Company Registration No. 04275708 (England and Wales)
THE CAMPAIGN COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
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 2017
31 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,362
9,237
Current assets
Debtors
4
163,086
149,138
Cash at bank and in hand
362
185
163,448
149,323
Creditors: amounts falling due within one year
5
(225,889)
(304,364)
Net current liabilities
(62,441)
(155,041)
Total assets less current liabilities
(55,079)
(145,804)
Creditors: amounts falling due after more than one year
6
(137,566)
(62,850)
Provisions for liabilities
(1,399)
(1,848)
Net liabilities
(194,044)
(210,502)
Capital and reserves
Called up share capital
7
7,000
7,000
Capital redemption reserve
777
777
Profit and loss reserves
(201,821)
(218,279)
Total equity
(194,044)
(210,502)
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 2017 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 2017
31 December 2017
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 16 August 2018
D Evans
Director
Company Registration No. 04275708
THE CAMPAIGN COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
- 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.
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
At the balance sheet date, liabilities exceeded assets by £199,632 (2016: £210,502). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its director and shareholder, D Evans, and an overdraft facility. The director is therefore satisfied that the financial statements have been correctly prepared on the going concern basis.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
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 2017
1
Accounting policies
(Continued)
- 4 -
1.5
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.
2
Employees
2017
2016
Number
Number
Director
1
1
Employees
15
13
16
14
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 January 2017
18,833
80,014
98,847
Additions
906
648
1,554
At 31 December 2017
19,739
80,662
100,401
Depreciation and impairment
At 1 January 2017
18,833
70,777
89,610
Depreciation charged in the year
226
3,203
3,429
At 31 December 2017
19,059
73,980
93,039
Carrying amount
At 31 December 2017
680
6,682
7,362
At 31 December 2016
-
9,237
9,237
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
120,325
59,947
Other debtors
1,325
3,315
Prepayments and accrued income
41,436
85,876
163,086
149,138
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 2017
- 5 -
5
Creditors: amounts falling due within one year
2017
2016
Notes
£
£
Bank loans and overdrafts
6,084
39,192
Obligations under finance leases
2,426
2,277
Other borrowings
14,311
-
Trade creditors
84,039
116,640
Other taxation and social security
37,310
27,529
Other creditors
53,968
66,064
Accruals and deferred income
27,751
52,662
225,889
304,364
6
Creditors: amounts falling due after more than one year
2017
2016
Notes
£
£
Obligations under finance leases
1,269
3,696
Other borrowings
136,297
59,154
137,566
62,850
The director considers the carrying amounts of long term liabilities approximate to their fair values.
7
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
7,000 Ordinary shares of £1 each
7,000
7,000
7,000
7,000
8
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2017
2016
£
£
-
913
9
Related party transactions
THE CAMPAIGN COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
9
Related party transactions
(Continued)
- 6 -
At Balance Sheet date, the following amounts were due to D Evans:
Due within one year -
£
50,000
(201
6 -
£59,154
)
Due after one year -
£
100,608
(201
6 - £59,154
)
The director is not going to demand repayment of £100,608 within the next 12 months.
10
Controlling Party
The ultimate controlling party is D Evans (Director) by virtue of his holding 90% of the issued share capital.