Charlton Baker Limited 31/03/2019 iXBRL

CHARLTON BAKER LIMITED - Company Information

31/03/2019 2019-03-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-04-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 07179787 2018-04-01 2019-03-31 07179787 2019-03-31 07179787 2018-03-31 07179787 2017-04-01 2018-03-31 07179787 2018-03-31 07179787 2017-03-31 07179787 core:NetGoodwill 2018-04-01 2019-03-31 07179787 core:IntangibleAssetsOtherThanGoodwill 2018-04-01 2019-03-31 07179787 core:FurnitureFittingsToolsEquipment 2018-04-01 2019-03-31 07179787 bus:RegisteredOffice 2018-04-01 2019-03-31 07179787 bus:Director1 2018-04-01 2019-03-31 07179787 bus:Director2 2018-04-01 2019-03-31 07179787 bus:Director3 2018-04-01 2019-03-31 07179787 core:NetGoodwill 2018-03-31 07179787 core:IntangibleAssetsOtherThanGoodwill 2018-03-31 07179787 core:NetGoodwill 2019-03-31 07179787 core:IntangibleAssetsOtherThanGoodwill 2019-03-31 07179787 core:FurnitureFittingsToolsEquipment 2018-03-31 07179787 core:FurnitureFittingsToolsEquipment 2019-03-31 07179787 core:WithinOneYear 2019-03-31 07179787 core:WithinOneYear 2018-03-31 07179787 core:AfterOneYear 2019-03-31 07179787 core:AfterOneYear 2018-03-31 07179787 core:RetainedEarningsAccumulatedLosses 2017-04-01 2018-03-31 07179787 core:ShareCapital 2018-04-01 2019-03-31 07179787 core:RetainedEarningsAccumulatedLosses 2018-04-01 2019-03-31 07179787 core:ShareCapital 2019-03-31 07179787 core:ShareCapital 2018-03-31 07179787 core:RetainedEarningsAccumulatedLosses 2019-03-31 07179787 core:RetainedEarningsAccumulatedLosses 2018-03-31 07179787 core:ShareCapital 2017-03-31 07179787 core:RetainedEarningsAccumulatedLosses 2017-03-31 07179787 core:NetGoodwill 2018-03-31 07179787 core:IntangibleAssetsOtherThanGoodwill 2018-03-31 07179787 core:CostValuation core:Non-currentFinancialInstruments 2018-03-31 07179787 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2019-03-31 07179787 core:CostValuation core:Non-currentFinancialInstruments 2019-03-31 07179787 core:Non-currentFinancialInstruments 2019-03-31 07179787 core:Non-currentFinancialInstruments 2018-03-31 07179787 core:FurnitureFittingsToolsEquipment 2018-03-31 07179787 bus:SmallEntities 2018-04-01 2019-03-31 07179787 bus:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 07179787 bus:FullAccounts 2018-04-01 2019-03-31 07179787 bus:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 07179787 bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31

Company registration number: 07179787

Charlton Baker Limited

Unaudited filleted financial statements

31 March 2019

Charlton Baker Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Charlton Baker Limited

Directors and other information


	Directors	Mr S J Sartin
		Mr S A Little
		Mr E C Cargill


	Company number	07179787


	Registered office	7-7c Snuff Street
		Devizes
		Wiltshire
		SN10 1DU


	Business address	7-7c Snuff Street
		Devizes
		Wiltshire
		SN10 1DU

Charlton Baker Limited

Statement of financial position

31 March 2019

		2019		2018
	Note	£	£	£	£

Fixed assets
Intangible assets	5	279,699		329,585
Tangible assets	6	55,007		50,865
Investments	7	216,860		165,050
		_______		_______
			551,566		545,500

Current assets
Stocks		-		3,636
Debtors	8	308,811		264,909
Cash at bank and in hand		15,364		62,695
		_______		_______
		324,175		331,240
Creditors: amounts falling due
within one year	9	( 452,464)		( 377,307)
		_______		_______
Net current liabilities			( 128,289)		( 46,067)
			_______		_______
Total assets less current liabilities			423,277		499,433

Creditors: amounts falling due
after more than one year	10		( 203,442)		( 229,579)

Provisions for liabilities			( 10,451)		( 9,664)

			_______		_______
Net assets			209,384		260,190
			_______		_______

Capital and reserves
Called up share capital			110,315		110,115
Profit and loss account			99,069		150,075
			_______		_______
Shareholders funds			209,384		260,190
			_______		_______

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 09 December 2019 , and are signed on behalf of the board by:

Mr S J Sartin

Director

Company registration number: 07179787

Charlton Baker Limited

Statement of changes in equity

Year ended 31 March 2019

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2017	110,115	119,371	229,486

Profit for the year		241,875	241,875
	_______	_______	_______
Total comprehensive income for the year	-	241,875	241,875

Dividends paid and payable		( 211,171)	( 211,171)
	_______	_______	_______
Total investments by and distributions to owners	-	( 211,171)	( 211,171)

	_______	_______	_______
At 31 March 2018 and 1 April 2018	110,115	150,075	260,190

Profit for the year		198,003	198,003
	_______	_______	_______
Total comprehensive income for the year	-	198,003	198,003

Issue of shares	200		200
Dividends paid and payable		( 249,009)	( 249,009)
	_______	_______	_______
Total investments by and distributions to owners	200	( 249,009)	( 248,809)

	_______	_______	_______
At 31 March 2019	110,315	99,069	209,384
	_______	_______	_______

Charlton Baker Limited

Notes to the financial statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7-7c Snuff Street, Devizes, Wiltshire, SN10 1DU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line
Combined other intangible assets	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 29 (2018: 26 ).

5. Intangible assets

	Goodwill	Other intangible assets	Total
	£	£	£
Cost
At 1 April 2018 and 31 March 2019	110,000	498,337	608,337
	_______	_______	_______
Amortisation
At 1 April 2018	52,250	226,502	278,752
Charge for the year	8,250	38,367	46,617
Impairment losses	-	3,269	3,269
	_______	_______	_______
At 31 March 2019	60,500	268,138	328,638
	_______	_______	_______
Carrying amount
At 31 March 2019	49,500	230,199	279,699
	_______	_______	_______
At 31 March 2018	57,750	271,835	329,585
	_______	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2018	139,403	139,403
Additions	14,984	14,984
	_______	_______
At 31 March 2019	154,387	154,387
	_______	_______
Depreciation
At 1 April 2018	88,538	88,538
Charge for the year	10,842	10,842
	_______	_______
At 31 March 2019	99,380	99,380
	_______	_______
Carrying amount
At 31 March 2019	55,007	55,007
	_______	_______
At 31 March 2018	50,865	50,865
	_______	_______

7. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2018	165,050	165,050
Additions	51,810	51,810
	_______	_______
At 31 March 2019	216,860	216,860
	_______	_______
Impairment
At 1 April 2018 and 31 March 2019	-	-
	_______	_______
Carrying amount
At 31 March 2019	216,860	216,860
	_______	_______
At 31 March 2018	165,050	165,050
	_______	_______

8. Debtors

	2019	2018
	£	£
Trade debtors	305,775	259,141
Other debtors	3,036	5,768
	_______	_______
	308,811	264,909
	_______	_______

9. Creditors: amounts falling due within one year

	2019	2018
	£	£
Bank loans and overdrafts	42,168	42,168
Trade creditors	30,135	28,787
Amounts owed to group undertakings and undertakings in which the company has a participating interest	124,500	104,500
Social security and other taxes	141,045	146,699
Other creditors	114,616	55,153
	_______	_______
	452,464	377,307
	_______	_______

Creditors: amounts falling due within one year The total amount of creditors for which security has been given amounted to £42,168 (2018: £42,168). Net obligations under bank loans are secured by fixed and floating charges over the undertaking and all property and assets present and future.

10. Creditors: amounts falling due after more than one year

	2019	2018
	£	£
Bank loans and overdrafts	203,442	229,579
	_______	_______

Creditors: amounts falling due after more than one year The total amount of creditors for which security has been given amounted to £203,442 (2018: £229, 579). Net obligations under bank loans are secured by fixed and floating charges over the undertaking and all property and assets present and future.