CLF Manufacturing Limited - Period Ending 2019-04-30
CLF Manufacturing Limited - Period Ending 2019-04-30
Registrar
Registration number:
for the Year Ended
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB
CLF Manufacturing Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
CLF Manufacturing Limited
Company Information
Directors |
R G Cairns R J Lyon D J George |
Company secretary |
R J Lyon |
Registered office |
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Bankers |
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Accountants |
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Page 1 |
CLF Manufacturing Limited
(Registration number: 01584424)
Balance Sheet as at 30 April 2019
Note |
2019 |
2018 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
|
100 |
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Profit and loss account |
( |
(322,028) |
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Total equity |
( |
(321,928) |
For the financial year ended 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
R J Lyon
Company secretary and director
Page 2 |
CLF Manufacturing Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Going concern
The financial statements have been prepared on a going concern basis, the validity of which depends upon future financing requirements and the availability of sufficient cash resources to meet those requirements. The availability of sufficient cash resources is dependent upon the continued support of related companies.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from tenants in relation to rent received in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Page 3 |
CLF Manufacturing Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Rental income from operating leases is recognised on a straight line basis over the term of the lease.
Share capital
Ordinary shares are classified as equity.
Staff numbers |
The average number of persons employed by the company during the year, was
Debtors |
2019 |
2018 |
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Trade debtors |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
3,485 |
3,327 |
Total current trade and other debtors |
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Whilst the amounts owed by group undertakings are payable on demand, it is unlikely that they will be received within one year.
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
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Due within one year |
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Amounts owed to group undertakings |
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Other creditors |
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Corporation tax |
560 |
677 |
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Accruals and deferred income |
4,973 |
4,441 |
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Whilst amounts owed to group undertakings are payable on demand, it is unlikely that they will be repaid within one year.
Page 4 |
CLF Manufacturing Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Related party transactions |
Summary of transactions with other related parties
Group companies
During the year £32,500 (2018:£57,000) has been written off group loan balances.
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
Page 5 |