Comotion Consulting Limited
Comotion Consulting Limited
Registered number: 08359544
Unaudited Financial Statements
For The Year Ended 31 March 2017
Hamilton Blake
Chartered Tax Advisers and Accountants
Thornton House
17 London Street
Swaffham
Norfolk
PE37 7DD
Comotion Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 March 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—7 |
Comotion Consulting Limited
Accountant's Report
For The Year Ended 31 March 2017
Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 March 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Chartered Tax Advisers and Accountants
Thornton House
17 London Street
Swaffham
Norfolk
PE37 7DD
Page 1
Comotion Consulting Limited
Balance Sheet
As at
31 March 2017
Balance Sheet
Registered number:
08359544
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 9 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Share premium account |
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| Capital redemption reserve |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 488,287 | 407,026 | |||
Page 2
Comotion Consulting Limited
Balance Sheet (continued)
As at
31 March 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 5 to 7 form part of these financial statements.
Page 3
Comotion Consulting Limited
Statement of Changes in Equity
For The Year Ended 31 March 2017
Statement of Changes in Equity
| Share Capital | Share Premium | Capital Redemption | Profit & Loss Account | Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| As at 1 April 2015 |
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20,904 |
| Profit for the year and total comprehensive income | - | - | - |
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583,447 |
| Dividends paid | - | - | - | (182,325) | (182,325) |
| Arising on shares issued during the period |
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- | - | - | 1 |
| Purchase of own shares |
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(15,001) |
| As at 31 March 2016 and 1 April 2016 |
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407,026 |
| Profit for the year and total comprehensive income | - | - | - |
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295,808 |
| Dividends paid | - | - | - | (214,546) | (214,546) |
| Arising on shares issued during the period |
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- | - | - | - |
| As at |
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488,287 |
Page 4
Comotion Consulting Limited
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.4.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
6.
Tangible Assets
| Computer Equipment | |
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| £ | |
| Cost | |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Page 5
Comotion Consulting Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
7.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Amounts owed by other participating interests | 89,077 | - | |
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8.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Net wages | 128 | 3,061 | |
| Expense claims |
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| Accruals and deferred income |
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| Directors' loan accounts | - |
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9.
Deferred Taxation
| 2017 | 2016 | ||
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| £ | £ | ||
| Deferred taxation |
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| Deferred tax |
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The provision for deferred taxation is made up of accelerated capital allowances
Page 6
Comotion Consulting Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
11.
Dividends
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 214,546 | 182,325 | ||
12.
Ultimate Controlling Party
The company's ultimate controlling party is Mr R Millar by virtue of his ownership of 81% of the voting share capital in the company.
13.
General Information
Comotion Consulting Limited Registered number 08359544 is a limited by shares company incorporated in England & Wales. The Registered Office is 17 Hardinge Road, London, NW10 3PL.
Page 7