P Coates Building & Maintenance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08743250 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

P COATES BUILDING & MAINTENANCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Coates

SECRETARY:

Miss I S Ufton

REGISTERED OFFICE:

1 Station View

Moor Lane

Lower Leigh

Stoke on Trent

Staffordshire

ST10 4NX

REGISTERED NUMBER:

08743250 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Limited (Uttoxeter Branch)

The Old Bakehouse

Dove Walk

Uttoxeter

Staffordshire

ST14 8EH

FIXED ASSETS

48,869

Tangible assets

4

50,957

CURRENT ASSETS

13,380

Stocks

5

3,000

17,574

Debtors

6

48,996

35,416

Cash at bank

70,333

66,370

122,329

CREDITORS

102,566

Amounts falling due within one year

7

110,215

(36,196

)

NET CURRENT ASSETS/(LIABILITIES)

12,114

12,673

TOTAL ASSETS LESS CURRENT LIABILITIES

63,071

CREDITORS

-

Amounts falling due after more than one year

8

(10,228

)

(8,765

)

PROVISIONS FOR LIABILITIES

(9,682

)

3,908

NET ASSETS

43,161

CAPITAL AND RESERVES

100

Called up share capital

9

100

3,808

Retained earnings

43,061

3,908

SHAREHOLDERS' FUNDS

43,161

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

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

Mr P J Coates - Director

1.	STATUTORY INFORMATION

P Coates Building & Maintenance Ltd 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.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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 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.

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 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

Totals

machinery

vehicles

equipment

£

£

£

£

COST

At 1 November 2018

82,841

33,763

46,970

2,108

Additions

28,298

840

27,458

-

Disposals

(8,745

)

-

(8,745

)

-

At 31 October 2019

102,394

34,603

65,683

2,108

DEPRECIATION

At 1 November 2018

33,972

10,297

21,578

2,097

Charge for year

19,892

6,809

13,072

11

Eliminated on disposal

(2,427

)

-

(2,427

)

-

At 31 October 2019

51,437

17,106

32,223

2,108

NET BOOK VALUE

At 31 October 2019

50,957

17,497

33,460

-

At 31 October 2018

48,869

23,466

25,392

11

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

Plant and

Motor

Totals

machinery

vehicles

£

£

£

COST

At 1 November 2018

51,225

13,000

38,225

Additions

21,750

-

21,750

At 31 October 2019

72,975

13,000

59,975

DEPRECIATION

At 1 November 2018

22,184

3,033

19,151

Charge for year

12,420

2,600

9,820

At 31 October 2019

34,604

5,633

28,971

NET BOOK VALUE

At 31 October 2019

38,371

7,367

31,004

At 31 October 2018

29,041

9,967

19,074

5.

STOCKS

31.10.19

31.10.18

£

£

Stocks

3,000

3,000

Work-in-progress

-

10,380

3,000

13,380

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

37,590

9,454

VAT

9,004

5,654

Prepayments

2,402

2,466

48,996

17,574

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Hire purchase contracts

8,948

8,810

Trade creditors

23,018

25,972

Tax

8,933

1,315

Social security and other taxes

1,636

1,387

Wage Control

4,199

3,724

Pension Control

128

76

Intercompany Loan

(1,381

)

-

Directors' current accounts

64,734

61,282

110,215

102,566

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.19

31.10.18

£

£

Hire purchase contracts

10,228

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.19

31.10.18

value:

£

£

100

Ordinary A

£1

100

100