Company Registration No. 08311427 (England and Wales)
Clarus Homes (Design & Build) Ltd
Unaudited accounts
for the year ended 31 December 2018
Clarus Homes (Design & Build) Ltd
Unaudited accounts
Contents
Clarus Homes (Design & Build) Ltd
Company Information
for the year ended 31 December 2018
Company Number
08311427 (England and Wales)
Registered Office
The Estate Office
Dacliffe Industrial Estate
Appledore Road, Woodchurch
KENT
TN26 3TG
United Kingdom
Accountants
Southern Accounting Limited
The Estate Office, Dacliffe Ind. Estate
Appledore Road
Woodchurch
Kent
TN26 3TG
Clarus Homes (Design & Build) Ltd
Statement of financial position
as at 31 December 2018
Tangible assets
6,533
4,771
Inventories
287,847
122,705
Cash at bank and in hand
1,938
130,200
Creditors: amounts falling due within one year
(317,145)
(322,500)
Net current assets
59,811
19,282
Total assets less current liabilities
66,344
24,053
Provisions for liabilities
Called up share capital
200
100
Profit and loss account
65,701
23,914
Shareholders' funds
65,901
24,014
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 September 2019.
Mr C D Dickens
Director
Company Registration No. 08311427
Clarus Homes (Design & Build) Ltd
Notes to the Accounts
for the year ended 31 December 2018
Clarus Homes (Design & Build) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08311427. The registered office is The Estate Office, Dacliffe Industrial Estate, Appledore Road, Woodchurch, KENT, TN26 3TG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing Balance
Motor vehicles
25% on Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Clarus Homes (Design & Build) Ltd
Notes to the Accounts
for the year ended 31 December 2018
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2018
1,455
4,995
-
6,450
Additions
493
-
2,734
3,227
At 31 December 2018
1,948
4,995
2,734
9,677
At 1 January 2018
351
1,328
-
1,679
Charge for the year
344
917
204
1,465
At 31 December 2018
695
2,245
204
3,144
At 31 December 2018
1,253
2,750
2,530
6,533
At 31 December 2017
1,104
3,667
-
4,771
Work in progress
286,759
120,141
Accrued income and prepayments
5,932
1,539
Other debtors
75,102
85,327
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
2,055
-
Trade creditors
235,753
206,567
Taxes and social security
15,654
35,613
Other creditors
14,922
8,215
Loans from directors
11,148
-
Included within other creditors are retentions withheld from Sub-Contractors of £14,922 (2017: £8,215).
Clarus Homes (Design & Build) Ltd
Notes to the Accounts
for the year ended 31 December 2018
8
Transactions with related parties
Clarus Solutions Limited
As at the balance sheet date, Clarus Solutions Limited had outstanding loans of £70,029 due to Clarus Homes (Design & Build) Limited, a company controlled by a common director and shareholder. This loan is interest free and repayable upon demand.
9
Average number of employees
During the year the average number of employees was 2 (2017: 2).
