Effect Signal Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08631465 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 June 2017

for

Effect Signal Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

M S Brewin

REGISTERED OFFICE:

5B Tufnell Mansions

73 Anson Road

London

N7 0AT

REGISTERED NUMBER:

08631465 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Effect Signal Ltd for the year ended 30 June 2017 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Effect Signal Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Effect Signal Ltd and state those matters that we have agreed to state to the director of Effect Signal Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Effect Signal Ltd director for our work or for this report.

It is your duty to ensure that Effect Signal Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Effect Signal Ltd. You consider that Effect Signal Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Effect Signal Ltd. 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 statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

22 November 2017

FIXED ASSETS

Tangible assets

4

905

794

CURRENT ASSETS

Debtors

5

12,346

14,525

Cash at bank

37,294

21,051

49,640

35,576

CREDITORS

Amounts falling due within one year

6

21,523

20,234

NET CURRENT ASSETS

28,117

15,342

TOTAL ASSETS LESS CURRENT LIABILITIES

29,022

16,136

PROVISIONS FOR LIABILITIES

172

159

NET ASSETS

28,850

15,977

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

28,750

15,877

SHAREHOLDERS' FUNDS

28,850

15,977

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 22 November 2017 and were signed by:

M S Brewin - Director

1.	STATUTORY INFORMATION

Effect Signal Ltd 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 represents the value of services provided under contracts to the extent that there is a

right to consideration and is recorded at the value of the consideration due. Where a contract has

only been partially completed at the balance sheet date, turnover represents the value of the

service provided to date based on a proportion of the total expected consideration at completion

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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 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.

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 year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2016

-

1,058

1,058

Additions

413

-

413

At 30 June 2017

413

1,058

1,471

DEPRECIATION

At 1 July 2016

-

264

264

Charge for year

103

199

302

At 30 June 2017

103

463

566

NET BOOK VALUE

At 30 June 2017

310

595

905

At 30 June 2016

-

794

794

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Directors' current accounts

3,037

-

Prepayments and accrued income

9,309

14,525

12,346

14,525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Corporation tax

15,463

14,661

VAT

4,270

2,310

Directors' current accounts

-

115

Accruals and deferred income

1,790

3,148

21,523

20,234

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2017 and

30 June 2016:

30.6.17

30.6.16

£

£

M S Brewin

Balance outstanding at start of year

(115

)

-

Amounts advanced

68,668

8,789

Amounts repaid

(65,516

)

(8,904

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,037

(115

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,052 (2016 - £43,400) were paid to the director .

10.	FIRST YEAR ADOPTION

This is the first year that the company has presented its accounts under FRS 102 (1A). The latest

financial statements under UK GAAP were for the year ending 30 June 2016. The date of transition

to FRS 102 (1A) was 1 July 2015. There are no changes to the company profits or equity as a result

of its transition from UK GAAP as previously reported under FRS 102 (1A).