Company Registration No. 04275708 (England and Wales)
THE CAMPAIGN COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
PAGES FOR FILING WITH REGISTRAR
THE CAMPAIGN COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
THE CAMPAIGN COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2018
31 December 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,438
7,362
Current assets
Debtors
4
160,462
163,086
Cash at bank and in hand
641
362
161,103
163,448
Creditors: amounts falling due within one year
5
(280,991)
(225,889)
Net current liabilities
(119,888)
(62,441)
Total assets less current liabilities
(113,450)
(55,079)
Creditors: amounts falling due after more than one year
6
(132,063)
(137,566)
Provisions for liabilities
(1,223)
(1,399)
Net liabilities
(246,736)
(194,044)
Capital and reserves
Called up share capital
7,000
7,000
Capital redemption reserve
777
777
Profit and loss reserves
8
(254,513)
(201,821)
Total equity
(246,736)
(194,044)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
The notes on pages 3 - 6 form an integral part of these financial statements.
For the financial year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime
and FRS102 Section 1A
.
THE CAMPAIGN COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2018
31 December 2018
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 26 August 2019
D Evans
Director
Company Registration No. 04275708
THE CAMPAIGN COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
- 3 -
1
Accounting policies
Company information
The Campaign Company Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Suffolk House EAST entrance, 2nd Floor - Suite 4, George Street, Croydon, CR0 1PE.
The principal activity of the company continued to be that of working in partnership with private business, public sector bodies and voluntary organisation to enhance their ability to provide the services and products that carry the support of the community.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The accounts are prepared on the basis that the directors of the company have agreed they will not
withdraw funds until the company has the available profits and cash flow and continue to support the
company for the foreseeable future.
At the balance sheet date, liabilities exceed assets by £246,736 (2017 : £194,044). However the financial
statements have been prepared on a going concern basis as the company has the continuing support from
its director and majority shareholder, Mr. David Evans, and loan from his family members . The
director is therefore satisfied that the financial statements have been correctly prepared on the going
concern basis.
1.3
Turnover
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that
it is probable will be
recover
ed
.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% straight line
Computer equipment
25% straight line
THE CAMPAIGN COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments
The company only enters into basic financial instrument transactions that results in the recognition od financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non puttable ordinary shares.
1.6
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.
1.7
Provisions for liability
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earning in the year that the company becomes aware of the obligation, and are measured at the best estimates at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.
1.8
Pension
Defined contribution pension plan
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution into separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
2
Employees
2018
2017
Number
Number
Director
1
1
Employees
14
15
15
16
THE CAMPAIGN COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
- 5 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 January 2018
19,739
80,663
100,402
Additions
-
3,131
3,131
At 31 December 2018
19,739
83,794
103,533
Depreciation and impairment
At 1 January 2018
19,059
73,980
93,039
Depreciation charged in the year
226
3,830
4,056
At 31 December 2018
19,285
77,810
97,095
Carrying amount
At 31 December 2018
454
5,984
6,438
At 31 December 2017
680
6,682
7,362
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
43,785
120,325
Other debtors
1,125
1,325
Prepayments and accrued income
115,552
41,436
160,462
163,086
The director considers the carrying value of trade and other receivables approximate to their fair value.
THE CAMPAIGN COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
- 6 -
5
Creditors: amounts falling due within one year
2018
2017
£
£
Bank loans and overdrafts
30,717
6,084
Obligations under finance leases
1,269
2,426
Other borrowings
20,109
14,311
Trade creditors
119,357
84,039
Taxation and social security
27,555
37,310
Other creditors
56,531
53,968
Accruals and deferred income
25,453
27,751
280,991
225,889
The director considers the carrying amounts of current liabilities approximate to their fair values.
6
Creditors: amounts falling due after more than one year
2018
2017
Notes
£
£
Obligations under finance leases
-
1,269
Other borrowings
132,063
136,297
132,063
137,566
The director considers the carrying amounts of long term liabilities approximate to their fair values.
7
Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £19,405 (2017- £17,286)
8
Reserves
Profit and loss reserves
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.
9
Related party transactions
At the balance sheet date, included in other creditors are amounts payable to the director of £150,608 (2017 - £150,608).