CCP (HVAC) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08872152 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

CCP (HVAC) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B L Fisk

REGISTERED OFFICE:

Five Ways

57/59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

REGISTERED NUMBER:

08872152 (England and Wales)

ACCOUNTANTS:

SRG Newmans Limited

Five Ways

57-59 Hatfield Road

Potters Bar

Hertfordshire

EN6 1HS

FIXED ASSETS

Tangible assets

4

146

565

CURRENT ASSETS

Debtors

5

2,681,285

818,636

Cash at bank and in hand

17,129

78,715

2,698,414

897,351

CREDITORS

Amounts falling due within one year

6

3,100,029

1,300,468

NET CURRENT LIABILITIES

(401,615

)

(403,117

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(401,469

)

(402,552

)

CREDITORS

Amounts falling due after more than one year

7

23,203

874

NET LIABILITIES

(424,672

)

(403,426

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(424,872

)

(403,626

)

SHAREHOLDERS' FUNDS

(424,672

)

(403,426

)

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

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

Mr B L Fisk - Director

1.	STATUTORY INFORMATION

CCP (HVAC) 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.

Computer equipment

-

33% on cost

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

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 10 (2018 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2018

and 31 July 2019

3,187

DEPRECIATION

At 1 August 2018

2,622

Charge for year

419

At 31 July 2019

3,041

NET BOOK VALUE

At 31 July 2019

146

At 31 July 2018

565

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

752,816

544,602

CCS (HVAC) Ltd

256,422

179,106

Other debtors

2,600

1,276

Partnership net current assets

93,652

93,652

2nd forward agreement

1,575,795

-

2,681,285

818,636

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

476

Trade creditors

227,516

162,369

Taxation and social security

44,648

45,614

Other creditors

2,827,865

1,092,009

3,100,029

1,300,468

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

23,203

874

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2019 and the

period ended 31 July 2018:

2019

2018

£

£

Mr B L Fisk

Balance outstanding at start of year

(1,060,820

)

(774,059

)

Amounts advanced

45,151

483,777

Amounts repaid

(203,873

)

(770,538

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,219,542

)

(1,060,820

)

During the year B Fisk, the director of the company, advanced £203,872.90 to the company and

withdrew £41,151. The balance outstanding at the balance sheet date, which is included within Other

creditors, amounted to £1,219,542 (2018: £1,060,820).

At the accounting date, there was an amount of £1,575,795 plus a Supplement owing by the Director

to the Company under a Forward Agreement. The amount has been settled by the Director

subsequently.

9.	POST BALANCE SHEET EVENTS

At a future date, the Company may agree with the Director and GBF that the Company's rights under

the 2nd Forward Agreement and obligations under the 1st Forward Agreement will be assigned

respectively to GBF and to the Director by way of Assignment Agreement.