ACCOUNTS - Final Accounts

CAPITIS CONSULTING LIMITED - Company Information

Caseware UK (AP4) 2014.0.91 2014.0.91 2016-12-312016-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-01-01 08747424 2016-01-01 2016-12-31 08747424 2016-12-31 08747424 2015-12-31 08747424 c:Director1 2016-01-01 2016-12-31 08747424 d:OfficeEquipment 2016-01-01 2016-12-31 08747424 d:OfficeEquipment 2016-12-31 08747424 d:OfficeEquipment 2015-12-31 08747424 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-01-01 2016-12-31 08747424 d:CurrentFinancialInstruments 2016-12-31 08747424 d:CurrentFinancialInstruments 2015-12-31 08747424 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 08747424 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 08747424 d:ShareCapital 2016-12-31 08747424 d:ShareCapital 2015-12-31 08747424 d:RetainedEarningsAccumulatedLosses 2016-12-31 08747424 d:RetainedEarningsAccumulatedLosses 2015-12-31 08747424 c:FRS102 2016-01-01 2016-12-31 08747424 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 08747424 c:FullAccounts 2016-01-01 2016-12-31 08747424 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP xbrli:pure

Registered number: 08747424

CAPITIS CONSULTING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

CAPITIS CONSULTING LIMITED

REGISTERED NUMBER: 08747424

BALANCE SHEET

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£

Fixed assets
Tangible assets	3		300		450
			300		450
Current assets
Debtors: amounts falling due within one year	4	33,577		8,578
Cash at bank and in hand		645,591		258,939
		679,168		267,517
Creditors: amounts falling due within one year	5	(299,343)		(183,836)
Net current assets			379,825		83,681
Total assets less current liabilities			380,125		84,131

Net assets			380,125		84,131

Capital and reserves
Called up share capital	40,000	40,000
Profit and loss account	340,125	44,131
	380,125	84,131

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 March 2017.

Page 1

CAPITIS CONSULTING LIMITED

REGISTERED NUMBER: 08747424

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2016

G Allen

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

CAPITIS CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

Capitis Consulting Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the company is given in the company information on these financial statements.
The financial statements are presentated in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

·the amount of revenue can be measured reliably;

·it is probable that the Company will receive the consideration due under the contract;

·the stage of completion of the contract at the end of the reporting period can be measured reliably; and

·the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

CAPITIS CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

2.4

Taxation

Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

CAPITIS CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

3.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2016	600
	At 31 December 2016	600
	Depreciation
	At 1 January 2016	150
	Charge for the period on owned assets	150
	At 31 December 2016	300
	Net book value
	At 31 December 2016	300
	At 31 December 2015	450

Debtors

					2016	2015
					£	£


Trade debtors	25,000	-
Other debtors	8,577	8,578
	33,577	8,578

5.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Corporation tax	249,063	166,455
Other taxation and social security	50,280	17,381
	299,343	183,836

Page 5