Cema Clayton Consortium Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09204694 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2019

FOR

CEMA CLAYTON CONSORTIUM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Christopher Paul Bramall

Frank Ciaurro

SECRETARY:

Daniel Steven Waddington

REGISTERED OFFICE:

Westhorpe Works Halifax Road

Penistone

Sheffield

South Yorkshire

S36 7EY

REGISTERED NUMBER:

09204694 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

7 Wellington Road East

Dewsbury

West Yorkshire

WF13 1HF

CURRENT ASSETS

Debtors

4

1,114,741

619,728

Cash at bank

7,711

-

1,122,452

619,728

CREDITORS

Amounts falling due within one year

5

1,122,450

619,726

NET CURRENT ASSETS

2

2

TOTAL ASSETS LESS CURRENT LIABILITIES

2

2

CAPITAL AND RESERVES

Called up share capital

2

2

SHAREHOLDERS' FUNDS

2

2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 5 February 2020 and were signed on its behalf by:

Christopher Paul Bramall - Director

1.	STATUTORY INFORMATION

Cema Clayton Consortium 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Income recognition

Income is recognised when services have been completed and goods have been delivered to customers such that the

risks and rewards of ownership have transferred to them.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

1,114,740

619,727

Amounts owed by related parties

1

1

1,114,741

619,728

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to related parties

1,114,384

619,726

Other creditors

8,066

-

1,122,450

619,726

6.	RELATED PARTY DISCLOSURES

Clayton & Co (Penistone) Limited owns 50% of the share capital of Cema Clayton Consortium Limited. As at 31

May 2019 £1 (2018: £1) was owed from Clayton & Co (Penistone) Limited to Cema Clayton Consortium Limited.

Cema Limited owns 50% of the share capital of Cema Clayton Consortium Limited. During the year ended 31 May

2019 Cema Limited made sales to Cema Clayton Consortium Limited of £1,170,785 (2018: £1,069,298). As at 31

May 2019 £103,587 (2018: £4,276) was owed to Cema Limited from Cema Clayton Consortium Limited.

Clayton Project Engineering Limited is a 100% subsidiary of Clayton & Co (Penistone) Limited. During the year

ended 31 May 2019 Clayton Project Engineering Limited made sales to Cema Clayton Consortium Limited of

£6,025,587 (2018: £4,255,188). As at 31 May 2019 £101,995 (2018: £374,268) was owed to Clayton Project

Engineering Limited from Cema Clayton Consortium Limited.

Clayton M&E Services Limited is a 100% subsidiary of Clayton & Co (Penistone) Limited. During the year ended

31 May 2019 Clayton M&E Services Limited made sales to Cema Clayton Consortium Limited of £26,224 (2018:

£2,791). As at 31 May 2019 £Nil (2018: £2,649) was owed to Clayton M&E Services Limited from Cema Clayton

Consortium Limited.

Viking Pumps Limited is a subsidiary of Cema Limited. During the year ended 31 May 2019 Viking Pumps

Limited made sales to Cema Clayton Consortium Limited of £5,351,677 (2018: £1,768,126). As at 31 May 2019

£908,801 (2018: £238,532) was owed to Viking Pumps Limited from Cema Clayton Consortium Limited.

Warboys Services Limited is a subsidiary of Cema Limited. During the year ended 31 May 2019 Warboys Services

Limited made sales of £Nil (2018: £29,592).