Clifton Morley Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04697771 (England and Wales)

Clifton Morley Associates Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr W A Morley

SECRETARY:

Ms K C Wilson

REGISTERED OFFICE:

12 Falconwood Parade

Welling

Kent

DA16 2PL

REGISTERED NUMBER:

04697771 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

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 Statement of Financial Position. Readers are cautioned that the Abridged

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 Clifton Morley Associates Limited for the year ended 31 March 2018

which comprise the Abridged Income Statement, Other Comprehensive Income, Abridged Statement of

Financial Position, Statement of Changes in Equity 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 Clifton Morley Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clifton Morley Associates Limited and state those matters that we have agreed to state to the director of Clifton Morley Associates Limited 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 Clifton Morley Associates Limited and its director for our work or for this report.

It is your duty to ensure that Clifton Morley Associates Limited 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 Clifton Morley Associates Limited. You consider that Clifton Morley Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clifton Morley Associates Limited. 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.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

19 December 2018

FIXED ASSETS

Property, plant and equipment

5

2,305

2,658

CURRENT ASSETS

Debtors

384,259

321,235

Investments

10,000

25,000

Cash at bank and in hand

221,981

185,742

616,240

531,977

CREDITORS

Amounts falling due within one year

349,347

341,775

NET CURRENT ASSETS

266,893

190,202

TOTAL ASSETS LESS CURRENT LIABILITIES

269,198

192,860

PROVISIONS FOR LIABILITIES

6

326

367

NET ASSETS

268,872

192,493

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

8

268,672

192,293

SHAREHOLDERS' FUNDS

268,872

192,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2018 and were signed by:

Mr W A Morley - Director

1.	STATUTORY INFORMATION

Clifton Morley Associates 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 under the historical cost convention.

Turnover

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

rebates, value added tax and other sales taxes.

Turnover is derived from ordinary activities of the company.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

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.

Going concern

In the director's assessment of the company's ability to continue as a going concern, there are no

material uncertainties that may cast significant doubt about the company's ability to continue as a

going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 4 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2017

30,586

Additions

819

At 31 March 2018

31,405

DEPRECIATION

At 1 April 2017

27,928

Charge for year

1,172

At 31 March 2018

29,100

NET BOOK VALUE

At 31 March 2018

2,305

At 31 March 2017

2,658

6.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

326

367

Deferred

tax

£

Balance at 1 April 2017

367

Credit to Abridged Income Statement during year

(41

)

Deferred tax movements

Balance at 31 March 2018

326

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary 'A'

£1

100

100

100

Ordinary 'B'

£1

100

100

200

200

The A class shares have voting rights.

The B class shares do not have voting rights.

In all other respects the shares rank pari passu.

8.

RESERVES

Retained

earnings

£

At 1 April 2017

192,293

Profit for the year

209,079

Dividends

(132,700

)

At 31 March 2018

268,672

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £132,700 (2017 - £72,050) were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr W A Morley.