Classteam Limited - Accounts to registrar

REGISTERED NUMBER: 03071497 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Classteam Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Ludgate

SECRETARY:

J P Gilliard

REGISTERED OFFICE:

101 Waterloo Gardens

Milner Square

London

N1 1TY

REGISTERED NUMBER:

03071497 (England and Wales)

ACCOUNTANTS:

Grays Accountants Ltd

Chartered Accountants

Kings Works

Kings Road

Teddington

Middlesex

TW11 0QB

FIXED ASSETS

Tangible assets

4

214,561

214,571

Investments

5

3,982

218,543

218,553

CURRENT ASSETS

Debtors

6

1,948

6,472

Cash at bank

43,294

16,448

45,242

22,920

CREDITORS

Amounts falling due within one year

7

20,915

20,406

NET CURRENT ASSETS

24,327

2,514

TOTAL ASSETS LESS CURRENT
LIABILITIES

242,870

221,067

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

8

242,867

221,064

SHAREHOLDERS' FUNDS

242,870

221,067

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 31 October 2017 and were signed by:

J M Ludgate - Director

1.	STATUTORY INFORMATION

Classteam 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.

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 etc

-

25% on reducing balance

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 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

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 April 2016

and 31 March 2017

214,530

5,340

219,870

DEPRECIATION

At 1 April 2016

-

5,299

Charge for year

-

10

At 31 March 2017

-

5,309

NET BOOK VALUE

At 31 March 2017

214,530

31

214,561

At 31 March 2016

214,530

41

214,571

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2016

and 31 March 2017

3,982

NET BOOK VALUE

At 31 March 2017

3,982

At 31 March 2016

3,982

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Rent deposits held by agents

-

3,831

Prepayments

1,948

2,641

1,948

6,472

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Rent deposits

7,864

9,293

Tax

11,393

9,505

Directors' current accounts

-

10

Accrued expenses

1,658

1,598

20,915

20,406

8.

RESERVES

Retained

earnings

£

At 1 April 2016

221,064

Profit for the year

45,803

Dividends

(24,000

)

At 31 March 2017

242,867

Classteam Limited - Accounts to registrar - small 17.1

Classteam Limited - Accounts to registrar - small 17.1