CULLEN UTILITIES LIMITED

CULLEN UTILITIES LIMITED

CULLEN UTILITIES LIMITED - Company Information

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CULLEN UTILITIES LIMITED

Company Registration Number:
10710354 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2020

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

CULLEN UTILITIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2020

Balance sheet
Notes

CULLEN UTILITIES LIMITED

Balance sheet

As at 30 April 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 82,041 24,574
Total fixed assets: 82,041 24,574
Current assets
Debtors:   37,221 11,108
Cash at bank and in hand: 19,300 10,319
Total current assets: 56,521 21,427
Creditors: amounts falling due within one year:   (51,064) (14,704)
Net current assets (liabilities): 5,457 6,723
Total assets less current liabilities: 87,498 31,297
Creditors: amounts falling due after more than one year:   (3,313) 0
Provision for liabilities: (15,588) (3,819)
Total net assets (liabilities): 68,597 27,478
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 68,596 27,477
Shareholders funds: 68,597 27,478

The notes form part of these financial statements

CULLEN UTILITIES LIMITED

Balance sheet statements

For the year ending 30 April 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2020
and signed on behalf of the board by:

Name: Mr R Cullen
Status: Director

The notes form part of these financial statements

CULLEN UTILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write of the cost or valuation of assets less their residual values over their useful lives on the following bases:Plant and Equipment 20% reducing balanceFixtures and fittings 15% reducing balanceMotor Vehicles 25% reducing balance

CULLEN UTILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

2. Employees

2020 2019
Average number of employees during the period 2 1

CULLEN UTILITIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

3. Tangible Assets

Total
Cost £
At 01 May 2019 33,555
Additions 75,925
Disposals (10,000)
At 30 April 2020 99,480
Depreciation
At 01 May 2019 8,981
Charge for year 10,958
On disposals (2,500)
At 30 April 2020 17,439
Net book value
At 30 April 2020 82,041
At 30 April 2019 24,574