Crabtree & Crabtree (Headcorn) Limited Filleted accounts for Companies House (small and micro)

CRABTREE & CRABTREE (HEADCORN) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08999413

Crabtree & Crabtree (Headcorn) Limited

Filleted Unaudited Financial Statements

30 April 2020

Crabtree & Crabtree (Headcorn) Limited

Financial Statements

Year ended 30 April 2020

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Crabtree & Crabtree (Headcorn) Limited

Statement of Financial Position

30 April 2020

	2020		2019
Note	£	£	£

Current assets

Debtors	5	276,175	303,386
Cash at bank and in hand		84,728	85,899
		---------	---------
		360,903	389,285

Creditors: amounts falling due within one year	6	335,670		372,213
		---------		---------
Net current assets			25,233	17,072
			--------	--------
Total assets less current liabilities			25,233	17,072
			--------	--------
Net assets			25,233	17,072
			--------	--------

Capital and reserves

Called up share capital	200	200
Profit and loss account	25,033	16,872
	--------	--------
Shareholders funds	25,233	17,072
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 30 April 2021 , and are signed on behalf of the board by:

Mr J R Brett

Director

Company registration number: 08999413

Crabtree & Crabtree (Headcorn) Limited

Notes to the Financial Statements

Year ended 30 April 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared under the going concern basis which assumes the company will continue in existence for the foreseeable future. The directors have prepared financial forecasts for the business and have a reasonable expectation that the company will be able to meet its liabilities as they fall due.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year, including the directors, amounted to 5 (2019: 5).

5. Debtors

	2020	2019
	£	£
Other debtors	276,175	303,386
	---------	---------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	5,808	3,978
Corporation tax	1,914	70,494
Social security and other taxes	1,061	–
Other creditors	326,887	297,741
	---------	---------
	335,670	372,213
	---------	---------

7. Directors' advances, credits and guarantees

At the year end a director owed the company £209,688 (2019: £204,574). During the year advances of £nil (2019: £199,999) were made to the director and no repayments (2019: £nil) were made by the director. Interest of £5,114 (2019: £4,575) was charged on the loan at a rate of 2.5%.

8. Related party transactions

At the year end the company owed £326,487 (2019: £297,545) to entities with common control.