Cunniff Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09807476 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

CUNNIFF DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Hibbert

R E Cunniff

P W Evers

REGISTERED OFFICE:

Wards Court

203 Ecclesall Road

Sheffield

S11 8HW

REGISTERED NUMBER:

09807476 (England and Wales)

CALLED UP SHARE CAPITAL NOT PAID

100

100

FIXED ASSETS

Tangible assets

5

14,913

11,109

15,013

11,209

CURRENT ASSETS

Debtors

6

185,251

42,228

Cash at bank

117,772

12,547

303,023

54,775

CREDITORS

Amounts falling due within one year

7

161,157

31,619

NET CURRENT ASSETS

141,866

23,156

TOTAL ASSETS LESS CURRENT LIABILITIES

156,879

34,365

CREDITORS

Amounts falling due after more than one year

8

177,000

120,000

NET LIABILITIES

(20,121

)

(85,635

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(20,221

)

(85,735

)

SHAREHOLDERS' FUNDS

(20,121

)

(85,635

)

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 approved by the Board of Directors on 30 July 2018 and were signed on its behalf by:

C M Hibbert - Director

1.	STATUTORY INFORMATION

Cunniff Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost

convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 October 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance

with UK GAAP, the date of transition to FRS 102 Section 1A is 3 October 2015.

Details of adjustments arising on transition are given in note 10 below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

12,636

Additions

8,897

At 31 October 2017

21,533

DEPRECIATION

At 1 November 2016

1,527

Charge for year

5,093

At 31 October 2017

6,620

NET BOOK VALUE

At 31 October 2017

14,913

At 31 October 2016

11,109

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

170,581

35,705

Other debtors

14,670

6,523

185,251

42,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

7,264

-

Taxation and social security

72,331

27,347

Other creditors

81,562

4,272

161,157

31,619

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Other creditors

177,000

120,000

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

£

100

Ordinary

£1

100

100

10.	FIRST YEAR ADOPTION

3.10.15

31.10.16

£

£

Equity as reported under UK GAAP

100

(82,826

)

Employee holiday pay accrual

-

(2,809

)

Equity as restated under FRS 102

100

(85,635

)