City Aerials & Satellites Ltd Filleted accounts for Companies House (small and micro)

CITY AERIALS & SATELLITES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07160451

City Aerials & Satellites Ltd

Filleted Unaudited Abridged Financial Statements

31 March 2018

City Aerials & Satellites Ltd

Abridged Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5		2,135	2,557

Current assets

Stocks	5,329	7,828
Cash at bank and in hand	11,152	13,225
	--------	--------
	16,481	21,053

Creditors: amounts falling due within one year	3,927		15,538
	--------		--------
Net current assets		12,554	5,515
		--------	-------
Total assets less current liabilities		14,689	8,072
		--------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	14,688	8,071
	--------	-------
Shareholders funds	14,689	8,072
	--------	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

City Aerials & Satellites Ltd

Abridged Statement of Financial Position (continued)

31 March 2018

These abridged financial statements were approved by the board of directors and authorised for issue on 11 December 2018 , and are signed on behalf of the board by:

Mr P Newland
Director

Company registration number: 07160451

City Aerials & Satellites Ltd

Notes to the Abridged Financial Statements

Year ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 52 Arbury Avenue, Coventry, CV6 6FB.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor Vehicle	-	25% reducing balance
Equipment	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. Tangible assets

	£
Cost
At 1 April 2017	13,287
Additions	141
	--------
At 31 March 2018	13,428
	--------
Depreciation
At 1 April 2017	10,730
Charge for the year	563
	--------
At 31 March 2018	11,293
	--------
Carrying amount
At 31 March 2018	2,135
	--------
At 31 March 2017	2,557
	--------

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr P Newland	( 11,027)	10,977	( 50)
	--------	--------	----

	2017
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr P Newland	( 13,393)	2,366	( 11,027)
	--------	-------	--------

7. Related party transactions

The company was under the control of Mr P Newland throughout the current and previous year. Mr P Newland is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.