ACCOUNTS - Final Accounts

Cash and cash equivalents

EAMONN DILLON COACHING LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-09-302017-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2016-04-01 6422604 2016-04-01 2017-09-30 6422604 2015-04-01 2016-03-31 6422604 2017-09-30 6422604 2016-03-31 6422604 c:Director1 2016-04-01 2017-09-30 6422604 d:OfficeEquipment 2016-04-01 2017-09-30 6422604 d:OfficeEquipment 2016-03-31 6422604 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-04-01 2017-09-30 6422604 d:CurrentFinancialInstruments 2017-09-30 6422604 d:CurrentFinancialInstruments 2016-03-31 6422604 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 6422604 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 6422604 d:ShareCapital 2017-09-30 6422604 d:ShareCapital 2016-03-31 6422604 d:RetainedEarningsAccumulatedLosses 2017-09-30 6422604 d:RetainedEarningsAccumulatedLosses 2016-03-31 6422604 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-09-30 6422604 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-03-31 6422604 c:OrdinaryShareClass1 2016-04-01 2017-09-30 6422604 c:OrdinaryShareClass1 2017-09-30 6422604 c:OrdinaryShareClass2 2016-04-01 2017-09-30 6422604 c:OrdinaryShareClass2 2017-09-30 6422604 c:FRS102 2016-04-01 2017-09-30 6422604 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-09-30 6422604 c:FullAccounts 2016-04-01 2017-09-30 6422604 c:PrivateLimitedCompanyLtd 2016-04-01 2017-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 6422604

EAMONN DILLON COACHING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

EAMONN DILLON COACHING LIMITED

REGISTERED NUMBER: 6422604

BALANCE SHEET

AS AT 30 SEPTEMBER 2017

	30 September	31 March
	2017	2016
Note	£	£

Fixed assets
Tangible assets	4		-		2,469
Current assets
Debtors: amounts falling due within one year	5	-		8,244
Cash at bank and in hand	6	67,016		29,015
		67,016		37,259
Creditors: amounts falling due within one year	7	(42,974)		(12,890)
Net current assets			24,042		24,369
Total assets less current liabilities			24,042		26,838
Provisions for liabilities
Deferred tax	9	-		(494)
			-		(494)
Net assets			24,042		26,344

Capital and reserves
Called up share capital	10	100	100
Profit and loss account		23,942	26,244
		24,042	26,344

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Page 1

EAMONN DILLON COACHING LIMITED

REGISTERED NUMBER: 6422604

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2017

E J Dillon

Director

Date: 5 October 2017

The notes on pages 3 to 8 form part of these financial statements.

Page 2

EAMONN DILLON COACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

1.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

1.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

1.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

EAMONN DILLON COACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

1.Accounting policies (continued)

1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

1.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

1.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

1.10

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

1.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

EAMONN DILLON COACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

1.Accounting policies (continued)

1.12

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.	General information

Eamonn Dillon Coaching Limited is a limited company incorporated in England and Wales. The Company’s principal place of business is 9 Kipling Road, Bexleyheath, Kent, DA7 4SG.

Employees

The average monthly number of employees, including directors, during the period was 2 (2016 - 2).

Page 5

EAMONN DILLON COACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

4.	Tangible fixed assets

		Office equipment
		£

	At 1 April 2016	6,956
	Disposals	(6,956)
	At 30 September 2017	-

	At 1 April 2016	4,486
	Charge owned for the period	927
	Disposals	(5,413)
	At 30 September 2017	-
	Net book value
	At 30 September 2017	-
	At 31 March 2016	2,469

Debtors

					30 September	31 March
					2017	2016
					£	£


Trade debtors	-	8,244

	Cash at bank and in hand	67,016	29,015

Page 6

EAMONN DILLON COACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

Corporation tax	8,523	7,115
Other taxation and social security	3,289	3,573
Accruals	2,138	1,560
Other creditors	283	349
Directors' loan account	28,741	293
	42,974	12,890

	Financial assets
	Financial assets measured at fair value through profit or loss	67,016	29,015

Financial assets measured at fair value through profit or loss comprise cash held.

9.	Deferred taxation

		2017
		£

	At beginning of year	(494)
	Charged to profit or loss	494

Page 7

EAMONN DILLON COACHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

Allotted, called up and fully paid

50 A Ordinary shares of £1 each	50	50
50 B Ordinary shares of £1 each	50	50

	100	100

11.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 8