CXS Connected Enterprise Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08442954

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2016 TO 29 APRIL 2017

FOR

CXS CONNECTED ENTERPRISE LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

T C Hooton

REGISTERED OFFICE:

9b Arun Business Park

Bognor Regis

West Sussex

PO22 9SX

REGISTERED NUMBER:

08442954

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of CXS Connected Enterprise Ltd for the period ended 29 April 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of CXS Connected Enterprise Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CXS Connected Enterprise Ltd and state those matters that we have agreed to state to the director of CXS Connected Enterprise Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CXS Connected Enterprise Ltd and its director for our work or for this report.

It is your duty to ensure that CXS Connected Enterprise Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CXS Connected Enterprise Ltd. You consider that CXS Connected Enterprise Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of CXS Connected Enterprise Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

24 September 2018

FIXED ASSETS

Tangible assets

3

22,565

9,369

CURRENT ASSETS

Stocks

11,860

4,500

Debtors

4

56,668

25,370

68,528

29,870

CREDITORS

Amounts falling due within one year

5

57,741

20,859

NET CURRENT ASSETS

10,787

9,011

TOTAL ASSETS LESS CURRENT LIABILITIES

33,352

18,380

CREDITORS

Amounts falling due after more than one year

6

(1,831

)

(10,707

)

PROVISIONS FOR LIABILITIES

(4,288

)

(1,874

)

NET ASSETS

27,233

5,799

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

4,975

4,975

Retained earnings

21,258

(176

)

27,233

5,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 April 2017 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 Income Statement has not been delivered.

The financial statements were approved by the director on 24 September 2018 and were signed by:

T C Hooton - 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 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.

Fixtures, fittings & equipment 15% Reducing balance

Motor vehicles 25% Reducing balance

Computer equipment 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and

the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

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

moving items.

Taxation

Taxation for the period 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 period 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2016 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

12,583

Additions

20,677

At 29 April 2017

33,260

DEPRECIATION

At 1 May 2016

3,214

Charge for period

7,481

At 29 April 2017

10,695

NET BOOK VALUE

At 29 April 2017

22,565

At 30 April 2016

9,369

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Trade debtors

23,829

14,800

Amounts owed by associates

11,873

10,570

Other debtors

20,966

-

56,668

25,370

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Bank loans and overdrafts

8,752

10,180

Hire purchase contracts

-

3,125

Trade creditors

16,843

900

Taxation and social security

29,393

2,159

Other creditors

2,753

4,495

57,741

20,859

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

as restated

£

£

Bank loans

1,831

2,634

Hire purchase contracts

-

8,073

1,831

10,707

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances a director subsisted during the period ended 29 April 2017 and the year ended

30 April 2016:

2017

2016

as restated

£

£

T C Hooton

Balance outstanding at start of period

(3,594

)

-

Amounts advanced

41,676

900

Amounts repaid

(22,257

)

(4,494

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

15,825

(3,594

)

8.	RELATED PARTY DISCLOSURES

Remuneration of key management personnel

The remuneration of key management personnel, who are also directors, is as follows.

2017

2016

£

£

Aggregate compensation

8,061

8,052

No guarantee has been given or received.