Central Classics Limited - Accounts to registrar (filleted) - small 18.2
Central Classics Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018 |
FOR |
CENTRAL CLASSICS LIMITED |
CENTRAL CLASSICS LIMITED (REGISTERED NUMBER: 10487628) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
CENTRAL CLASSICS LIMITED (REGISTERED NUMBER: 10487628) |
BALANCE SHEET |
30 NOVEMBER 2018 |
30.11.18 | 30.11.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
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. |
CENTRAL CLASSICS LIMITED (REGISTERED NUMBER: 10487628) |
BALANCE SHEET - continued |
30 NOVEMBER 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 by: |
CENTRAL CLASSICS LIMITED (REGISTERED NUMBER: 10487628) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
1. | STATUTORY INFORMATION |
Central Classics is a private limited company, limited by shares, registered in England. The company's |
registered number is 10487628. The company's registered office is Bridge Business Park, Bridge Street, |
Wednesbury, West Midlands, England, WS10 0AW. |
The financial statements are presented in Sterling, which is the functional currency of the company. |
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. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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. |
CENTRAL CLASSICS LIMITED (REGISTERED NUMBER: 10487628) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The accounts have been drawn up on the going concern basis. The company's ongoing activities are dependent |
upon the continued financial support of a company in which the director has a controlling interest, which has |
undertaken that this support will be given for the foreseeable future. |
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of |
assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed |
assets as current assets. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 December 2017 |
and 30 November 2018 |
DEPRECIATION |
At 1 December 2017 |
Charge for year |
At 30 November 2018 |
NET BOOK VALUE |
At 30 November 2018 |
At 30 November 2017 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Amounts owed to associates | 173,703 | 102,423 |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.18 | 30.11.17 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
CENTRAL CLASSICS LIMITED (REGISTERED NUMBER: 10487628) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2018 |
7. | RELATED PARTY DISCLOSURES |
During the year First National Limited a company controlled by Mr C Arnold, loaned Central Classics Limited |
£71,280. As at 30 November 2018 £173,703 was outstanding in this respect (2017 - £102,423). |