Company Registration No. 05875241 (England and Wales)
CDB Building Services Limited
Unaudited Financial Statements
for the year ended 31 March 2019
CDB Building Services Limited
Unaudited Financial Statements
Contents
CDB Building Services Limited
Company Information
for the year ended 31 March 2019
Company Number
05875241 (England and Wales)
Registered Office
11 Courtfield
Tetbury
Gloucestershire
GL8 8LF
Accountants
Business Support Services (Gloucestershire) Limited
1st Floor, The Priory
Long Street
Dursley
Gloucestershire
GL11 4HR
CDB Building Services Limited
Statement of financial position
as at 31 March 2019
Tangible assets
13,594
17,479
Cash at bank and in hand
28,658
10,513
Creditors: amounts falling due within one year
(55,128)
(52,482)
Net current assets
10,801
8,157
Total assets less current liabilities
24,395
25,636
Creditors: amounts falling due after more than one year
(4,122)
(6,154)
Provisions for liabilities
Deferred tax
(2,583)
(3,321)
Called up share capital
1,000
1,000
Profit and loss account
16,690
15,161
Shareholders' funds
17,690
16,161
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 December 2019.
Mr N J Ball
Director
Company Registration No. 05875241
CDB Building Services Limited
Notes to the Accounts
for the year ended 31 March 2019
CDB Building Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05875241. The registered office is 11 Courtfield, Tetbury, Gloucestershire, GL8 8LF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
CDB Building Services Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
2,346
45,340
2,377
50,063
At 31 March 2019
2,863
45,340
2,377
50,580
At 1 April 2018
1,577
29,277
1,730
32,584
Charge for the year
257
4,016
129
4,402
At 31 March 2019
1,834
33,293
1,859
36,986
At 31 March 2019
1,029
12,047
518
13,594
At 31 March 2018
769
16,063
647
17,479
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
6,354
8,472
Trade debtors
4,737
48,783
Accrued income and prepayments
32,034
843
7
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
2,606
4,790
Trade creditors
25,378
12,008
Taxes and social security
10,057
6,632
Other creditors
3,997
2,142
Loans from directors
12,730
25,160
Loans from directors are unsecured, interest free and have no set repayment date.
CDB Building Services Limited
Notes to the Accounts
for the year ended 31 March 2019
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
4,122
6,154
9
Deferred taxation
2019
2018
Accelerated capital allowances
2,583
3,321
Provision at start of year
3,321
-
(Credited)/charged to the profit and loss account
(738)
3,321
Provision at end of year
2,583
3,321
10
Average number of employees
During the year the average number of employees was 9 (2018: 9).
