CMA Solutions (W Yorks) Limited Small abridged accounts

CMA SOLUTIONS (W YORKS) LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of CMA Solutions (W Yorks) Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 06650537

CMA Solutions (W Yorks) Limited

Filleted Unaudited Abridged Financial Statements

31 July 2017

CMA Solutions (W Yorks) Limited

Abridged Financial Statements

Year ended 31 July 2017

Contents	Page

Report to the board of directors on the preparation of the unaudited statutory abridged financial statements	1

Abridged statement of financial position	2

Notes to the abridged financial statements	4

CMA Solutions (W Yorks) Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of CMA Solutions (W Yorks) Limited

Year ended 31 July 2017

As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the year ended 31 July 2017, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

DHC ACCOUNTING LIMITED

Unit 7 Lillyhall Business Centre Jubilee Road Workington Cumbria CA14 4HA

11 December 2017

CMA Solutions (W Yorks) Limited

Abridged Statement of Financial Position

31 July 2017

	2017	2016
Note	£	£

Fixed assets

Tangible assets	5	1,090	1,282

Current assets

Debtors	2,483	6,251
Cash at bank and in hand	759	8,508
	------------	------------
	3,242	14,759

Creditors: amounts falling due within one year	( 19,657)	( 26,246)
	------------	------------
Net current liabilities	( 16,415)	( 11,487)
	------------	------------
Total assets less current liabilities	( 15,325)	( 10,205)
	------------	------------
Net liabilities	( 15,325)	( 10,205)
	------------	------------

CMA Solutions (W Yorks) Limited

Abridged Statement of Financial Position (continued)

31 July 2017

	2017	2016
Note	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 15,327)	( 10,207)
	------------	------------
Shareholders deficit	( 15,325)	( 10,205)
	------------	------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 11 December 2017 , and are signed on behalf of the board by:

Mr C Greenwood

Director

Company registration number: 06650537

CMA Solutions (W Yorks) Limited

Notes to the Abridged Financial Statements

Year ended 31 July 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Lairum Rise, Clifford, Wetherby, West Yorkshire, LS23 6HG, United Kingdom.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 August 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Depreciation	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2016: 2 ).

5. Tangible assets

	£
Cost
At 1 August 2016 and 31 July 2017	3,264
	------------
Depreciation
At 1 August 2016	1,982
Charge for the year	192
	------------
At 31 July 2017	2,174
	------------
Carrying amount
At 31 July 2017	1,090
	------------
At 31 July 2016	1,282
	------------

6. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2017
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C Greenwood	( 13,765)	( 746)	( 14,511)
	------------	------------	------------

	2016
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C Greenwood	( 13,418)	( 347)	( 13,765)
	------------	------------	------------

7. Related party transactions

The company was under the control of Mr & Mrs C Greenwood throughout the current and previous year. Mr & Mrs Greenwood are the managing directors and sole shareholders. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

8. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 August 2015.

No transitional adjustments were required in equity or profit or loss for the year.