REGISTERED NUMBER: 06503461 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017

FOR

THE CUSTOMS CONSULTANCY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S C Cock

S James

P L Edwards

SECRETARY:

S James

REGISTERED OFFICE:

83 Kidmore Road

Caversham

Reading

Berkshire

RG4 7NQ

REGISTERED NUMBER:

06503461 (England and Wales)

ACCOUNTANTS:

Charles Lamb

Chartered Accountants

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

FIXED ASSETS

Tangible assets

4

4,117

5,409

CURRENT ASSETS

Debtors

5

6,634

218,592

Cash at bank

31,590

231,113

38,224

449,705

CREDITORS

Amounts falling due within one year

6

111,661

381,541

NET CURRENT (LIABILITIES)/ASSETS

(73,437

)

68,164

TOTAL ASSETS LESS CURRENT LIABILITIES

(69,320

)

73,573

PROVISIONS FOR LIABILITIES

782

1,028

NET (LIABILITIES)/ASSETS

(70,102

)

72,545

CAPITAL AND RESERVES

Called up share capital

760

720

Retained earnings

(70,862

)

71,825

SHAREHOLDERS' FUNDS

(70,102

)

72,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 April 2018 and were signed on its behalf by:

S C Cock - Director

1.	STATUTORY INFORMATION

The Customs Consultancy 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 period 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 period was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 December 2016

17,902

Additions

2,252

Disposals

(4,132

)

At 31 December 2017

16,022

DEPRECIATION

At 1 December 2016

12,493

Charge for period

3,544

Eliminated on disposal

(4,132

)

At 31 December 2017

11,905

NET BOOK VALUE

At 31 December 2017

4,117

At 30 November 2016

5,409

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

211,753

Other debtors

6,634

6,839

6,634

218,592

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

13,034

39,613

Taxation and social security

82,923

248,055

Other creditors

15,704

93,873

111,661

381,541

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31 December 2017 and

30 November 2016:

2017

2016

£

£

S C Cock

Balance outstanding at start of period

(29,697

)

(7,099

)

Amounts advanced

42,341

135,019

Amounts repaid

(13,936

)

(157,617

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(1,292

)

(29,697

)

P L Edwards

Balance outstanding at start of period

(21,908

)

(666

)

Amounts advanced

30,000

135,000

Amounts repaid

(8,245

)

(156,242

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(153

)

(21,908

)

S James

Balance outstanding at start of period

(6,437

)

(6,590

)

Amounts advanced

2,500

27,500

Amounts repaid

(555

)

(27,347

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(4,492

)

(6,437

)

8.	RELATED PARTY DISCLOSURES