Conference Contacts Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02118204 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2016 to 31 March 2017

for

Conference Contacts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms D E Ellis

SECRETARY:

Mr M Rooker

REGISTERED OFFICE:

Chartham House

16a College Avenue

Maidenhead

Berkshire

SL6 6AX

REGISTERED NUMBER:

02118204 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

4

33,670

43,003

CURRENT ASSETS

Debtors

5

599,710

558,175

Cash at bank and in hand

1,102,606

801,036

1,702,316

1,359,211

CREDITORS

Amounts falling due within one year

6

(1,431,816

)

(1,159,700

)

NET CURRENT ASSETS

270,500

199,511

TOTAL ASSETS LESS CURRENT LIABILITIES

304,170

242,514

PROVISIONS FOR LIABILITIES

(5,197

)

(6,797

)

NET ASSETS

298,973

235,717

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

288,973

225,717

SHAREHOLDERS' FUNDS

298,973

235,717

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

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

The director acknowledges her 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 25 August 2017 and were signed by:

Ms D E Ellis - Director

1.	STATUTORY INFORMATION

Conference Contacts 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make

judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are

not readily apparent from other sources. The estimates and associated assumptions are based on

historical experience and other factors that are considered to be relevant. Actual results may differ

from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to

accounting estimates are recognised in the period in which the estimate is revised if the revision

affects only that period, or in the period of the revision and future periods if the revision affects

both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover comprises revenue recognised by the company in respect of services delivered through

corporate events during the year, exclusive of value added tax. Income is recognised when the event

takes place.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the

contractual provisions of the instrument. Financial liabilities and equity instruments are classified

according to the substance of the contractual arrangements entered into. An equity instrument is

any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

(i) Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction

costs), except for those financial assets classified as at fair value through profit or loss, which are

initially measured at fair value (which is normally the transaction price excluding transaction costs),

unless the arrangement constitutes a financing transaction. If an arrangement constitutes a

financing transaction, the financial asset or financial liability is measured at the present value of the

future payments discounted at a market rate of interest for a similar debt instrument. Financial

assets and liabilities are only offset in the statement of financial position when, and only when there

exists a legally enforceable right to set off the recognised amounts and the company intends either

to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Debt instruments which meet the following conditions are subsequently measured at amortised cost

using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive

variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not

both) to be linked to a single relevant observable index of general price inflation of the currency in

which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life

of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not

contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the

holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or

arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and

satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal

amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder

to put it back to the issuer before maturity are not contingent on future events, other than to

protect the holder against the credit deterioration of the issuer or a change in control of the issuer,

or to protect the holder or issuer against changes in levies applied by a central bank or arising from

changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided

that the return to the holder and any other contractual provisions applicable during the extended

term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition

and which meet the above conditions are measured at the undiscounted amount of the cash or

other consideration expected to be paid or received, net of impairment. With the exception of some

hedging instruments, other debt instruments not meeting these conditions are measured at fair

value through profit or loss. Commitments to make and receive loans which meet the conditions

mentioned above are measured at cost (which may be nil) less impairment.

Financial assets are derecognised when and only when (a) the contractual rights to the cash flows

from the financial asset expire or are settled, (b) the company transfers to another party

substantially all of the risks and rewards of ownership of the financial asset, or (c) the company,

despite having retained some, but not all, significant risks and rewards of ownership, has transferred

control of the asset to another party. Financial liabilities are derecognised only when the obligation

specified in the contract is discharged, cancelled or expires.

(ii) Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares

(where shares are publicly traded or their fair value is reliably measurable) are measured at fair

value through profit or loss. Where fair value cannot be measured reliably, investments are

measured at cost less impairment.

In the company balance sheet, investments in subsidiaries and associates are measured at cost less

impairment. For investments in subsidiaries acquired for consideration including the issue of shares

qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued

plus fair value of other consideration. Any premium is ignored.

(iii) Equity instruments

Equity instruments issued by the company are recorded at the fair value of cash or other resources

received or receivable, net of direct issue costs.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving

at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2016 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

218,957

Additions

5,646

At 31 March 2017

224,603

DEPRECIATION

At 1 May 2016

175,954

Charge for period

14,979

At 31 March 2017

190,933

NET BOOK VALUE

At 31 March 2017

33,670

At 30 April 2016

43,003

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

30.4.16

£

£

Trade debtors

378,355

242,690

Other debtors

221,355

315,485

599,710

558,175

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

30.4.16

£

£

Trade creditors

147,195

207,987

Taxation and social security

75,354

55,120

Other creditors

1,209,267

896,593

1,431,816

1,159,700

7.	RELATED PARTY DISCLOSURES

During the period, total dividends of £200,000 were paid to the directors and shareholders.

At the end of the period £147,467 (2016:£102,595) was owed to Ms D E Ellis.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms D E Ellis.