CJW Interiors & Property Maintenance (Essex) Ltd Company accounts
CJW Interiors & Property Maintenance (Essex) Ltd Company accounts
COMPANY REGISTRATION NUMBER:
07846720
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Financial Statements |
Year ended 31 March 2019
Contents |
Page |
Directors' report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 |
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Directors' Report |
Year ended 31 March 2019
The directors present their report and the unaudited financial statements of the company for the year ended
31 March 2019
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Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
23 December 2019
and signed on behalf of the board by:
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Director |
Registered office: |
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Statement of Income and Retained Earnings |
Year ended 31 March 2019
2019 |
2018 |
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Note |
£ |
£ |
Turnover |
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Cost of sales |
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-------- |
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Gross profit |
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Administrative expenses |
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-------- |
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Operating profit |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
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– |
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Profit before taxation |
5 |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
6 |
(
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(
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Retained earnings at the start of the year |
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Retained (losses)/earnings at the end of the year |
(
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
7 |
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Current assets
Debtors |
8 |
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Cash at bank and in hand |
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------- |
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Creditors: amounts falling due within one year |
9 |
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Net current (liabilities)/assets |
(
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---- |
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Total assets less current liabilities |
(
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Net (liabilities)/assets |
(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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------- |
---- |
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Shareholders (deficit)/funds |
(
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Directors' responsibilities:
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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
;
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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 financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
07846720
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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 Howells Farm Offices, Maypole Road, Nr Maldon, Essex, CM9 4SY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
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:
Plant and machinery |
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Impairment of fixed assets
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. For the purposes of impairment testing, 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 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2018:
3
).
5.
Profit before taxation
Profit before taxation is stated after charging:
2019 |
2018 |
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£ |
£ |
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Depreciation of tangible assets |
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6.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2019 |
2018 |
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£ |
£ |
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Dividends on ordinary A shares |
– |
3,000
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Dividends paid on ordinary B shares |
– |
3,000
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Dividends paid on ordinary C shares |
14,500
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8,000
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7.
Tangible assets
Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 1 April 2018 and 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
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------- |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
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------- |
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At 31 March 2018 |
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8.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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------- |
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9.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Other creditors |
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10.
Related party transactions
The company was under the control of the directors throughout the current and previous year by virtue of their shareholding. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8