Calmcare Consulting Limited - Period Ending 2018-04-30

Calmcare Consulting Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2018

Registration number: 02778968

Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Calmcare Consulting Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 to 10

Calmcare Consulting Limited

Company Information

Director

Mr A S Lusk

Registered office

Severn House Hazell Drive Newport NP10 8FY

 

Accountants

Severn House Hazell Drive Newport South Wales NP10 8FY

Page 1

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Calmcare Consulting Limited
for the Year Ended 30 April 2018

 

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2018, as set out on pages 3 to 10 and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled these unaudited financial statements from the accounting records and information supplied to us.

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

6 July 2018

Page 2

Calmcare Consulting Limited

(Registration number: 02778968)
Balance Sheet as at 30 April 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	288	432
Current assets
Debtors	5	5,518	2,206
Cash at bank and in hand		34,931	37,512
		40,449	39,718
Creditors: Amounts falling due within one year	6	(4,705)	(6,025)
Net current assets		35,744	33,693
Net assets		36,032	34,125
Capital and reserves
Called up share capital	8	20	20
Profit and loss account		36,012	34,105
Total equity		36,032	34,125

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

For the financial year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 6 to 10 form an integral part of these financial statements.

Page 3

Calmcare Consulting Limited

(Registration number: 02778968)
Balance Sheet as at 30 April 2018

Approved and authorised by the director on 6 July 2018
 

.........................................

Mr A S Lusk

Director

The notes on pages 6 to 10 form an integral part of these financial statements.

Page 4

Calmcare Consulting Limited

Statement of Changes in Equity for the Year Ended 30 April 2018

 

	Share capital £	Profit and loss account £	Total £
At 1 May 2017	20	34,105	34,125
Profit for the year	-	9,907	9,907
Total comprehensive income	-	9,907	9,907
Dividends	-	(8,000)	(8,000)
At 30 April 2018	20	36,012	36,032

 

	Share capital £	Profit and loss account £	Total £
At 1 May 2016	20	33,387	33,407
Profit for the year	-	10,718	10,718
Total comprehensive income	-	10,718	10,718
Dividends	-	(10,000)	(10,000)
At 30 April 2017	20	34,105	34,125

The notes on pages 6 to 10 form an integral part of these financial statements.

Page 5

Calmcare Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

1	General information

The company registration number is: 02778968.

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
Severn House
Hazell Drive
Newport
NP10 8FY

The principal place of business is:
6 Blackbarn Lane
Usk
Monmouthshire
NP15 1BP

These financial statements were authorised for issue by the director on 6 July 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 6

Calmcare Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2017 - 1).

Page 7

Calmcare Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2017	1,293	1,293
At 30 April 2018	1,293	1,293
Depreciation
At 1 May 2017	861	861
Charge for the year	144	144
At 30 April 2018	1,005	1,005
Carrying amount
At 30 April 2018	288	288
At 30 April 2017	432	432

Page 8

Calmcare Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

5

Debtors

	2018 £	2017 £
Trade debtors	5,518	2,206
	5,518	2,206

6

Creditors

	Note	2018 £	2017 £
Due within one year
Director's loan account	7	1,393	2,420
Other creditors		3,312	3,605
		4,705	6,025

7	Loans and borrowings

	2018 £	2017 £
Current loans and borrowings
Director's loan account	1,393	2,420

8	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary of £1 each	20	20	20	20

9

Dividends

Interim dividends paid

	2018 £	2017 £
Interim dividend of £400 (2017 - £500) per each Ordinary share	8,000	10,000

Page 9

Calmcare Consulting Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

10	Related party transactions

Key management personnel

Mr A S Lusk
Relationship: Director

Summary of transactions with key management

During the year the director received dividends totalling £4,800 (2017- £6,000). Also during the year the director made unsecured, interest free, repayable on demand loans to the company. At the balance sheet date the amount owed to the director was £1,393 (2017- £2,420).
 

Page 10