Clutton Hill Agricultural Services Ltd - Accounts to registrar (filleted) - small 18.2
Clutton Hill Agricultural Services Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Clutton Hill Agricultural Services Ltd |
| Unaudited Financial Statements for the Year Ended 31st July 2018 |
| Clutton Hill Agricultural Services Ltd (Registered number: 01756784) |
| Contents of the Financial Statements |
| for the Year Ended 31st July 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| Clutton Hill Agricultural Services Ltd |
| Company Information |
| for the Year Ended 31st July 2018 |
| DIRECTORS: |
| SECRETARIES: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Cleveland House |
| 92 Westgate |
| Guisborough |
| Cleveland |
| TS14 6AP |
| Clutton Hill Agricultural Services Ltd (Registered number: 01756784) |
| Balance Sheet |
| 31st July 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 7 |
| 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. |
| Clutton Hill Agricultural Services Ltd (Registered number: 01756784) |
| Balance Sheet - continued |
| 31st July 2018 |
| 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 |
| Clutton Hill Agricultural Services Ltd (Registered number: 01756784) |
| Notes to the Financial Statements |
| for the Year Ended 31st July 2018 |
| 1. | STATUTORY INFORMATION |
| Clutton Hill Agricultural Services Ltd is a |
| 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 |
| The financial statements have been prepared on a going concern basis, the validity of which depends upon future |
| funding being available. The financial statements do not include any adjustments that would result from a failure |
| to obtain funding. The company made a profit after taxation for the year ending 31st July 2018 of £174,846 and |
| at that date its current liabilities exceeded its current assets by £523,296. |
| 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 |
| Plant and machinery etc | - |
| 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. |
| 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 |
| 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. |
| Clutton Hill Agricultural Services Ltd (Registered number: 01756784) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2018 |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st August 2017 |
| and 31st July 2018 |
| DEPRECIATION |
| At 1st August 2017 |
| Charge for year |
| At 31st July 2018 |
| NET BOOK VALUE |
| At 31st July 2018 |
| At 31st July 2017 |
| Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st August 2017 |
| and 31st July 2018 |
| DEPRECIATION |
| At 1st August 2017 |
| Charge for year |
| At 31st July 2018 |
| NET BOOK VALUE |
| At 31st July 2018 |
| At 31st July 2017 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Clutton Hill Agricultural Services Ltd (Registered number: 01756784) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2018 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| (See Note 8) |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Loan over 5 years | 102,463 | 158,856 |
| 7. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st August 2017 |
| and 31st July 2018 |
| 8. | ANALYSIS OF OTHER CREDITORS |
| 2018 2017 |
| £ £ |
| R M English & Son Ltd 205,000 250,000 |
| Appleyard Family 205,000 250,000 |
| Dividends not yet paid 110,000 60,000 |
| Directors Loan - R M English & Son Ltd 7,500 7,500 |
| Directors Loan - Appleyard 7,500 7,500 |
| Rents/Rates in advance 55,700 50,617 |
| Other Prepayments/Accruals 18,831 8,300 |
| Interest Repaid (30,617) |
| ------------------ ---------------- |
| 578,914 633,917 |
| ========= ========= |
| Clutton Hill Agricultural Services Ltd |
| Report of the Accountants to the Directors of |
| Clutton Hill Agricultural Services Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2018 set out on pages three to seven and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Chartered Accountants |
| Cleveland House |
| 92 Westgate |
| Guisborough |
| Cleveland |
| TS14 6AP |