Commucan Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07616779 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

COMMUCAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A Kennedy

N H Kennedy

REGISTERED OFFICE:

Somerset House

Strand

London

WC2R 1LA

REGISTERED NUMBER:

07616779 (England and Wales)

ACCOUNTANTS:

Saunders Wood & Co.

Chartered Accountants

140A Tachbrook Street

London SW1V 2NE

FIXED ASSETS

Tangible assets

4

1,908

2,826

CURRENT ASSETS

Debtors

5

47,386

65,590

Cash at bank

33,068

62,298

80,454

127,888

CREDITORS

Amounts falling due within one year

6

46,862

69,141

NET CURRENT ASSETS

33,592

58,747

TOTAL ASSETS LESS CURRENT
LIABILITIES

35,500

61,573

CAPITAL AND RESERVES

Called up share capital

81

100

Retained earnings

7

35,419

61,473

SHAREHOLDERS' FUNDS

35,500

61,573

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 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 29 June 2018 and were signed on its behalf by:

N A Kennedy - Director

1.	STATUTORY INFORMATION

Commucan 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Furniture

-

33% on cost

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.

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 3 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

Furniture

equipment

Totals

£

COST

At 1 January 2017

2,697

4,254

6,951

Additions

-

498

At 31 December 2017

2,697

4,752

7,449

DEPRECIATION

At 1 January 2017

2,697

1,428

4,125

Charge for year

-

1,416

At 31 December 2017

2,697

2,844

5,541

NET BOOK VALUE

At 31 December 2017

-

1,908

At 31 December 2016

-

2,826

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade debtors

25,788

42,280

Other Debtors

10,000

Prepayments

11,598

13,310

47,386

65,590

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade creditors

5,373

3,649

Tax

11,573

19,100

Social security and other taxes

2,303

8,568

VAT

7,426

17,428

Accruals and Deferred Income

20,187

20,396

46,862

69,141

7.

RESERVES

Retained

earnings

£

At 1 January 2017

61,473

Profit for the year

37,267

Dividends

(56,840

)

Purchase of own shares

(6,481

)

At 31 December 2017

35,419

8.	ULTIMATE CONTROLLING PARTY

The controlling party is N A Kennedy.

Commucan Limited - Accounts to registrar (filleted) - small 18.1

Commucan Limited - Accounts to registrar (filleted) - small 18.1