limited - Period Ending 2016-04-30

Registration number: 07598165

Explorers Connect Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Cleverdon & Co
Chartered Certified Accountants
3rd Floor The Sion
Crown Glass Place
Nailsea
BS48 1RB

Explorers Connect Limited
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 Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Explorers Connect Limited
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Explorers Connect Limited for the year ended 30 April 2016 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Explorers Connect Limited, 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 Explorers Connect Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Explorers Connect Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Explorers Connect Limited 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 Explorers Connect Limited. You consider that Explorers Connect Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Explorers Connect Limited. 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.

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

Cleverdon & Co
Chartered Certified Accountants
3rd Floor The Sion
Crown Glass Place
Nailsea
BS48 1RB

16 December 2016

Page 1

Explorers Connect Limited
(Registration number: 07598165)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					449			931
Current assets
Debtors					3,738			1,037
Cash at bank and in hand					14,562			10,790
					18,300			11,827
Creditors: Amounts falling due within one year					(9,357)			(7,013)
Net current assets					8,943			4,814
Total assets less current liabilities					9,392			5,745
Provisions for liabilities					-			(193)
Net assets					9,392			5,552
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					8,392			4,552
Shareholders' funds					9,392			5,552

For the year ending 30 April 2016 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 her 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 16 December 2016

.........................................
 Miss B J Kirk
 Director

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

Explorers Connect Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable 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
Fixtures and fittings	25% straight line basis

Research and development

Research and development expenditure is written off as incurred.

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		12,856			12,856
Additions		599			599
At 30 April 2016		13,455			13,455
Depreciation
At 1 May 2015		11,925			11,925
Charge for the year		1,081			1,081
At 30 April 2016		13,006			13,006
Net book value
At 30 April 2016		449			449
At 30 April 2015		931			931

Page 3

Explorers Connect Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

Page 4