Natural Talents (Cambridge) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05485879 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

NATURAL TALENTS (CAMBRIDGE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Prytherch

SECRETARY:

HW Huntingdon Ltd

REGISTERED OFFICE:

2a Chequers Court

Huntingdon

Cambridgeshire

PE29 3LJ

REGISTERED NUMBER:

05485879 (England and Wales)

ACCOUNTANTS:

HW Huntingdon Limited

2a Chequers Court

Huntingdon

Cambridgeshire

PE29 3LJ

FIXED ASSETS

Tangible assets

4

2,805

5,713

2,805

5,713

CURRENT ASSETS

Debtors

5

21,000

18,520

Cash at bank

11,945

14,363

32,945

32,883

CREDITORS

Amounts falling due within one year

6

30,706

32,478

NET CURRENT ASSETS

2,239

405

TOTAL ASSETS LESS CURRENT LIABILITIES

5,044

6,118

PROVISIONS FOR LIABILITIES

7

533

1,085

NET ASSETS

4,511

5,033

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

4,509

5,031

SHAREHOLDERS' FUNDS

4,511

5,033

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 9 May 2018 and were signed by:

Ms S Prytherch - Director

1.	STATUTORY INFORMATION

Natural Talents (Cambridge) 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year, and have also been consistently applied within the same

accounts.

Compliance with accounting standards

These financial statements have been prepared in accordance with the provisions of Section 1A "Smaller

Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland" and the Companies Act 2006.

There were no material departures from that standard.

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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

and 31 December 2017

8,724

DEPRECIATION

At 1 January 2017

3,011

Charge for year

2,908

At 31 December 2017

5,919

NET BOOK VALUE

At 31 December 2017

2,805

At 31 December 2016

5,713

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

18,000

18,520

Prepayments and accrued income

3,000

-

21,000

18,520

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Directors loan

393

950

Trade creditors

4,806

420

Tax

17,321

18,261

VAT

6,586

6,947

Accruals and deferred income

1,600

5,900

30,706

32,478

7.	PROVISIONS FOR LIABILITIES

31.12.17

31.12.16

£

£

Deferred tax

533

1,085

Deferred

tax

£

Balance at 1 January 2017

1,085

Credit to Income Statement during year

(552

)

Balance at 31 December 2017

533

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and

31 December 2016:

31.12.17

31.12.16

£

£

Ms S Prytherch

Balance outstanding at start of year

950

348

Amounts advanced

15,162

62,621

Amounts repaid

(15,719

)

(62,019

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

393

950

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S Prytherch.