Currant Ltd - Abbreviated accounts 16.3
Currant Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 October 2016 |
| for |
| Currant Ltd |
| Currant Ltd (Registered number: 04313359) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Currant Ltd |
| Company Information |
| for the Year Ended 31 October 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Currant Ltd (Registered number: 04313359) |
| Abbreviated Balance Sheet |
| 31 October 2016 |
| 31.10.16 | 31.10.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | (75,833 | ) | (86,379 | ) |
| PROVISIONS FOR LIABILITIES | (8,439 | ) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Currant Ltd (Registered number: 04313359) |
| Abbreviated Balance Sheet - continued |
| 31 October 2016 |
| The financial statements were approved by the Board of Directors on |
| Currant Ltd (Registered number: 04313359) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2016 |
| 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 net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| 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. |
| 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. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2015 |
| Additions |
| At 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| Currant Ltd (Registered number: 04313359) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 | 45,098 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiaries |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 72.00 |
| £ | £ |
| Aggregate capital and reserves | 193,403 | 288,347 |
| Profit for the year | 198,530 | 259,589 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 60.00 |
| £ | £ |
| Aggregate capital and reserves | 10,525 | (12,168 | ) |
| Profit/(loss) for the year | 25,347 | (9,243 | ) |
| Associated companies |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| 31.10.16 | 31.10.15 |
| £ | £ |
| Aggregate capital and reserves | 70,049 | 70,771 |
| (Loss)/profit for the year | (596 | ) | 7,577 |
| Currant Ltd (Registered number: 04313359) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| 31.10.15 | 31.10.15 |
| £ | £ |
| Aggregate capital and reserves | 52,843 | 40,464 |
| Profit for the year | 41,721 | 43,385 |
| 4. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 31.10.16 | 31.10.15 |
| £ | £ |
| Repayable by instalments | 47,033 | 57,579 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
| value: | £ | £ |
| Ordinary | 1 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the director, Mr J Kay, introduced funds to and withdrew funds from the company by way of a directors |
| loan account. This loan is repayable upon demand and interest of £2,066 has been charged at the official rate of interest. At |
| the year end the director owed the company £77,536 (2015: £25,132) and this amount is included in debtors. The maximum |
| balance outstanding during the year was £77,536. |
| During the year the director, Mr C Plummer, introduced funds to and withdrew funds from the company by way of a |
| directors loan account. This loan is interest free and repayable upon demand. At the year end the company owed the |
| director £3,220 (2015: £3,220) and this amount is included in creditors. |
| 7. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Jason Kay who has an effective interest in 75% of the issued share capital |
| of the company. |