Caliber Financial Management Ltd - Accounts

Caliber Financial Management Ltd - Accounts

CALIBER FINANCIAL MANAGEMENT LIMITED - Company Information

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Registered Number : 06298180

 

 

 

CALIBER FINANCIAL MANAGEMENT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

Caliber Financial Management Ltd
Contents Page
For the year ended 31 March 2018
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Caliber Financial Management Ltd for the year ended 31 March 2018 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Caliber Financial Management Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Caliber Financial Management Ltd and state those matters that we have agreed to state to the Board ofs of Caliber Financial Management Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Caliber Financial Management Ltd and its members as a body for our work or for this report.

It is your duty to ensure that Caliber Financial Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Caliber Financial Management Ltd. You consider that Caliber Financial Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Caliber Financial Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Baranov Associates Ltd
3 Appleby Gardens
Dunstable
LU6 3DB
29 May 2018
1
 
 		 Notes
 		 2018
£		   2017
£
Fixed assets      
Tangible fixed assets 2 11,225    18,429 
11,225    18,429 
Current assets      
Debtors 130,197    99,144 
Cash at bank and in hand 516,242    299,329 
646,439    398,473 
Creditors: amount falling due within one year (108,886)   (100,092)
Net current assets 537,553    298,381 
 
Total assets less current liabilities 548,778    316,810 
Provisions for liabilities (3,502)   (7,756)
Net assets 545,276    309,054 
 

Capital and reserves 		     
Called up share capital 3 1,112    1,000 
Profit and loss account 544,164    308,054 
Shareholders funds 545,276    309,054 
 


For the year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Roger Yates
Director

Date approved by the board: 29 May 2018
2
Statutory Information
Caliber Financial Management Ltd is a private limited company, limited by shares, domiciled in , registration number 06298180.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Land and Buildings 20% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Tangible fixed assets

Cost or Valuation Land and Buildings   Computer Equipment   Total
  £   £   £
At 01 April 2017 43,142    11,265    54,407 
Additions -    3,272    3,272 
Disposals -    -    - 
At 31 March 2018 43,142    14,537    57,679 
Depreciation
At 01 April 2017 25,501    10,477    35,978 
Charge for year 8,629    1,847    10,476 
On disposals -    -    - 
At 31 March 2018 34,130    12,324    46,454 
Net book values
Closing balance as at 31 March 2018 9,012    2,213    11,225 
Opening balance as at 01 April 2017 17,641    788    18,429 


3.

Share Capital

Allotted
2018
£		   2017
£
900 Ordinary shares of £1.00 each 900    900 
112 B Ordinary shares of £1.00 each 112    100 
100 C Ordinary shares of £1.00 each 100    0 
1,112    1,000 

3