Cotswold Containers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11863503 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6 MARCH 2019 TO 31 MARCH 2020

FOR

COTSWOLD CONTAINERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H W Bentall

Mrs C D Bentall

REGISTERED OFFICE:

Lawnswood

Church Lane

Toddington

Gloucestershire

GL54 5DQ

REGISTERED NUMBER:

11863503 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

Chartered Accountants

Malvern View Business Park

Stella Way

Bishops Cleeve

Cheltenham

Gloucestershire

GL52 7DQ

FIXED ASSETS

Tangible assets

4

29,569

CURRENT ASSETS

Debtors

5

1,619

Cash at bank

27,801

29,420

CREDITORS

Amounts falling due within one year

6

(58,630

)

NET CURRENT LIABILITIES

(29,210

)

TOTAL ASSETS LESS CURRENT LIABILITIES

359

CAPITAL AND RESERVES

Called up share capital

40

Retained earnings

319

SHAREHOLDERS' FUNDS

359

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 August 2020 and were signed on its behalf by:

H W Bentall - Director

Mrs C D Bentall - Director

1.	STATUTORY INFORMATION

Cotswold Containers 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.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

Containers

machinery

equipment

Totals

£

£

£

£

COST

Additions

33,265

4,801

1,169

39,235

At 31 March 2020

33,265

4,801

1,169

39,235

DEPRECIATION

Charge for period

8,316

960

390

9,666

At 31 March 2020

8,316

960

390

9,666

NET BOOK VALUE

At 31 March 2020

24,949

3,841

779

29,569

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,619

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

14,141

Other creditors

44,489

58,630