Vincent Clemas CAAS Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08486853 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Vincent Clemas CAAS Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr L Berko

Mrs Z C Jackson

REGISTERED OFFICE:

Suite 203, 2nd Floor

China House

401 Edgware Road

London

NW2 6GY

REGISTERED NUMBER:

08486853 (England and Wales)

ACCOUNTANTS:

CAAS

Chartered Accountants

Suite 203, 2nd Floor

China House

401 Edgware Road

London

NW2 6GY

FIXED ASSETS

Intangible assets

2

136,445

204,666

Tangible assets

3

19,178

13,104

155,623

217,770

CURRENT ASSETS

Stocks

64,000

68,410

Debtors

122,884

89,523

Cash at bank

22

10,022

186,906

167,955

CREDITORS

Amounts falling due within one year

103,621

84,840

NET CURRENT ASSETS

83,285

83,115

TOTAL ASSETS LESS CURRENT
LIABILITIES

238,908

300,885

CREDITORS

Amounts falling due after more than one
year

220,000

300,000

NET ASSETS

18,908

885

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

18,808

785

SHAREHOLDERS' FUNDS

18,908

885

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 27 April 2017 and were signed on its behalf by:

Mr L Berko - 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 is the amount derived from ordinary activities, and stated after trade discounts, and net of VAT. The

revenue is recognised by reference to the stage of completion of the work.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures, fittings & computer equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is accounted for on an undiscounted basis at expected tax rates on all differences arising from the

inclusion of items of income and expenditure in taxation computations in periods different from those in which

they are included in the financial statements. A deferred tax asset is only recognised when it is more likely than

not that the asset will be recoverable in the foreseeable future out of suitable taxable profits from which the

underlying timing differences can be deducted.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

341,108

AMORTISATION

At 1 August 2015

136,442

Amortisation for year

68,221

At 31 July 2016

204,663

NET BOOK VALUE

At 31 July 2016

136,445

At 31 July 2015

204,666

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

20,475

Additions

9,162

At 31 July 2016

29,637

DEPRECIATION

At 1 August 2015

7,371

Charge for year

3,088

At 31 July 2016

10,459

NET BOOK VALUE

At 31 July 2016

19,178

At 31 July 2015

13,104

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

£1

100