Company Registration No. 5142482 (England and Wales)
CAPACITY BUILDING SUPPORT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
30 SEPTEMBER 2014
30 September 2014
CAPACITY BUILDING SUPPORT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CAPACITY BUILDING SUPPORT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,286
3,053
Investments
2
59,242
57,262
60,528
60,315
Current assets
Debtors
3,493
652
Cash at bank and in hand
132,998
125,678
136,491
126,330
Creditors: amounts falling due within one year
(14,938)
(6,942)
Net current assets
121,553
119,388
Total assets less current liabilities
182,081
179,703
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
182,080
179,702
Shareholders' funds
182,081
179,703
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 June 2015
J From
Director
Company Registration No. 5142482
CAPACITY BUILDING SUPPORT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for services.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% on a straight line basis
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Revenue recognition
Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.
Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
CAPACITY BUILDING SUPPORT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 October 2013
45,077
57,262
102,339
Additions
-
1,980
1,980
At 30 September 2014
45,077
59,242
104,319
Depreciation
At 1 October 2013
42,024
-
42,024
Charge for the year
1,767
-
1,767
At 30 September 2014
43,791
-
43,791
Net book value
At 30 September 2014
1,286
59,242
60,528
At 30 September 2013
3,053
57,262
60,315
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
European Competence Limited
England & Wales
Ordinary
50.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit for the year
2014
2014
£
£
European Competence Limited
(7,829)
(3,221)
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1