Cascapedia Commercial Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI065434 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

CASCAPEDIA COMMERCIAL LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

P M Ross

N Morrow

SECRETARY:

S Ross

REGISTERED OFFICE:

Unit 4 Portman Business Park

Lissue Industrial Estate West

Lisburn

BT28 2XF

REGISTERED NUMBER:

NI065434 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Clarendon Dock

Belfast

Co. Antrim

BT1 3BG

FIXED ASSETS

Tangible assets

3

769,891

791,087

CURRENT ASSETS

Debtors

4

7,110

27,110

Cash at bank

-

5,597

7,110

32,707

CREDITORS

Amounts falling due within one year

5

398,564

412,843

NET CURRENT LIABILITIES

(391,454

)

(380,136

)

TOTAL ASSETS LESS CURRENT LIABILITIES

378,437

410,951

CREDITORS

Amounts falling due after more than one year

6

-

79,711

NET ASSETS

378,437

331,240

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Retained earnings

374,437

327,240

SHAREHOLDERS' FUNDS

378,437

331,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 authorised for issue by the Board of Directors on 6 July 2018 and were signed on its behalf by:

P M Ross - Director

1.	STATUTORY INFORMATION

Cascapedia Commercial Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements:

Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into

consideration in reaching such a decision include the economic viability and expected future financial

performance of the asset and the business in general.

The directors also consider the depreciation rates on an annual basis to ensure there is sufficient evidence to

support these and that the estimates remains reasonable.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

10% 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured

at their settlement.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2016

and 31 October 2017

961,987

19,615

981,602

DEPRECIATION

At 1 November 2016

172,857

17,658

190,515

Charge for year

19,239

1,957

21,196

At 31 October 2017

192,096

19,615

211,711

NET BOOK VALUE

At 31 October 2017

769,891

-

769,891

At 31 October 2016

789,130

1,957

791,087

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Other debtors

7,110

27,110

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans and overdrafts

15,638

72,360

Trade creditors

57,548

8,999

Taxation and social security

24,317

20,455

Other creditors

301,061

311,029

398,564

412,843

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans

-

79,711