Concise CRM Limited - Filleted accounts

Concise CRM Limited - Filleted accounts

CONCISE CRM LIMITED - Company Information

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Concise CRM Limited
Registered number: 08844244
Balance Sheet
as at 30 June 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 6,567 8,504
Investments 3 50 -
6,617 8,504
Current assets
Debtors 4 37,567 44,926
Cash at bank and in hand 41,939 25,578
79,506 70,504
Creditors: amounts falling due within one year 5 (49,168) (52,211)
Net current assets 30,338 18,293
Net assets 36,955 26,797
Capital and reserves
Called up share capital 200 200
Profit and loss account 36,755 26,597
Shareholders' funds 36,955 26,797
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Blunn
Director
Approved by the board on 11 September 2017
Concise CRM Limited
Notes to the Accounts
for the year ended 30 June 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2016 15,646
Additions 2,633
At 30 June 2017 18,279
Depreciation
At 1 July 2016 7,142
Charge for the year 4,570
At 30 June 2017 11,712
Net book value
At 30 June 2017 6,567
At 30 June 2016 8,504
3 Investments
Other
investments
£
Cost
Additions 50
At 30 June 2017 50
The company has a 50% share in Aluminar Limited which was incorporated on 01/03/17.
4 Debtors 2017 2016
£ £
Trade debtors 37,567 44,926
5 Creditors: amounts falling due within one year 2017 2016
£ £
Corporation tax 22,793 8,740
Other taxes and social security costs 24,141 23,794
Other creditors 2,234 19,677
49,168 52,211
6 Other information
Concise CRM Limited is a private company limited by shares and incorporated in England. Its registered office is:
47 London Lane
Bromley
Kent
BR1 4HB
7 Related party transactions
During the year dividends of £78,500 (2016: £24,000) were paid.
At the balance sheet date, the company owed the directors jointly £439 (2016: £2,223)
8 Ultimate controlling party
The shares are under the control of the directors.
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