CARISS (ICT) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07315254 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

CARISS(ICT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C T Maflin

Mrs C A Stuart

Mr R I Stuart

Mr E Ingram

REGISTERED OFFICE:

205 Westbrook Avenue

Margate

Kent

CT9 5HS

REGISTERED NUMBER:

07315254 (England and Wales)

ACCOUNTANTS:

Michael Martin Partnership

64 High Street

Broadstairs

Kent

CT10 1JT

FIXED ASSETS

Intangible assets

4

2,100

3,000

Tangible assets

5

2,020

2,376

4,120

5,376

CURRENT ASSETS

Debtors

6

2,997

2,639

Cash at bank and in hand

4,512

7,583

7,509

10,222

CREDITORS

Amounts falling due within one year

7

3,884

3,671

NET CURRENT ASSETS

3,625

6,551

TOTAL ASSETS LESS CURRENT LIABILITIES

7,745

11,927

CAPITAL AND RESERVES

Called up share capital

8

6,901

6,901

Retained earnings

844

5,026

SHAREHOLDERS' FUNDS

7,745

11,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 20 June 2018 and were signed on its behalf by:

Mrs C A Stuart - Director

Mr C T Maflin - Director

1.	STATUTORY INFORMATION

CARISS(ICT) 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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

9,000

AMORTISATION

At 1 April 2017

6,000

Amortisation for year

900

At 31 March 2018

6,900

NET BOOK VALUE

At 31 March 2018

2,100

At 31 March 2017

3,000

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 April 2017

and 31 March 2018

6,650

DEPRECIATION

At 1 April 2017

4,274

Charge for year

356

At 31 March 2018

4,630

NET BOOK VALUE

At 31 March 2018

2,020

At 31 March 2017

2,376

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

2,997

2,639

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

429

-

Social security and other taxes

2,262

2,594

Other creditors

1,193

1,077

3,884

3,671

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

£1

100

100

6,800

Ordinary 'B'

£1

6,800

6,800

1

Ordinary 'C'

£1

1

1

6,901

6,901