Carlton & Associates Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07350036 (England and Wales)

CARLTON & ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

J S Carlton

Mrs J R Carlton

REGISTERED OFFICE:

Waterford

Moat Lane

Sedlescombe

Battle

East Sussex

TN33 0RZ

REGISTERED NUMBER:

07350036 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

82 High Street

Tenterden

Kent

TN30 6JG

FIXED ASSETS

Tangible assets

4

1,133

657

CURRENT ASSETS

Debtors

5

8,997

-

Cash at bank

36,062

46,855

45,059

46,855

CREDITORS

Amounts falling due within one year

6

2,270

8,442

NET CURRENT ASSETS

42,789

38,413

TOTAL ASSETS LESS CURRENT LIABILITIES

43,922

39,070

PROVISIONS FOR LIABILITIES

215

132

NET ASSETS

43,707

38,938

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

43,507

38,738

SHAREHOLDERS' FUNDS

43,707

38,938

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 2 May 2018 and were signed on its behalf by:

J S Carlton - Director

1.	STATUTORY INFORMATION

Carlton & Associates 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in

accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 September 2015.

Turnover

Turnover represents invoiced work done for consultancy services.

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

-

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.

Revenue recognition

In accordance with the provisions of UITF40 'Revenue recognition and service contracts' where

work straddles a year end it is treated a a long term contract and income is accrued as the work

progresses to reflect the partial completion of the work at the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2016

1,836

Additions

1,423

Disposals

(1,350

)

At 31 August 2017

1,909

DEPRECIATION

At 1 September 2016

1,179

Charge for year

377

Eliminated on disposal

(780

)

At 31 August 2017

776

NET BOOK VALUE

At 31 August 2017

1,133

At 31 August 2016

657

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

8,997

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

1,073

7,453

Directors' current accounts

417

209

Accrued expenses

780

780

2,270

8,442

7.	FIRST YEAR ADOPTION

Reconciliation of equity

There are no material adjustments to equity on transition to FRS 102.

Reconciliation of profit or loss for the year

There are no material adjustments to profit and loss in the year of transition to FRS 102.