4Tel Communications Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04512684 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

4TEL COMMUNICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A D Brindley

Mr S P Groom

SECRETARY:

Mr A D Brindley

REGISTERED OFFICE:

Waterside Court

Falmouth Road

PENRYN

Cornwall

TR10 8AW

REGISTERED NUMBER:

04512684 (England and Wales)

ACCOUNTANTS:

Lang Bennetts Chartered Accountants

The Old Carriage Works

Moresk Road

TRURO

Cornwall

TR1 1DG

FIXED ASSETS

Tangible assets

4

4,947

4,968

CURRENT ASSETS

Debtors

5

63,852

46,592

Cash at bank and in hand

48,292

91,713

112,144

138,305

CREDITORS

Amounts falling due within one year

6

87,105

91,435

NET CURRENT ASSETS

25,039

46,870

TOTAL ASSETS LESS CURRENT LIABILITIES

29,986

51,838

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

29,984

51,836

SHAREHOLDERS' FUNDS

29,986

51,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 10 April 2018 and were signed on its behalf by:

Mr S P Groom - Director

1.	STATUTORY INFORMATION

4Tel Communications 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.

Plant and machinery etc

-

33% on cost, 25% on cost and 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.

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 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2016

1,768

-

11,715

13,483

Additions

-

3,150

-

3,150

At 31 August 2017

1,768

3,150

11,715

16,633

DEPRECIATION

At 1 September 2016

1,689

-

6,826

8,515

Charge for year

79

630

2,462

3,171

At 31 August 2017

1,768

630

9,288

11,686

NET BOOK VALUE

At 31 August 2017

-

2,520

2,427

4,947

At 31 August 2016

79

-

4,889

4,968

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

51,073

35,104

Other debtors

12,779

11,488

63,852

46,592

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

40

-

Trade creditors

3,669

7,276

Taxation and social security

8,230

12,168

Other creditors

75,166

71,991

87,105

91,435

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2017 and

31 August 2016:

2017

2016

£

£

Mr A D Brindley

Balance outstanding at start of year

(57,000

)

(40,852

)

Amounts advanced

8,123

10,893

Amounts repaid

(10,000

)

(27,041

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(58,877

)

(57,000

)

Mr S P Groom

Balance outstanding at start of year

(67

)

7,765

Amounts advanced

9,470

19,209

Amounts repaid

(10,774

)

(27,041

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,371

)

(67

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY