Cundalls (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2
Cundalls (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2018 |
| FOR |
| CUNDALLS (YORKSHIRE) LIMITED |
| CUNDALLS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07330895) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 October 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| CUNDALLS (YORKSHIRE) LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 October 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| CUNDALLS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07330895) |
| STATEMENT OF FINANCIAL POSITION |
| 31 October 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| CUNDALLS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07330895) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 October 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved and authorised for issue by the Board of Directors on behalf by: |
| D T Watson - Director | T K Watson - Director |
| S P W Edwards - Director |
| CUNDALLS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07330895) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 October 2018 |
| 1. | STATUTORY INFORMATION |
| Cundalls (Yorkshire) Limited is a |
| 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 |
| Revenue |
| Revenue represents services supplied, excluding value added tax. Revenue is recognised to the extent that the company has |
| obtained the right to consideration through its performance and is measured at the fair value of the right to consideration. |
| Goodwill |
| Goodwill connected with the purchase of a trade is initially measured at cost. After initial recognition goodwill is measured |
| at cost less any accumulated amortisation and any accumulated impairment losses. |
| Amortisation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful |
| life. |
| Business acquisitions | - 20% on straight line basis |
| Property, plant and equipment |
| Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and |
| equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses. |
| Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life. |
| Office equipment | - 15% on reducing balance |
| Fixtures and fittings | - 25% on reducing balance |
| Computer equipment | - 33% on cost |
| Plant and machinery | - 15% on reducing balance |
| Investments in subsidiaries |
| Investments in subsidiary undertakings and joint venture partnerships are initially measured at cost. After initial recognition |
| investments in subsidiary undertakings and joint venture partnerships are reduced by any accumulated impairment losses. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and |
| liabilities such as trade, other accounts receivable and payable and loans to related parties. |
| Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, |
| initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future |
| payments and subsequently at amortised cost using the effective interest method. |
| 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 statement of financial position date. |
| CUNDALLS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07330895) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 October 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 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. |
| Pension costs and other post-retirement benefits |
| Payments to defined contribution pension schemes are charged as an expense in the period to which they relate. |
| Going concern |
| The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient |
| resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern |
| basis of accounting in preparing the annual financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2017 |
| and 31 October 2018 |
| AMORTISATION |
| At 1 November 2017 |
| and 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Office | and | Plant and | Computer |
| equipment | fittings | machinery | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 November 2017 |
| Additions |
| At 31 October 2018 |
| DEPRECIATION |
| At 1 November 2017 |
| Charge for year |
| At 31 October 2018 |
| NET BOOK VALUE |
| At 31 October 2018 |
| At 31 October 2017 |
| CUNDALLS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07330895) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 October 2018 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2017 |
| and 31 October 2018 | 7,500 |
| NET BOOK VALUE |
| At 31 October 2018 | 7,500 |
| At 31 October 2017 | 7,500 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CURRENT ASSET INVESTMENTS |
| 2018 | 2017 |
| £ | £ |
| Joint venture partnership |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 10. | OTHER FINANCIAL COMMITMENTS |
| At the year end the company has total financial commitments of £4,375 (2017 - £4,375). |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Two of the directors operate loan accounts with the company which are repayable on demand. The following advances and |
| credits subsisted during the years ended 31 October 2018 and 31 October 2017. |
| 2018 | 2017 |
| £ | £ |
| Balances outstanding at start of year | 14,197 | - |
| Amounts advanced | 181,092 | 157,070 |
| Amounts repaid | (134,133 | ) | (142,873 | ) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balances outstanding at end of year | 61,156 | 14,197 |
| Advances to the two directors bear interest at the HMRC beneficial loan rate. |
| CUNDALLS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07330895) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 October 2018 |
| 12. | RELATED PARTY DISCLOSURES |
| The company rents storage space from one company director. The amount payable during the year was £30,000 (2017 - |
| £30,000). |