Cnr Consulting Limited - Period Ending 2017-03-31

Registration number: 10149171

Cnr Consulting Limited

Annual Report and Unaudited Financial Statements

for the Period from 27 April 2016 to 31 March 2017

Accounts Direct Limited
37TH Floor 1 Canada Square
Canary Wharf
London
E14 5AA

Cnr Consulting Limited

Contents

Company Information	1
Directors' Report	2
Statement of Directors' Responsibilities	3
Accountants' Report	4
Profit and Loss Account	5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Notes to the Financial Statements	9 to 10

Cnr Consulting Limited

Company Information

Directors

Mr Huong Tran Ms Rashmi Bettadapura Nagesh

Registered office

Accounts Direct 37TH Floor One Canada Square Canary Wharf London London E14 5AA

Accountants

Accounts Direct Limited 37TH Floor 1 Canada Square Canary Wharf London E14 5AA

Page 1

Cnr Consulting Limited

Directors' Report for the Period from 27 April 2016 to 31 March 2017

The directors present their report and the financial statements for the period from 27 April 2016 to 31 March 2017.

Incorporation

The company was incorporated on 27 April 2016.

Directors of the company

The directors who held office during the period were as follows:

Mr Huong Tran (appointed 27 April 2016)

Ms Rashmi Bettadapura Nagesh (appointed 27 April 2016)

Principal activity

The principal activity of the company is other information technology service activities.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 30 December 2017 and signed on its behalf by:

.........................................
Ms Rashmi Bettadapura Nagesh
Director

Page 2

Cnr Consulting Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cnr Consulting Limited
for the Period Ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cnr Consulting Limited for the period ended 31 March 2017 as set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Cnr Consulting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cnr Consulting Limited. You consider that Cnr Consulting Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Cnr Consulting Limited. 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 accounts.

......................................

Accounts Direct Limited
37TH Floor 1 Canada Square
Canary Wharf
London
E14 5AA

Date:.............................

Page 4

Cnr Consulting Limited

Profit and Loss Account for the Period from 27 April 2016 to 31 March 2017

	Note	Total 31 March 2017 £
Turnover		87,575
Administrative expenses		(17,638)
Operating profit		69,937
Profit before tax	3	69,937
Taxation		(13,987)
Profit for the financial period		55,950

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

The notes on pages 9 to 10 form an integral part of these financial statements.

Page 5

Cnr Consulting Limited

Statement of Comprehensive Income for the Period from 27 April 2016 to 31 March 2017

	Note	2017 £
Profit for the period		55,950
Total comprehensive income for the period		55,950

The notes on pages 9 to 10 form an integral part of these financial statements.

Page 6

Cnr Consulting Limited

(Registration number: 10149171)
Balance Sheet as at 31 March 2017

	Note	2017 £
Current assets
Debtors	4	12,849
Cash at bank and in hand		1,140
		13,989
Creditors: Amounts falling due within one year		(13,987)
Net assets		2
Capital and reserves
Called up share capital		2
Total equity		2

For the financial period ending 31 March 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 December 2017 and signed on its behalf by:
 

.........................................

Ms Rashmi Bettadapura Nagesh

Director

The notes on pages 9 to 10 form an integral part of these financial statements.

Page 7

Cnr Consulting Limited

Statement of Changes in Equity for the Period from 27 April 2016 to 31 March 2017

	Share capital £	Profit and loss account £	Total £
Profit for the period	-	55,950	55,950
Total comprehensive income	-	55,950	55,950
Dividends	-	(55,950)	(55,950)
New share capital subscribed	2	-	2
At 31 March 2017	2	-	2

The notes on pages 9 to 10 form an integral part of these financial statements.

Page 8

Cnr Consulting Limited

Notes to the Financial Statements for the Period from 27 April 2016 to 31 March 2017

1	General information

Country of incorporation

The address of its registered office is:
Accounts Direct 37TH Floor
One Canada Square
Canary Wharf London
London
E14 5AA
England

These financial statements were authorised for issue by the Board on 30 December 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 9

Cnr Consulting Limited

Notes to the Financial Statements for the Period from 27 April 2016 to 31 March 2017

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Profit before tax

Arrived at after charging/(crediting)

2017 £

4

Debtors

	2017 £
Other debtors	12,849
Total current trade and other debtors	12,849

Page 10

Cnr Consulting Limited

Detailed Profit and Loss Account for the Period from 27 April 2016 to 31 March 2017

2017 £

Turnover
Sale of goods, UK	87,575

Employee benefits expense
Directors remuneration	8,667
Staff training	805
	9,472

Other expenses
Administrative and office expenses	1,950
Travel and subsistence	5,207
Accountancy fees	920
Legal and professional fees	89
	8,166

This page does not form part of the statutory financial statements.

Page 11