Cotswold Chemicals & Lubricants Limited Filleted accounts for Companies House (small and micro)
Cotswold Chemicals & Lubricants Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03756592
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2019 |
2018 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
Intangible assets |
5 |
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Tangible assets |
6 |
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CURRENT ASSETS
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
– |
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PROVISIONS
Taxation including deferred tax |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Share premium account |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
13 August 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
03756592
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 30 SEPTEMBER 2019
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 1, Lorridge Farm Estate, Berkeley Heath, Berkeley, GL13 9EU, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Foreign currencies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2018:
10
).
5.
Intangible assets
£ |
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Cost |
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At 1 October 2018 and 30 September 2019 |
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Amortisation |
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At 1 October 2018 |
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Charge for the year |
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At 30 September 2019 |
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Carrying amount |
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At 30 September 2019 |
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At 30 September 2018 |
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6.
Tangible assets
£ |
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Cost |
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At 1 October 2018 |
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Additions |
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Disposals |
(
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At 30 September 2019 |
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Depreciation |
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At 1 October 2018 |
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Charge for the year |
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Disposals |
(
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At 30 September 2019 |
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Carrying amount |
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At 30 September 2019 |
32,455 |
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At 30 September 2018 |
62,148 |
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7.
Directors' advances, credits and guarantees