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AUCTUS MANAGEMENT GROUP LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2018






AUCTUS MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 07994296)

Contents of the Financial Statements
for the Year Ended 30 June 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUCTUS MANAGEMENT GROUP LIMITED

Company Information
for the Year Ended 30 June 2018







DIRECTORS: R Toy
S Harrison
J Handley





REGISTERED OFFICE: Atlas Building
16 Portland Street
Aston
Birmingham
B6 5RX





REGISTERED NUMBER: 07994296 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

AUCTUS MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 07994296)

Balance Sheet
30 June 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 5 29,278 17,600
Investments 6 516,583 516,583
545,861 534,183

CURRENT ASSETS
Debtors 7 897,266 547,771
Cash at bank 338 3,628
897,604 551,399
CREDITORS
Amounts falling due within one year 8 (768,990 ) (378,949 )
NET CURRENT ASSETS 128,614 172,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,475

706,633

CREDITORS
Amounts falling due after more than one
year

9

(438,078

)

(450,000

)

PROVISIONS FOR LIABILITIES (5,563 ) (3,326 )
NET ASSETS 230,834 253,307

CAPITAL AND RESERVES
Called up share capital 644 685
Share premium 187,692 187,692
Capital redemption reserve 41 -
Retained earnings 42,457 64,930
SHAREHOLDERS' FUNDS 230,834 253,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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.

AUCTUS MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 07994296)

Balance Sheet - continued
30 June 2018


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 15 October 2018 and were signed on its
behalf by:





R Toy - Director


AUCTUS MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 07994296)

Notes to the Financial Statements
for the Year Ended 30 June 2018


1. STATUTORY INFORMATION

Auctus Management Group 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Auctus Management Group Limited as an
individual company and do not contain consolidated financial information as the parent of a group. The
company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to
prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.

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.
Motor vehicles - 33% on cost
Fixtures & equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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 balance sheet date.


AUCTUS MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 07994296)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 13 ) .

5. TANGIBLE FIXED ASSETS
Motor Fixtures
vehicles & equipment Totals
£    £    £   
COST
At 1 July 2017 15,900 91,107 107,007
Additions - 25,277 25,277
At 30 June 2018 15,900 116,384 132,284
DEPRECIATION
At 1 July 2017 4,417 84,990 89,407
Charge for year 5,300 8,299 13,599
At 30 June 2018 9,717 93,289 103,006
NET BOOK VALUE
At 30 June 2018 6,183 23,095 29,278
At 30 June 2017 11,483 6,117 17,600

AUCTUS MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 07994296)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2017
and 30 June 2018 516,583
NET BOOK VALUE
At 30 June 2018 516,583
At 30 June 2017 516,583

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 608,106 429,935
Other debtors 289,160 117,836
897,266 547,771

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 115,000 125,000
Trade creditors 170,182 87,479
Amounts owed to group undertakings 169,758 97,407
Taxation and social security 284,596 29,707
Other creditors 29,454 39,356
768,990 378,949

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 438,078 450,000

The loan is secured by a debenture on the assets of the company. It has no fixed repayment date. The
weighted average interest rate is 8.9%.

10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 553,078 575,000

The bank loan is secured on the assets of the company.

AUCTUS MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 07994296)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018


11. CONTINGENT LIABILITIES

Cross guarantees exist between the company and RSS Infrastructure Limited under which each
company has guaranteed certain debts of the other.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2018 and
30 June 2017:

2018 2017
£    £   
S Harrison
Balance outstanding at start of year - -
Amounts advanced 85,243 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,243 -

R Toy
Balance outstanding at start of year - -
Amounts advanced 77,494 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,494 -

13. ULTIMATE CONTROLLING PARTY

There is no single controlling party.