Cambridge Blues (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04822080 (England and Wales)

Financial Statements for the Year Ended 31 August 2018

for

Cambridge Blues (UK) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Dr Nalinkumar Patel

Mrs Vilasben Ambelal Patel

SECRETARY:

Mrs Vilasben Ambelal Patel

REGISTERED OFFICE:

Desai House

9-13 Holbrook Lane

Coventry

West Midlands

CV6 4AD

REGISTERED NUMBER:

04822080 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

41,170

41,170

Property, plant and equipment

5

47,878

48,751

89,048

89,921

CURRENT ASSETS

Inventories

6

4,265

4,248

Debtors

7

3,453

19,467

Cash at bank and in hand

95,431

87,388

103,149

111,103

CREDITORS

Amounts falling due within one year

8

15,069

44,061

NET CURRENT ASSETS

88,080

67,042

TOTAL ASSETS LESS CURRENT LIABILITIES

177,128

156,963

CREDITORS

Amounts falling due after more than one year

9

35,234

37,971

NET ASSETS

141,894

118,992

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

141,794

118,892

SHAREHOLDERS' FUNDS

141,894

118,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 29 May 2019 and were signed on its behalf by:

Dr Nalinkumar Patel - Director

1.	STATUTORY INFORMATION

Cambridge Blues (UK) 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales value of goods ,excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2017 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2017

and 31 August 2018

41,170

NET BOOK VALUE

At 31 August 2018

41,170

At 31 August 2017

41,170

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

£

£

£

COST

At 1 September 2017

30,000

5,319

53,321

Additions

-

-

3,596

At 31 August 2018

30,000

5,319

56,917

DEPRECIATION

At 1 September 2017

-

5,319

37,611

Charge for year

-

-

3,861

At 31 August 2018

-

5,319

41,472

NET BOOK VALUE

At 31 August 2018

30,000

-

15,445

At 31 August 2017

30,000

-

15,710

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2017

19,079

2,298

110,017

Additions

-

-

3,596

At 31 August 2018

19,079

2,298

113,613

DEPRECIATION

At 1 September 2017

16,462

1,874

61,266

Charge for year

523

85

4,469

At 31 August 2018

16,985

1,959

65,735

NET BOOK VALUE

At 31 August 2018

2,094

339

47,878

At 31 August 2017

2,617

424

48,751

6.	INVENTORIES

31.8.18

31.8.17

£

£

Stocks

4,265

4,248

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Social security & other tax

997

1,079

Rental deposit

-

15,166

Value Added Tax

-

218

Prepayments

2,456

3,004

3,453

19,467

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade Creditors

5,951

39,634

Wages payable

-

2,189

Corporation Tax

7,779

1,518

Value Added Tax

894

-

Accrued expenses

445

720

15,069

44,061

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Directors account

35,234

37,971

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

100

ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 September 2017

118,892

Profit for the year

32,902

Dividends

(10,000

)

At 31 August 2018

141,794

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 Statement of Financial Position. 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 Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 August 2018 set out on pages nil to nil 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.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................