EX_CANTIBUS_GAUDIUM_LIMIT - Accounts

EX CANTIBUS GAUDIUM LIMITED - Company Information

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Company Registration No. 04182235 (England and Wales)

EX CANTIBUS GAUDIUM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

EX CANTIBUS GAUDIUM LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EX CANTIBUS GAUDIUM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

385,071

481,339

Tangible assets

10,458

13,944

395,529

495,283

Current assets

Debtors

100,000

Creditors: amounts falling due within one year

(388,122)

(356,197)

Net current liabilities

(288,122)

(356,197)

Total assets less current liabilities

107,407

139,086

Creditors: amounts falling due after more than one year

(214,689)

(186,220)

(107,282)

(47,134)

Capital and reserves

Called up share capital

100

Profit and loss account

(107,382)

(47,234)

Shareholders' funds

(107,282)

(47,134)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 December 2016

Mr R Hartshorne

Director

Company Registration No. 04182235

EX CANTIBUS GAUDIUM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company is dependent upon the continuing financial support of the director.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 10 years. of 10 years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Net Book Value

1.5

Revenue recognition

Revenue is recognised as earned when the company receives the invoiced amount into the company's bank account and ownership of the composed composition has been passed on to its new owners. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients based on the time spent excluding VAT.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015 & at 31 March 2016

722,007

18,897

740,904

Depreciation

At 1 April 2015

240,668

4,953

245,621

Charge for the year

96,268

3,486

99,754

At 31 March 2016

336,936

8,439

345,375

Net book value

At 31 March 2016

385,071

10,458

395,529

At 31 March 2015

481,339

13,944

495,283

EX CANTIBUS GAUDIUM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100