Cardiff Engineering & Fabrications Ltd - Accounts to registrar (filleted) - small 18.2
Cardiff Engineering & Fabrications Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| CARDIFF ENGINEERING & FABRICATIONS LTD |
| Unaudited Financial Statements |
| for the Period 1 April 2017 to 30 March 2018 |
| CARDIFF ENGINEERING & FABRICATIONS LTD (REGISTERED NUMBER: 04368140) |
| Contents of the Financial Statements |
| for the Period 1 April 2017 to 30 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| CARDIFF ENGINEERING & FABRICATIONS LTD |
| Company Information |
| for the Period 1 April 2017 to 30 March 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Highdale House |
| 7 Centre Court |
| Treforest Industrial Estate |
| Pontypridd |
| Rhondda Cynon Taff |
| CF37 5YR |
| CARDIFF ENGINEERING & FABRICATIONS LTD (REGISTERED NUMBER: 04368140) |
| Balance Sheet |
| 30 March 2018 |
| 30.3.18 | 31.3.17 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| CARDIFF ENGINEERING & FABRICATIONS LTD (REGISTERED NUMBER: 04368140) |
| Notes to the Financial Statements |
| for the Period 1 April 2017 to 30 March 2018 |
| 1. | STATUTORY INFORMATION |
| Cardiff Engineering & Fabrications Ltd is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of |
| goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover |
| from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion |
| of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
| stocks to their present location and condition. |
| 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 balance sheet date. |
| 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 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
| future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| CARDIFF ENGINEERING & FABRICATIONS LTD (REGISTERED NUMBER: 04368140) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2017 to 30 March 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) |
| At 30 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 30 March 2018 |
| NET BOOK VALUE |
| At 30 March 2018 |
| At 31 March 2017 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2017 |
| Transfer to ownership | (31,150 | ) |
| At 30 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for period |
| Transfer to ownership | (15,830 | ) |
| At 30 March 2018 |
| NET BOOK VALUE |
| At 30 March 2018 |
| At 31 March 2017 |
| CARDIFF ENGINEERING & FABRICATIONS LTD (REGISTERED NUMBER: 04368140) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2017 to 30 March 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.18 | 31.3.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.18 | 31.3.17 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.3.18 | 31.3.17 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |