Caselton Clark Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06283911 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Caselton Clark Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T South

T G South

C C Brazier

SECRETARY:

M T South

REGISTERED OFFICE:

Building 1

Chalfont Park

Gerrards Cross

Buckinghamshire

SL9 0BG

REGISTERED NUMBER:

06283911 (England and Wales)

ACCOUNTANTS:

Myers & Co Accountants Limited

Suite 204A, East Wing

Sterling House

Langston Road

Loughton

Essex

IG10 3TS

FIXED ASSETS

Tangible assets

4

5,575

17,030

CURRENT ASSETS

Debtors

5

40,269

183,503

Cash at bank

46,514

67,596

86,783

251,099

CREDITORS

Amounts falling due within one year

6

71,707

130,580

NET CURRENT ASSETS

15,076

120,519

TOTAL ASSETS LESS CURRENT LIABILITIES

20,651

137,549

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

20,551

137,449

SHAREHOLDERS' FUNDS

20,651

137,549

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 9 December 2020 and were signed on its behalf by:

M T South - Director

T G South - Director

C C Brazier - Director

1.	STATUTORY INFORMATION

Caselton Clark 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 etc

-

25% on reducing balance and 20% 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 11 (2019 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

66,435

Additions

3,799

Disposals

(61,682

)

At 31 March 2020

8,552

DEPRECIATION

At 1 April 2019

49,405

Charge for year

3,976

Eliminated on disposal

(50,404

)

At 31 March 2020

2,977

NET BOOK VALUE

At 31 March 2020

5,575

At 31 March 2019

17,030

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

33,053

171,663

Other debtors

7,216

11,840

40,269

183,503

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

2,267

1,804

Trade creditors

3,963

(75

)

Taxation and social security

55,942

123,099

Other creditors

9,535

5,752

71,707

130,580