Caine Lacey Limited - Accounts to registrar (filleted) - small 18.2

Caine Lacey Limited - Accounts to registrar (filleted) - small 18.2

CAINE LACEY LIMITED - Company Information

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REGISTERED NUMBER: 07294165 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2018

FOR

CAINE LACEY LIMITED
CAINE LACEY LIMITED (REGISTERED NUMBER: 07294165)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

CAINE LACEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2018







DIRECTOR: Mr P Kannangara





SECRETARY: Mr P Kannangara





REGISTERED OFFICE: 23b Carlton Crescent
Southampton
Hampshire
SO15 2ET





REGISTERED NUMBER: 07294165 (England and Wales)





ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
24 Park Road South
Havant
Hampshire
PO9 1HB
Page 1
CAINE LACEY LIMITED (REGISTERED NUMBER: 07294165)

BALANCE SHEET
30TH APRIL 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 5 398,315 318,487
Cash at bank and in hand 9,149 927
407,464 319,414
CREDITORS
Amounts falling due within one year 6 374,417 283,504
NET CURRENT ASSETS 33,047 35,910
TOTAL ASSETS LESS CURRENT
LIABILITIES
33,047
35,910

CREDITORS
Amounts falling due after more than one
year
7
130,000
130,000
NET LIABILITIES (96,953 ) (94,090 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (96,954 ) (94,091 )
SHAREHOLDERS' FUNDS (96,953 ) (94,090 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

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 31st January 2019 and were signed by:





Mr P Kannangara - Director


The notes on pages 3 to 5 form part of these financial statements

Page 2
CAINE LACEY LIMITED (REGISTERED NUMBER: 07294165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2018


1. STATUTORY INFORMATION

Caine Lacey 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.

2. 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.

The presentation currency of the financial statements is Pound Sterling (£) and is rounded to the nearest Pound
(£).

The financial statements contain information about Caine Lacey Limited as an individual entity.

Significant judgements and estimates
The preparation of financial statements often requires the use of judgements, estimates and assumptions that
affect the reported amounts of assets and liabilities at the date of the financial statements, and revenues and
expenses during the reporting period. These judgements, estimates and assumptions are based on
management's historical experience, knowledge and other factors including expectations of future events or
actions that are believed to be reasonable under the circumstances. Actual results may differ from those
amounts estimated.

In preparing these financial statements, management do not believe that they have made any critical
judgements or used any significant estimates or assumptions in applying the company's accounting policies.

Turnover
Turnover represents loan interest and fees for other services, excluding value added tax, and is recognised in
the period it relates.

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 - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if
appropriate.

Financial instruments
Financial instruments are recognised in line with sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, loans, trade receivables and payables are initially
recognised at transaction price, unless they constitute a financing arrangement, when the transaction is
measured at present value of the future receipts/payments discounted at a market rate of interest. Such
instruments are subsequently carried at amortised cost using the effective interest rate method.

Taxation
Taxation for the year 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.


Page 3
CAINE LACEY LIMITED (REGISTERED NUMBER: 07294165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2018


2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2017
and 30th April 2018 949
DEPRECIATION
At 1st May 2017
and 30th April 2018 949
NET BOOK VALUE
At 30th April 2018 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 398,315 318,487

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 13,602 -
Other creditors 360,815 283,504
374,417 283,504

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Other creditors 130,000 130,000

Page 4
CAINE LACEY LIMITED (REGISTERED NUMBER: 07294165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2018


8. GOING CONCERN

At the year end, the company had net liabilities of £96,953 (2017:£94,090). Within creditors due in less than
one year, there is a loan from the company's director of £317,309 (2017:£239,379). The director has confirmed
that he will continue to provide financial support to the company for the foreseeable future and he will not draw
against the loan unless the company has sufficient cashflow to make repayments. On the basis of the
continued support of the director, in the opinion of the director the going concern basis is considered
appropriate.

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CAINE LACEY LIMITED


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 Caine Lacey Limited for the year ended 30th April 2018 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 Caine Lacey Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Caine Lacey Limited and state those matters that we have agreed to state to the director of Caine Lacey 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 Caine Lacey Limited and its director for our work or for this report.

It is your duty to ensure that Caine Lacey 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 loss of Caine Lacey Limited. You consider that Caine Lacey 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 Caine Lacey 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.






Rothman Pantall LLP
Chartered Accountants
24 Park Road South
Havant
Hampshire
PO9 1HB


31st January 2019

This page does not form part of the statutory financial statements

Page 6