Operations (Croydon) Limited - Limited company accounts 18.2

REGISTERED NUMBER: 10531389 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Operations (Croydon) Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

S P Hayes

SECRETARY:

REGISTERED OFFICE:

Energie Fitness

1 Pitfield

Kiln Farm

Milton Keynes

MK11 3LW

REGISTERED NUMBER:

10531389 (England and Wales)

ACCOUNTANTS:

M Chilton Accountancy Services Limited

16 Reed Mace Drive

Bromsgrove

Worcestershire

B61 0UJ

The director presents his report with the financial statements of the company for the year ended 31 December 2018.

DIRECTOR

S P Hayes held office during the whole of the period from 1 January 2018 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S P Hayes - Director

27 February 2019

TURNOVER

239,789

301,440

Cost of sales

32,416

38,067

GROSS PROFIT

207,373

263,373

Administrative expenses

288,140

347,720

(80,767

)

(84,347

)

Other operating income

975

1,435

OPERATING LOSS and

LOSS BEFORE TAXATION

(79,792

)

(82,912

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(79,792

)

(82,912

)

FIXED ASSETS

Tangible assets

5

37,129

4,751

CURRENT ASSETS

Debtors

6

95,892

60,501

Cash at bank

454

11,567

96,346

72,068

CREDITORS

Amounts falling due within one year

7

80,309

73,017

NET CURRENT ASSETS/(LIABILITIES)

16,037

(949

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,166

3,802

CREDITORS

Amounts falling due after more than one year

8

(207,634

)

(24,799

)

ACCRUALS AND DEFERRED INCOME

(8,235

)

(61,914

)

NET LIABILITIES

(162,703

)

(82,911

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(162,704

)

(82,912

)

(162,703

)

(82,911

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 February 2019 and were signed by:

S P Hayes - Director

1.	STATUTORY INFORMATION

Operations (Croydon) 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.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost and in accordance with the property

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 8 ) .

4.	OPERATING LOSS

The operating loss is stated after charging:

Period

19.12.16

Year Ended

to

31.12.18

31.12.17

£

£

Depreciation - owned assets

2,187

170

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

4,921

Additions

34,565

At 31 December 2018

39,486

DEPRECIATION

At 1 January 2018

170

Charge for year

2,187

At 31 December 2018

2,357

NET BOOK VALUE

At 31 December 2018

37,129

At 31 December 2017

4,751

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

22,305

19,970

Other debtors

73,587

40,531

95,892

60,501

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

74,023

62,092

Taxation and social security

748

1,473

Other creditors

5,538

9,452

80,309

73,017

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Amounts owed to group undertakings

207,634

24,799

9.	RELATED PARTY DISCLOSURES

Operations (Croydon) Limited is a 100% owned subsidiary of Energie Direct Operations Limited.