Clarendon Park Accident & Repair Centre - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06001742 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

CLARENDON PARK ACCIDENT AND REPAIR

CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Wright

REGISTERED OFFICE:

Unit 4A

Oakland Road

Leicester

Leicestershire

LE2 6AN

REGISTERED NUMBER:

06001742 (England and Wales)

FIXED ASSETS

Tangible assets

4

10,156

12,411

CURRENT ASSETS

Stocks

8,562

7,539

Debtors

5

14,984

16,004

Cash at bank

5,962

2,838

29,508

26,381

CREDITORS

Amounts falling due within one year

6

20,658

24,753

NET CURRENT ASSETS

8,850

1,628

TOTAL ASSETS LESS CURRENT LIABILITIES

19,006

14,039

CREDITORS

Amounts falling due after more than one year

7

5,104

6,563

NET ASSETS

13,902

7,476

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

13,901

7,475

SHAREHOLDERS' FUNDS

13,902

7,476

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 19 June 2019 and were signed by:

Mr M Wright - Director

1.	STATUTORY INFORMATION

Clarendon Park Accident And Repair Centre 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

The company provides services to customers under standard terms and conditions. In all cases revenue is

recognised when the risks and rewards of ownership are transferred and this is defined to be on the completion of

a service.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

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.

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured

initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the

effective interest method, less any impairment.

CREDITORS

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans,

are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost

using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2017

7,237

22,150

29,387

Additions

814

-

814

At 30 November 2018

8,051

22,150

30,201

DEPRECIATION

At 1 December 2017

3,320

13,656

16,976

Charge for year

946

2,123

3,069

At 30 November 2018

4,266

15,779

20,045

NET BOOK VALUE

At 30 November 2018

3,785

6,371

10,156

At 30 November 2017

3,917

8,494

12,411

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2017

and 30 November 2018

21,500

DEPRECIATION

At 1 December 2017

13,656

Charge for year

2,123

At 30 November 2018

15,779

NET BOOK VALUE

At 30 November 2018

5,721

At 30 November 2017

7,844

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

14,984

16,004

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

2,148

Hire purchase contracts

4,386

5,717

Trade creditors

5,959

5,133

Taxation and social security

6,061

6,455

Other creditors

4,252

5,300

20,658

24,753

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

5,104

6,563

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdraft

-

2,148

Hire purchase contracts

9,490

12,280

9,490

14,428

Amounts owing under hire purchase contracts are secured on the assets concerned.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

£1

1

1

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2017 - £3,000) were paid to the director .

As at 30 November 2018 the company owed Mr M Wright, a director £2,577 (2017: £2,819).

The company is under the control of Mr M Wright by virtue of his directorship and 100% shareholding.