Churchill Associates (UK) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02458240 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

CHURCHILL ASSOCIATES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Shaw

Mrs W J Shaw

REGISTERED OFFICE:

Shirley House

High Street

Newent

Gloucestershire

GL18 1AY

REGISTERED NUMBER:

02458240 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

468

853

CURRENT ASSETS

Debtors

5

5,515

11,534

Cash at bank

21,665

1,954

27,180

13,488

CREDITORS

Amounts falling due within one year

6

27,615

14,315

NET CURRENT LIABILITIES

(435

)

(827

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33

26

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

29

22

SHAREHOLDERS' FUNDS

33

26

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 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 Board of Directors on 29 August 2017 and were signed on its behalf by:

D J Shaw - Director

1.	STATUTORY INFORMATION

Churchill Associates (UK) 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.

Computer equipment

-

25% on cost

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 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2016

and 30 April 2017

1,545

DEPRECIATION

At 1 May 2016

692

Charge for year

385

At 30 April 2017

1,077

NET BOOK VALUE

At 30 April 2017

468

At 30 April 2016

853

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,515

10,044

Other debtors

-

1,490

5,515

11,534

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

64

2,989

Taxation and social security

15,281

10,596

Other creditors

12,270

730

27,615

14,315

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the start of the year, the director's current account was overdrawn, the maximum amount and the opening

balance was £1,458. This has subsequently been cleared.

8.	RELATED PARTY DISCLOSURES

At 30 April 2017 other creditors includes loans made to the company by the directors of £11,516 (2016 £nil).

The loans are interest free and no fixed date for repayment.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Shaw and Mrs W Shaw.