Cheshire Spray Painting Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10078218 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

CHESHIRE SPRAY PAINTING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R T Frampton

Mrs S E Frampton

REGISTERED OFFICE:

Unit 11

Brook Street Mill

Goodall Street

Macclesfield

Cheshire

SK11 7BD

REGISTERED NUMBER:

10078218 (England and Wales)

ACCOUNTANTS:

Hanleys

Chartered Accountants

Spring Court

Spring Road

Hale

Altrincham

Cheshire

WA14 2UQ

FIXED ASSETS

Tangible assets

4

3,082

5,648

CURRENT ASSETS

Debtors

5

3,639

3,514

Cash at bank

345

287

3,984

3,801

CREDITORS

Amounts falling due within one year

6

4,717

1,527

NET CURRENT (LIABILITIES)/ASSETS

(733

)

2,274

TOTAL ASSETS LESS CURRENT LIABILITIES

2,349

7,922

PROVISIONS FOR LIABILITIES

586

999

NET ASSETS

1,763

6,923

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,761

6,921

1,763

6,923

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 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 11 September 2020 and were signed on its behalf by:

J R T Frampton - Director

1.	STATUTORY INFORMATION

Cheshire Spray Painting 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.

Plant and machinery

-

50% on cost

Fixtures and fittings

-

50% on cost

Computer equipment

-

50% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2019

1,429

8,709

769

10,907

Additions

-

100

-

100

At 31 March 2020

1,429

8,809

769

11,007

DEPRECIATION

At 1 April 2019

1,429

3,061

769

5,259

Charge for year

-

2,666

-

2,666

At 31 March 2020

1,429

5,727

769

7,925

NET BOOK VALUE

At 31 March 2020

-

3,082

-

3,082

At 31 March 2019

-

5,648

-

5,648

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

3,639

1,389

Other debtors

-

2,125

3,639

3,514

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Taxation and social security

1,546

183

Other creditors

3,171

1,344

4,717

1,527