Clarks Advanced Shredding Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06807927 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

CLARKS ADVANCED SHREDDING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R E Bettis

D P Clark

R W Bettis

Mrs K J Clark

SECRETARY:

R W Bettis

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

06807927 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

27,742

Tangible assets

4

28,147

CURRENT ASSETS

8,000

Stocks

8,000

23,049

Debtors

5

47,883

4,172

Cash at bank

6,756

35,221

62,639

CREDITORS

38,586

Amounts falling due within one year

6

60,641

(3,365

)

NET CURRENT ASSETS/(LIABILITIES)

1,998

24,377

TOTAL ASSETS LESS CURRENT LIABILITIES

30,145

5,271

PROVISIONS FOR LIABILITIES

5,348

19,106

NET ASSETS

24,797

CAPITAL AND RESERVES

100

Called up share capital

7

100

9,550

Revaluation reserve

8

9,550

9,456

Retained earnings

8

15,147

19,106

SHAREHOLDERS' FUNDS

24,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 29 November 2019 and were signed on its behalf by:

D P Clark - Director

1.	STATUTORY INFORMATION

Clarks Advanced Shredding 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of work completed during the year, by reference to invoiced sales and

the movement between opening and closing trade debtor balances.

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

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

The company's stock of storage bins are not depreciated on the basis that they are still worth what

was paid for them originally as at the balance sheet date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when

required, that result in the recognition of financial assets and liabilities within the financial statements

such as trade and other accounts receivable and payable, bank loans and hire purchase and lease

contracts.

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.

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 6 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

Totals

machinery

equipment

£

£

£

COST OR VALUATION

At 1 April 2018

34,960

33,153

1,807

Additions

1,527

1,527

-

At 31 March 2019

36,487

34,680

1,807

DEPRECIATION

At 1 April 2018

7,218

5,644

1,574

Charge for year

1,122

1,063

59

At 31 March 2019

8,340

6,707

1,633

NET BOOK VALUE

At 31 March 2019

28,147

27,973

174

At 31 March 2018

27,742

27,509

233

Cost or valuation at 31 March 2019 is represented by:

Plant and

Computer

Totals

machinery

equipment

£

£

£

Valuation in 2016

9,550

9,550

-

Cost

26,937

25,130

1,807

36,487

34,680

1,807

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

47,619

23,049

Prepayments

264

-

47,883

23,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

52,417

30,795

Social security and other taxes

1,508

1,093

VAT

1,978

108

Other creditors

159

2,000

Directors' current accounts

100

100

Accrued expenses

4,479

4,490

60,641

38,586

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

Revaluation

Totals

earnings

reserve

£

£

£

At 1 April 2018

19,006

9,456

9,550

Profit for the year

6,691

6,691

Dividends

(1,000

)

(1,000

)

At 31 March 2019

24,697

15,147

9,550