Illuminations of Camberley Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05094975 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

ILLUMINATIONS OF CAMBERLEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Herd

A A S Elliott

Mrs T M Herd

SECRETARY:

Mrs T M Herd

REGISTERED OFFICE:

5 Southwell Park Road

Camberley

Surrey

GU15 3PU

REGISTERED NUMBER:

05094975 (England and Wales)

ACCOUNTANTS:

Butler & Co

Chartered Certified Accountants

Bassett House

5 Southwell Park Road

Camberley

Surrey

GU15 3PU

FIXED ASSETS

Tangible assets

4

2,591

15,205

CURRENT ASSETS

Stocks

74,862

78,115

Debtors

5

14,816

22,606

Cash at bank and in hand

80,523

97,650

170,201

198,371

CREDITORS

Amounts falling due within one year

6

57,254

347,874

NET CURRENT ASSETS/(LIABILITIES)

112,947

(149,503

)

TOTAL ASSETS LESS CURRENT LIABILITIES

115,538

(134,298

)

CAPITAL AND RESERVES

Called up share capital

240,250

1

Retained earnings

(124,712

)

(134,299

)

115,538

(134,298

)

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 directors acknowledge their 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 Board of Directors on 16 March 2018 and were signed on its behalf by:

J Herd - Director

1.	STATUTORY INFORMATION

Illuminations of Camberley 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

over the term of the lease

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of

financial assets and liabilities like trade and other accounts receivable and payable..

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other

accounts receivable and payable, are initially measured at present value of the future cash flows and

subsequently at amortised cost using the effective interest method. Debt instruments that are payable or

receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at

the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the

arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt

deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of

an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the

present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and

subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in the Income Statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an

asset's carrying amount and the present value of estimated cash flow.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2016

1

5,742

22,200

27,943

Additions

2,195

287

-

2,482

Disposals

-

-

(22,200

)

(22,200

)

At 30 June 2017

2,196

6,029

-

8,225

DEPRECIATION

At 1 July 2016

-

5,338

7,400

12,738

Charge for year

219

77

-

296

Eliminated on disposal

-

-

(7,400

)

(7,400

)

At 30 June 2017

219

5,415

-

5,634

NET BOOK VALUE

At 30 June 2017

1,977

614

-

2,591

At 30 June 2016

1

404

14,800

15,205

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

4,829

10,203

Other debtors

9,987

12,403

14,816

22,606

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

38,553

51,873

Taxation and social security

15,950

31,050

Other creditors

2,751

264,951

57,254

347,874