Country Hardwood Conservatories Limited - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Country Hardwood Conservatories Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M A Osborne

SECRETARY:

Mr M A Osborne

REGISTERED OFFICE:

Unit 2, Shucklow Business Park

Shucklow Hill

Little Horwood

Buckinghamshire

MK17 0PY

REGISTERED NUMBER:

06197432 (England and Wales)

FIXED ASSETS

Tangible assets

4

75,058

92,555

CURRENT ASSETS

Stocks

108,471

83,473

Debtors

5

446,139

616,559

Cash at bank and in hand

192,659

382,235

747,269

1,082,267

CREDITORS

Amounts falling due within one year

6

723,416

741,549

NET CURRENT ASSETS

23,853

340,718

TOTAL ASSETS LESS CURRENT LIABILITIES

98,911

433,273

CREDITORS

Amounts falling due after more than one year

7

(1,096

)

(8,671

)

PROVISIONS FOR LIABILITIES

(11,290

)

(13,963

)

NET ASSETS

86,525

410,639

CAPITAL AND RESERVES

Called up share capital

52

100

Capital redemption reserve

48

-

Retained earnings

86,425

410,539

SHAREHOLDERS' FUNDS

86,525

410,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 September 2019 and were signed by:

Mr M A Osborne - Director

1.	STATUTORY INFORMATION

Country Hardwood Conservatories 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 represents net invoiced sales of conservatories, excluding value added tax. Sales revenues

are recognised when the deposit is received in advance. Exceptions are non-trade sales revenues

which are recognised on despatch of the goods.

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 etc

-

25% on reducing balance

Stocks

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

and slow moving items. The directors review stock values on a regular basis, and at the end of the

financial year.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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 20 (2018 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

425,504

Additions

7,522

At 30 April 2019

433,026

DEPRECIATION

At 1 May 2018

332,949

Charge for year

25,019

At 30 April 2019

357,968

NET BOOK VALUE

At 30 April 2019

75,058

At 30 April 2018

92,555

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

50,379

58,272

Other debtors

395,760

558,287

446,139

616,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Hire purchase contracts

7,575

7,230

Trade creditors

257,123

265,656

Taxation and social security

70,732

124,428

Other creditors

387,986

344,235

723,416

741,549

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Hire purchase contracts

1,096

8,671

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.19

30.4.18

£

£

Hire purchase contracts

8,671

15,901

Hire purchase liabilities are secured on the assets to which they relate.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors repaid balances of £114,524 and £40,122 during the year.