CIO Plus Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05270645

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

CIO PLUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

MR. J M Berney

Mr. C M Billimore

SECRETARY:

MR. J M Berney

REGISTERED OFFICE:

Suite 15,

The Enterprise Centre,

Coxbridge Business Park,

Farnham, Surrey

United Kingdom

GU10 5EH

REGISTERED NUMBER:

05270645

ACCOUNTANTS:

Gilroy & Brookes Accountants Ltd

Chartered Accountants

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

CURRENT ASSETS

Debtors

3

4,020

-

Cash at bank

5,739

59,367

9,759

59,367

CREDITORS

Amounts falling due within one year

4

(696

)

(19,395

)

NET CURRENT ASSETS

9,063

39,972

TOTAL ASSETS LESS CURRENT LIABILITIES

9,063

39,972

CREDITORS

Amounts falling due after more than one year

5

(720

)

(24,271

)

NET ASSETS

8,343

15,701

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

8,243

15,601

SHAREHOLDERS' FUNDS

8,343

15,701

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 31 July 2018 and were signed on its behalf by:

MR. J M Berney - Director

1.	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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2016

and 31 October 2017

1,203

DEPRECIATION

At 1 November 2016

and 31 October 2017

1,203

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

-

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

600

-

VAT

3,420

-

4,020

-

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

746

98

Tax

(1,127

)

(995

)

VAT

-

18,138

Accruals and deferred income

1,077

2,154

696

19,395

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Directors' loan accounts

720

24,271

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

£

100

Ordinary share

1

100

100

7.

RESERVES

Retained

earnings

£

At 1 November 2016

15,601

Deficit for the year

(7,358

)

At 31 October 2017

8,243

8.	RELATED PARTY DISCLOSURES

During the year, following payments were paid to the directors of the company & relatives.

1. Insource Marketing Limited - Subcontractor Fee : £108.85 (2016: £216,697.87)

2. John Berney & Associates Limited - Subcontractor & Management Fee : £66,460.52 (2016: £265,681.85)

9.	ULTIMATE CONTROLLING PARTY

The company are under the control of Mr. John Michael Berney & Mr. Christopher Mark Billimore who own 50% of

the issued share capital each of the company. Both are Directors in the company.