Coldstore Construction Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06833495 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

COLDSTORE CONSTRUCTION SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C D Bemand

SECRETARY:

C D Bemand

REGISTERED OFFICE:

Unit 1A

Leadon Court

Fromes Hill

Ledbury

Herefordshire

HR8 1HT

REGISTERED NUMBER:

06833495 (England and Wales)

ACCOUNTANTS:

Treneer & Co

7 Gazala Drive

Norton

Worcester

Worcestershire

WR5 2SF

FIXED ASSETS

Tangible assets

4

681,075

140,240

CURRENT ASSETS

Stocks

83,740

217,953

Debtors

5

646,355

944,341

Cash at bank

-

111,211

730,095

1,273,505

CREDITORS

Amounts falling due within one year

6

505,624

796,727

NET CURRENT ASSETS

224,471

476,778

TOTAL ASSETS LESS CURRENT LIABILITIES

905,546

617,018

CREDITORS

Amounts falling due after more than one year

7

(301,709

)

(119,709

)

PROVISIONS FOR LIABILITIES

(26,646

)

(26,646

)

NET ASSETS

577,191

470,663

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

577,091

470,563

SHAREHOLDERS' FUNDS

577,191

470,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 and authorised for issue on 4 June 2020 and were signed by:

C D Bemand - Director

1.	STATUTORY INFORMATION

Coldstore Construction Services 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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

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 estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

219,401

Additions

600,855

At 31 March 2020

820,256

DEPRECIATION

At 1 April 2019

79,161

Charge for year

60,020

At 31 March 2020

139,181

NET BOOK VALUE

At 31 March 2020

681,075

At 31 March 2019

140,240

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2019

114,015

Additions

365,832

At 31 March 2020

479,847

DEPRECIATION

At 1 April 2019

24,323

Charge for year

38,357

At 31 March 2020

62,680

NET BOOK VALUE

At 31 March 2020

417,167

At 31 March 2019

89,692

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

440,200

717,294

Other debtors

206,155

227,047

646,355

944,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

41,913

7,639

Hire purchase contracts

108,032

18,848

Trade creditors

335,806

620,846

Taxation and social security

9,541

145,152

Other creditors

10,332

4,242

505,624

796,727

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

262,809

61,683

Other creditors

38,900

58,026

301,709

119,709

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the director, who owns all the issued share capital.