Chris Branton Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06692258 (England and Wales)

Chris Branton Services Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTOR:

Mr C Branton

REGISTERED OFFICE:

9 Market Place

Hedon

East Yorkshire

HU12 8JA

REGISTERED NUMBER:

06692258 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,513

16,679

13,513

16,679

CURRENT ASSETS

Debtors

6

44,585

31,026

Cash at bank

3,215

13,246

47,800

44,272

CREDITORS

Amounts falling due within one year

7

114,981

89,466

NET CURRENT LIABILITIES

(67,181

)

(45,194

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(53,668

)

(28,515

)

CREDITORS

Amounts falling due after more than one year

8

35,655

44,787

NET LIABILITIES

(89,323

)

(73,302

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(89,423

)

(73,402

)

SHAREHOLDERS' FUNDS

(89,323

)

(73,302

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2022 and were signed by:

Mr C Branton - Director

1.	STATUTORY INFORMATION

Chris Branton Services 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Government grants

Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets. Grants related to expenses are treated as income in the profit and loss account in the period they are receivable.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2020

and 31 October 2021

10,000

AMORTISATION

At 1 November 2020

and 31 October 2021

10,000

NET BOOK VALUE

At 31 October 2021

-

At 31 October 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2020

28,753

25,090

356

54,199

Additions

1,354

-

-

1,354

Disposals

-

-

(356

)

(356

)

At 31 October 2021

30,107

25,090

-

55,197

DEPRECIATION

At 1 November 2020

24,507

12,672

341

37,520

Charge for year

1,400

3,105

-

4,505

Eliminated on disposal

-

-

(341

)

(341

)

At 31 October 2021

25,907

15,777

-

41,684

NET BOOK VALUE

At 31 October 2021

4,200

9,313

-

13,513

At 31 October 2020

4,246

12,418

15

16,679

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

39,248

25,522

Prepayments

5,337

5,504

44,585

31,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

14,578

7,795

Trade creditors

2,859

2,323

Tax

42

42

Social security and other taxes

17,692

8,921

VAT

16,684

7,850

Directors' current accounts

61,204

60,771

Accruals

1,922

1,764

114,981

89,466

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

9,223

8,992

Bank loans - 2-5 years

26,432

28,364

Bank loans more 5 yr by instal

-

7,431

35,655

44,787

2021

2020

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

7,431

9.	GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £89,323. The applicability of going concern is dependent on upon the continued support of the director and other creditors. There are no indications that this support will cease.