Celuclad Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01633545 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Celuclad Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Milham

Mrs G Milham

SECRETARY:

Mrs G Milham

REGISTERED OFFICE:

Stone Haven

Northiam Road

Broad Oak

Rye

East Sussex

TN31 6EP

REGISTERED NUMBER:

01633545 (England and Wales)

ACCOUNTANTS:

NCR Accountancy Services

61 Oaklands

Westham

Pevensey

Eastbourne

East Sussex

BN24 5AW

FIXED ASSETS

Tangible assets

4

11,978

12,207

CURRENT ASSETS

Stocks

10,289

4,527

Debtors

5

29,828

32,773

Cash at bank and in hand

243,657

216,306

283,774

253,606

CREDITORS

Amounts falling due within one year

6

77,126

100,386

NET CURRENT ASSETS

206,648

153,220

TOTAL ASSETS LESS CURRENT LIABILITIES

218,626

165,427

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

(50,250

)

(50,000

)

Retained earnings

268,776

215,327

SHAREHOLDERS' FUNDS

218,626

165,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 25 November 2019 and were signed on its behalf by:

S Milham - Director

1.	STATUTORY INFORMATION

Celuclad 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.

Stocks

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

for obsolete and slow moving items.

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 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2018

33,488

68,364

101,852

Additions

-

907

907

At 30 September 2019

33,488

69,271

102,759

DEPRECIATION

At 1 October 2018

27,290

62,355

89,645

Charge for year

-

1,136

1,136

At 30 September 2019

27,290

63,491

90,781

NET BOOK VALUE

At 30 September 2019

6,198

5,780

11,978

At 30 September 2018

6,198

6,009

12,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

29,692

32,773

Other debtors

136

-

29,828

32,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

41,087

56,802

Taxation and social security

31,036

35,251

Other creditors

5,003

8,333

77,126

100,386