Company Registration No. 05875241 (England and Wales)
CDB Building Services Limited
Unaudited Financial Statements
for the year ended 31 March 2020
CDB Building Services Limited
Unaudited Financial Statements
Contents
CDB Building Services Limited
Company Information
for the year ended 31 March 2020
Company Number
05875241 (England and Wales)
Registered Office
11 Courtfield
Tetbury
Gloucestershire
GL8 8LF
Accountants
Business Support Services (Gloucestershire) Limited
42 Leaside Close
Cam
Gloucestershire
GL11 5SH
CDB Building Services Limited
Statement of financial position
as at 31 March 2020
Tangible assets
10,887
13,594
Cash at bank and in hand
27,234
28,658
Creditors: amounts falling due within one year
(48,880)
(55,128)
Net current assets
3,011
10,801
Total assets less current liabilities
13,898
24,395
Creditors: amounts falling due after more than one year
-
(4,122)
Provisions for liabilities
Deferred tax
(2,069)
(2,583)
Called up share capital
1,000
1,000
Profit and loss account
10,829
16,690
Shareholders' funds
11,829
17,690
For the year ending 31 March 2020 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 11 May 2020.
Mr N J Ball
Director
Company Registration No. 05875241
CDB Building Services Limited
Notes to the Accounts
for the year ended 31 March 2020
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.
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 2020
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
2,863
45,340
2,377
50,580
Disposals
(259)
(7,184)
(1,924)
(9,367)
At 31 March 2020
3,911
38,156
453
42,520
At 1 April 2019
1,834
33,293
1,859
36,986
Charge for the year
348
2,964
5
3,317
On disposals
(244)
(6,993)
(1,433)
(8,670)
At 31 March 2020
1,938
29,264
431
31,633
At 31 March 2020
1,973
8,892
22
10,887
At 31 March 2019
1,029
12,047
518
13,594
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Trade debtors
18,962
4,737
Accrued income and prepayments
1,695
32,034
7
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
-
2,606
Trade creditors
32,662
25,378
Taxes and social security
4,559
10,057
Other creditors
1,854
3,997
Loans from directors
9,805
12,730
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 2020
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
-
4,122
9
Deferred taxation
2020
2019
Accelerated capital allowances
2,069
2,583
Provision at start of year
2,583
3,321
Credited to the profit and loss account
(514)
(738)
Provision at end of year
2,069
2,583
10
Average number of employees
During the year the average number of employees was 9 (2019: 9).
