Caseware UK (AP4) 2016.0.181 2016.0.181 2016-03-312016-03-31trueaccident management servicestrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2015-04-01 06846601 2015-04-01 2016-03-31 06846601 2014-04-01 2015-03-31 06846601 2016-03-31 06846601 2015-03-31 06846601 c:Director1 2015-04-01 2016-03-31 06846601 d:MotorVehicles 2015-04-01 2016-03-31 06846601 d:FurnitureFittings 2015-04-01 2016-03-31 06846601 d:FurnitureFittings 2016-03-31 06846601 d:FurnitureFittings 2015-03-31 06846601 d:FurnitureFittings d:OwnedOrFreeholdAssets 2015-04-01 2016-03-31 06846601 d:OfficeEquipment 2015-04-01 2016-03-31 06846601 d:OfficeEquipment 2016-03-31 06846601 d:OfficeEquipment 2015-03-31 06846601 d:OfficeEquipment d:OwnedOrFreeholdAssets 2015-04-01 2016-03-31 06846601 d:ComputerEquipment 2015-04-01 2016-03-31 06846601 d:ComputerEquipment 2016-03-31 06846601 d:ComputerEquipment 2015-03-31 06846601 d:ComputerEquipment d:OwnedOrFreeholdAssets 2015-04-01 2016-03-31 06846601 d:OwnedOrFreeholdAssets 2015-04-01 2016-03-31 06846601 d:CurrentFinancialInstruments 2016-03-31 06846601 d:CurrentFinancialInstruments 2015-03-31 06846601 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 06846601 d:CurrentFinancialInstruments d:WithinOneYear 2015-03-31 06846601 d:ShareCapital 2016-03-31 06846601 d:ShareCapital 2015-03-31 06846601 d:RetainedEarningsAccumulatedLosses 2016-03-31 06846601 d:RetainedEarningsAccumulatedLosses 2015-03-31 06846601 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-03-31 06846601 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2015-03-31 06846601 c:FRS102 2015-04-01 2016-03-31 06846601 c:AuditExempt-NoAccountantsReport 2015-04-01 2016-03-31 06846601 c:FullAccounts 2015-04-01 2016-03-31 06846601 c:PrivateLimitedCompanyLtd 2015-04-01 2016-03-31 iso4217:GBP xbrli:pure

Registered number: 06846601










A & E CLAIMS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

 
A & E CLAIMS LTD
REGISTERED NUMBER: 06846601

BALANCE SHEET
AS AT 31 MARCH 2016

2016
2015
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,276
263

  
2,276
263

Current assets
  

Debtors: amounts falling due within one year
 5 
13,400
5,608

Cash at bank and in hand
 6 
10,497
105

  
23,897
5,713

Creditors: amounts falling due within one year
 7 
(7,570)
(3,196)

Net current assets
  
 
 
16,327
 
 
2,517

Total assets less current liabilities
  
18,603
2,780

  

Net assets
  
18,603
2,780


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
18,503
2,680

  
18,603
2,780


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 July 2017.





Zahed Tahir
Page 1

 
A & E CLAIMS LTD
REGISTERED NUMBER: 06846601

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2016

Director
The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
A & E CLAIMS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016

1.


General information

A&E Claims Ltd is a company domiciled in England & Wales, registration number 06846601. The registered office is 24 Queens Road, Doncaster, DN1 2NQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
A & E CLAIMS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Fixtures & fittings
-
25%
Office equipment
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

Page 4

 
A & E CLAIMS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 April 2014 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
2.9

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.10

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2015 - 1).

Page 5

 
A & E CLAIMS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2015
2,160
340
277
2,777


Additions
2,150
-
868
3,018


Disposals
(2,160)
-
-
(2,160)



At 31 March 2016

2,150
340
1,145
3,635



Depreciation


At 1 April 2015
2,160
170
184
2,514


Charge for the year on owned assets
538
85
382
1,005


Disposals
(2,160)
-
-
(2,160)



At 31 March 2016

538
255
566
1,359



Net book value



At 31 March 2016
1,612
85
579
2,276



At 31 March 2015
-
170
93
263


5.


Debtors

2016
2015
£
£


Trade debtors
-
3,858

Other debtors
13,400
1,750

13,400
5,608



6.


Cash and cash equivalents

2016
2015
£
£

Cash at bank and in hand
10,497
105

10,497
105


Page 6

 
A & E CLAIMS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016

7.


Creditors: Amounts falling due within one year

2016
2015
£
£

Corporation tax
3,490
721

Other taxation and social security
2,460
1,035

Accruals and deferred income
1,620
1,440

7,570
3,196



8.


Financial instruments

2016
2015
£
£

Financial assets


Financial assets measured at fair value through profit or loss
10,497
105

10,497
105





Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


9.


Related party transactions

During the year the company loaned Exsupero Ltd, a company which the director has an interest in, £13,400. At the balance sheet date other debtors included £13,400 (2015: £NIL) as amounts owed by Exsupero Ltd.


10.


Controlling party

The company is controlled by the director Mr Z Tahir.

Page 7
 


 
A & E CLAIMS LTD


 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016

11.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.


Page 8