City Career Series Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08915930 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2018

FOR

CITY CAREER SERIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J J Schogger

REGISTERED OFFICE:

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

REGISTERED NUMBER:

08915930 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

CURRENT ASSETS

Stocks

6,173

4,474

Cash at bank

2,741

5,044

8,914

9,518

CREDITORS

Amounts falling due within one year

4

7,213

8,601

NET CURRENT ASSETS

1,701

917

TOTAL ASSETS LESS CURRENT LIABILITIES

1,701

917

CAPITAL AND RESERVES

Called up share capital

10

10

Profit and loss account

1,691

907

1,701

917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director on 10 July 2018 and were signed by:

J J Schogger - Director

1.	STATUTORY INFORMATION

City Career Series 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 and rebates.

Revenue from the sale of materials is recognised when the significant risks and rewards of ownership have transferred to

the buyer, usually on delivery of goods; the amount of revenue can be measured reliably; it is probable that the

associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions

can be measured reliably.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions

of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a

financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of

interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in

which case they are measured at the undiscounted amount of the cash or other consideration expected to be received

net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount

of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable

right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle

the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 NIL (2017 - 1 ).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1

-

Taxation and social security

1,356

2,277

Other creditors

5,856

6,324

7,213

8,601

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

Included in other creditors is an interest free loan made to the company by the director, Mr J Schogger. At the balance

sheet date the amount outstanding was £2,146 (2017: £456). There is no stipulation as to repayment of this loan.

6.	ULTIMATE CONTROLLING PARTY

The company is under the control of its director who owns 100% of the issued equity share capital.