Clipper Marketing Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02579104 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 5 April 2016

for

Clipper Marketing Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

P J Roblett

C Witt

SECRETARY:

M Roblett

REGISTERED OFFICE:

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

REGISTERED NUMBER:

02579104 (England and Wales)

ACCOUNTANTS:

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

FIXED ASSETS

Tangible assets

2

529

622

CURRENT ASSETS

Debtors

41,664

51,383

Cash at bank

83,547

77,197

125,211

128,580

CREDITORS

Amounts falling due within one year

21,387

27,824

NET CURRENT ASSETS

103,824

100,756

TOTAL ASSETS LESS CURRENT
LIABILITIES

104,353

101,378

CAPITAL AND RESERVES

Called up share capital

3

80

Profit and loss account

104,273

101,298

SHAREHOLDERS' FUNDS

104,353

101,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 4 January 2017 and were signed on
its behalf by:

C Witt - 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 January 2015).

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right

to consideration and is recorded at the value of the consideration due. Where a contract has only

been partially completed at the balance sheet date turnover represents the value of the service

provided to date based on a proportion of the total expected consideration at completion. Where

payments are received from customers in advance of services provided, the amounts are recorded

as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets

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

Equipment , Fixtures & Fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred taxation is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date where transactions or events have occurred at that date that will

result in an obligation to pay more, or right to pay less or to receive more, tax, with the following

exceptions:

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of

all evidence, it can be regarded as likely that there will be suitable taxable profits from which the

future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a undiscounted basis, at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving

at the operating result.

The year end exchange rates were :-

£1 = € 1.27

£1 = $ 1.44

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2015

and 5 April 2016

19,183

DEPRECIATION

At 6 April 2015

18,561

Charge for year

93

At 5 April 2016

18,654

NET BOOK VALUE

At 5 April 2016

529

At 5 April 2015

622

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.16

5.4.15

value:

£

80

Ordinary shares

£1

80

4.	RELATED PARTY DISCLOSURES

During the year Clipper Marketing Services loaned Freight Marketing Limited , a Company in which

Mr PJ Roblett and Mr C Witt, directors of Clipper Marketing Limited, control 70 % of the issued share

capital, an additional £2,152..

At the Balance Sheet date Freight Marketing Limited owed Clipper Marketing Services Limited

£2,473 (2015 : £321 ) in respect of an inter company loan.

In addition at the Balance Sheet date the Company owed Mr P J Roblett £1 (2014: £1 ) and Mr C Witt

£1 ( 2014 : £ 1 )

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Clipper Marketing Services Limited for the year ended 5 April 2016

which comprise the Profit and Loss Account, the Balance Sheet, and the related notes 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/rulebook.

This report is made solely to the Board of Directors of Clipper Marketing Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clipper Marketing Services Limited and state those matters that we have agreed to state to the Board of Directors of Clipper Marketing Services Limited, 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clipper Marketing Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clipper Marketing Services Limited. You consider that Clipper Marketing Services 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 financial statements of Clipper Marketing Services 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 financial statements.

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

4 January 2017