Trafalgar Risk Management Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03876370

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Trafalgar Risk Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K R J Wheat

T Cramphorn

SECRETARY:

K R J Wheat

REGISTERED OFFICE:

5th Floor

Congress House

14 Lyon Road

Harrow

Middlesex

HA1 2EN

REGISTERED NUMBER:

03876370

FIXED ASSETS

Tangible assets

3

9,542

19,746

CURRENT ASSETS

Debtors

4

128,380

159,349

Cash at bank

141,813

130,877

270,193

290,226

CREDITORS

Amounts falling due within one year

5

212,490

230,222

NET CURRENT ASSETS

57,703

60,004

TOTAL ASSETS LESS CURRENT LIABILITIES

67,245

79,750

PROVISIONS FOR LIABILITIES

4,395

4,396

NET ASSETS

62,850

75,354

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

62,750

75,254

SHAREHOLDERS' FUNDS

62,850

75,354

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 28 March 2018 and were signed on its behalf by:

K R J Wheat - Director

1.	STATUTORY INFORMATION

Trafalgar Risk Management Limited is a private company, limited by shares , registered in Not specified/Other.

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 commission receipts from insurance related activities.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2016

32,071

410

219,576

252,057

Disposals

-

-

(70,499

)

(70,499

)

At 30 June 2017

32,071

410

149,077

181,558

DEPRECIATION

At 1 July 2016

32,071

410

199,830

232,311

Charge for year

-

-

10,203

10,203

Eliminated on disposal

-

-

(70,498

)

(70,498

)

At 30 June 2017

32,071

410

139,535

172,016

NET BOOK VALUE

At 30 June 2017

-

-

9,542

9,542

At 30 June 2016

-

-

19,746

19,746

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

61,997

66,004

Other debtors

66,383

93,345

128,380

159,349

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

131,456

155,570

Taxation and social security

13,874

50,665

Other creditors

67,160

23,987

212,490

230,222

6.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by virtue of their shareholdings.