Canberra Wells Limited - Accounts to registrar (filleted) - small 18.2
Canberra Wells Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| FOR |
| CANBERRA WELLS LIMITED |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| CANBERRA WELLS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors and Accountants |
| Mountfield House |
| 661 High Street |
| Kingswinford |
| West Midlands |
| DY6 8AL |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| STATEMENT OF FINANCIAL POSITION |
| 30TH JUNE 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| 1. | STATUTORY INFORMATION |
| Canberra Wells Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The comparative figures cover the nine month period to 30 June 2018. The company's full share capital was |
| purchased on 1 October 2017 by Midtherm Flue Systems Limited and as a result, the accounting period was |
| shortened in order to co-terminate with the accounting reference date of the company's new holding company. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Long leasehold | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Land and buildings held and used in the Company's own activities for storage and sale of goods and |
| administrative purposes, are stated in the statement of financial position at their revalued amounts. The revalued |
| amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses |
| subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially |
| differ from using the fair value at the date of the statement of financial position. |
| Any revaluation increase or decrease om land and buildings is credited to the property revaluation reserve. Once |
| a revalued property is sold any attributable revaluation surplus that is remaining in the revaluation reserve is |
| transferred to retained earnings. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their useful economic lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is shorter. |
| Operating lease rentals are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st July 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30th June 2019 |
| DEPRECIATION |
| At 1st July 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30th June 2019 |
| NET BOOK VALUE |
| At 30th June 2019 |
| At 30th June 2018 |
| Cost or valuation at 30th June 2019 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2018 | 28,098 | - | 28,098 |
| Cost | 241,902 | 288,091 | 529,993 |
| 270,000 | 288,091 | 558,091 |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If leasehold land and buildings had not been revalued they would have been included at the following historical |
| cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 241,902 | 241,902 |
| Aggregate depreciation | 115,836 | 115,836 |
| Leasehold land and buildings were valued on an open market basis on 30 June 2018 by Sellers Chartered |
| Surveyors. The directors consider that any change in the value is not material. |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST OR VALUATION |
| At 1st July 2018 |
| and 30th June 2019 |
| DEPRECIATION |
| At 1st July 2018 |
| Charge for year |
| At 30th June 2019 |
| NET BOOK VALUE |
| At 30th June 2019 |
| At 30th June 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts | 16,481 | 26,163 |
| Loans under hire purchase agreements are secured on the assets they relate to. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st July 2018 |
| Deferred taxation | (2,429 | ) |
| At 30th June 2019 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Midtherm Flue Systems Limited. |
| The company is a member of the Midtherm Group. |
| Consolidated accounts may be obtained from: |
| Midtherm Flue Systems Limited |
| New Road |
| Netherton |
| Dudley |
| West Midlands |
| DY2 8SY |