Cara-Veranda Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04989179 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CARA-VERANDA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Smalley

S C Smalley

SECRETARY:

S C Smalley

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

04989179 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

171,554

165,406

CURRENT ASSETS

Stocks

14,452

32,208

Debtors

5

31,063

15,164

Cash at bank

49,071

49,924

94,586

97,296

CREDITORS

Amounts falling due within one year

6

161,299

169,028

NET CURRENT LIABILITIES

(66,713

)

(71,732

)

TOTAL ASSETS LESS CURRENT LIABILITIES

104,841

93,674

CREDITORS

Amounts falling due after more than one year

7

(18,923

)

(14,320

)

PROVISIONS FOR LIABILITIES

(11,129

)

(7,147

)

NET ASSETS

74,789

72,207

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

74,689

72,107

SHAREHOLDERS' FUNDS

74,789

72,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2022 and were signed on its behalf by:

........................................................................

I R Smalley - Director

........................................................................

S C Smalley - Director

1.	STATUTORY INFORMATION

Cara-Veranda 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 represents net manufactured decking and associated fitting costs, excluding discounts and value added tax.

Income is recognised when goods are delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks and work in progress

Stock and work in progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2021

133,451

110,694

244,145

Additions

-

20,835

20,835

Disposals

-

(12,500

)

(12,500

)

At 31 December 2021

133,451

119,029

252,480

DEPRECIATION

At 1 January 2021

5,345

73,394

78,739

Charge for year

1,069

7,905

8,974

Eliminated on disposal

-

(6,787

)

(6,787

)

At 31 December 2021

6,414

74,512

80,926

NET BOOK VALUE

At 31 December 2021

127,037

44,517

171,554

At 31 December 2020

128,106

37,300

165,406

Included in cost of land and buildings is freehold land of £ 80,000 (2020 - £ 80,000 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 27,533 (2020 - £ 18,694 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

28,279

15,104

Other debtors

2,784

60

31,063

15,164

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

-

1,112

Hire purchase contracts

7,300

6,200

Trade creditors

34,043

31,572

Taxation and social security

23,945

22,913

Other creditors

96,011

107,231

161,299

169,028

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Hire purchase contracts

18,923

14,320

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.21

31.12.20

£

£

Bank overdraft

-

1,112

Hire purchase contracts

26,223

20,520

26,223

21,632

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

100

Ordinary

£1

100

100