Cantorva Limited - Period Ending 2013-08-31

Cantorva Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2013

Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB

Cantorva Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cantorva Limited
for the Year Ended 31 August 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cantorva Limited for the year ended 31 August 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Cantorva Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cantorva Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cantorva Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cantorva Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cantorva Limited. You consider that Cantorva Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cantorva Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB

30 June 2014

Page 1

Cantorva Limited
(Registration number: 05200446)
Abbreviated Balance Sheet at 31 August 2013

	Note	2013 £	2012 £
Fixed assets
Tangible fixed assets		1,228	909
Current assets
Debtors		10,275	10,678
Cash at bank and in hand		28,832	25,820
		39,107	36,498
Creditors: Amounts falling due within one year		(24,519)	(24,692)
Net current assets		14,588	11,806
Net assets		15,816	12,715
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		15,815	12,714
Shareholders' funds		15,816	12,715

For the year ending 31 August 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 30 June 2014

.........................................
Mr S Gibbs
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Cantorva Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue has been recognised with Financial Reporting Standard 5 – Reporting the substance of Transactions: Application note G – Revenue Recognition. Income is recognised when the company has performed services in accordance with the agreement with the relevant client and has obtained a right to consideration for those services. Where such income has not been billed at the balance sheet date, it is included as accrued income.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	33.33% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Cantorva Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2013
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 September 2012	4,885	4,885
Additions	1,160	1,160
At 31 August 2013	6,045	6,045
Depreciation
At 1 September 2012	3,976	3,976
Charge for the year	841	841
At 31 August 2013	4,817	4,817
Net book value
At 31 August 2013	1,228	1,228
At 31 August 2012	909	909

3	Share capital

Allotted, called up and fully paid shares

	2013			2012
		No.	£		No.	£
Ordinary of £1 each		1	1		1	1

Page 4