| Charminster 2009 Limited |
| Registered number: |
06780360 |
| Balance Sheet |
| as at 31 December 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
191,677 |
|
|
381,248 |
| Tangible assets |
4 |
|
|
35,378 |
|
|
35,092 |
|
|
|
|
227,055 |
|
|
416,340 |
|
| Current assets |
| Debtors |
5 |
|
42,309 |
|
|
92,701 |
| Cash at bank and in hand |
|
|
167,461 |
|
|
69,943 |
|
|
|
209,770 |
|
|
162,644 |
|
| Creditors: amounts falling due within one year |
6 |
|
(197,123) |
|
|
(201,787) |
|
| Net current assets/(liabilities) |
|
|
|
12,647 |
|
|
(39,143) |
|
| Total assets less current liabilities |
|
|
|
239,702 |
|
|
377,197 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(606,825) |
|
|
(657,822) |
|
| Provisions for liabilities |
|
|
|
(3,953) |
|
|
(5,121) |
|
| Net liabilities |
|
|
|
(371,076) |
|
|
(285,746) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(371,176) |
|
|
(285,846) |
|
| Shareholders' funds |
|
|
|
(371,076) |
|
|
(285,746) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| M Jones |
A. Lowery |
| Director |
Director |
| Approved by the board on 24 September 2019 |
|
| Charminster 2009 Limited |
| Notes to the Accounts |
| for the year ended 31 December 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of commissions receivable and work carried out on behalf of customers. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
15% per annum, reducing balance |
|
Motor vehicles |
25% per annum, reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
|
|
Average number of persons employed by the company |
15 |
|
15 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 January 2018 |
966,526 |
|
Additions |
(1,457) |
|
At 31 December 2018 |
965,069 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2018 |
585,278 |
|
Provided during the year |
188,114 |
|
At 31 December 2018 |
773,392 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2018 |
191,677 |
|
At 31 December 2017 |
381,248 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 2-5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2018 |
61,298 |
|
13,226 |
|
74,524 |
|
Additions |
600 |
|
7,790 |
|
8,390 |
|
At 31 December 2018 |
61,898 |
|
21,016 |
|
82,914 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2018 |
34,233 |
|
5,199 |
|
39,432 |
|
Charge for the year |
4,150 |
|
3,954 |
|
8,104 |
|
At 31 December 2018 |
38,383 |
|
9,153 |
|
47,536 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2018 |
23,515 |
|
11,863 |
|
35,378 |
|
At 31 December 2017 |
27,065 |
|
8,027 |
|
35,092 |
|
|
|
|
| 5 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
15,696 |
|
30,202 |
|
Other debtors |
26,613 |
|
62,499 |
|
|
|
|
|
|
42,309 |
|
92,701 |
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans and overdrafts |
78,300 |
|
- |
|
Trade creditors |
29,554 |
|
26,099 |
|
Taxation and social security costs |
81,368 |
|
74,304 |
|
Accruals |
6,984 |
|
2,600 |
|
Other creditors |
917 |
|
98,784 |
|
|
|
|
|
|
197,123 |
|
201,787 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans |
538,704 |
|
- |
|
Director's account |
|
|
|
|
68,121 |
|
66,521 |
|
Other creditors |
- |
|
591,301 |
|
|
|
|
|
|
606,825 |
|
657,822 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2018 |
|
2017 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
88,824 |
|
89,335 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
617,003 |
|
- |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by fixed and floating charges on all of the Company's assets. |
|
| 9 |
Controlling party |
|
|
The Company is controlled by its Directors, M. Jones and A. Lowery. |
|
| 10 |
Other information |
|
|
Charminster 2009 Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
10 New Street |
|
Basingstoke |
|
Hampshire |
|
RG21 7DE |
