Career Grooms Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 06519609

Career Grooms Ltd

Filleted Unaudited Financial Statements

30 September 2018

Career Grooms Ltd

Statement of Financial Position

30 September 2018

	30 Sep 18	31 Mar 17
Note	£	£

Fixed assets

Tangible assets	–	1,768

Current assets

Debtors	5	362	7,405
Cash at bank and in hand		–	127
		----	-------
		362	7,532

Creditors: amounts falling due within one year	6	74,272	15,814
		--------	--------
Net current liabilities		73,910	8,282
		--------	-------
Total assets less current liabilities		( 73,910)	( 6,514)
		--------	-------
Net liabilities		( 73,910)	( 6,514)
		--------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 73,911)	( 6,515)
	--------	-------
Shareholders deficit	( 73,910)	( 6,514)
	--------	-------

These 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 statement of comprehensive income has not been delivered.

For the period ending 30 September 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 financial statements for the period in question in accordance with section 476 ;

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

Career Grooms Ltd

Statement of Financial Position (continued)

30 September 2018

These financial statements were approved by the board of directors and authorised for issue on 31 December 2018 , and are signed on behalf of the board by:

Ms L Dillingham MBE Director

Company registration number: 06519609

Career Grooms Ltd

Notes to the Financial Statements

Period from 1 April 2017 to 30 September 2018

1. General information

The company is a private company limited by shares, registered in . The address of the registered office is Aston Farm, Cherington, Tetbury, Gloucestershire, GL8 8SW.

2. Statement of compliance

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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:

	Equipment and fixtures	-	25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

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

5. Debtors

	30 Sep 18	31 Mar 17
	£	£
Trade debtors	–	7,404
Other debtors	362	1
	----	-------
	362	7,405
	----	-------

6. Creditors: amounts falling due within one year

	30 Sep 18	31 Mar 17
	£	£
Bank loans and overdrafts	10,588	5,852
Social security and other taxes	–	5,978
Other creditors	63,684	3,984
	--------	--------
	74,272	15,814
	--------	--------

7. Director's advances, credits and guarantees

At no point during the current or previous year was the directors loan account overdrawn.