Caroleo Technology Limited - Accounts to registrar

REGISTERED NUMBER: 07824829 (England and Wales)

CAROLEO TECHNOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Report of the accountants

6

DIRECTOR:

A B Caroleo

REGISTERED OFFICE:

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

REGISTERED NUMBER:

07824829 (England and Wales)

ACCOUNTANTS:

F W Berringer & Co

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Tangible assets

4

1,327

1,667

CURRENT ASSETS

Stocks

2,000

1,500

Debtors

5

13,576

10,595

Cash at bank and in hand

1,436

1,515

17,012

13,610

CREDITORS

Amounts falling due within one year

6

18,314

14,855

NET CURRENT LIABILITIES

(1,302

)

(1,245

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25

422

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

7

24

421

SHAREHOLDERS' FUNDS

25

422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director on 4 September 2017 and were signed by:

A B Caroleo - Director

1.	STATUTORY INFORMATION

Caroleo Technology Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 April 2016

and 31 March 2017

3,999

600

4,599

DEPRECIATION

At 1 April 2016

2,522

410

2,932

Charge for year

292

48

340

At 31 March 2017

2,814

458

3,272

NET BOOK VALUE

At 31 March 2017

1,185

142

1,327

At 31 March 2016

1,477

190

1,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

7,527

5,651

Other debtors

6,049

4,944

13,576

10,595

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

6,092

4,288

Taxation and social security

5,022

3,367

Other creditors

7,200

18,314

14,855

7.

RESERVES

Retained

earnings

£

At 1 April 2016

421

Profit for the year

11,003

Dividends

(11,400

)

At 31 March 2017

24

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,400 (2016 - £9,600) were paid to the director.

As at the balance sheet date, the director owed the company £5,905 (2016 - £4,944). This balance was repaid within 9

months of the year end.

EPML Limited

A Company 50% owned and controlled by Mr A Caroleo.

During the year the company paid £1,200 rent to EPML Limited.

At the year end the company had a trade debtor balance of £53 with EPML Limited and an other debtor balance of £145.

At the year end the company had a trade creditor balance of £100 with EPML Limited.

9.	ULTIMATE CONTROLLING PARTY

The company is owned and controlled by Mr A Caroleo.

10.	FRS 102 FIRST YEAR ADOPTION

The company has adopted FRS 102 for the year ended 31 March 2017. Whilst the transition to FRS 102 from old UK

GAAP has had no effect on the Company's reported financial position or financial performance as at 1 April 2015 or 31

March 2016, there have been several presentational differences which are reflected in these financial statements. No

transitional provisions on conversion to FRS 102 have been applied.

The following reproduces the text of the report prepared for the director and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance

sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the

director are not required to be filed with the Registrar of Companies.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

F W Berringer & Co

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

4 September 2017

Caroleo Technology Limited - Accounts to registrar - small 17.2

Caroleo Technology Limited - Accounts to registrar - small 17.2