City Dampcoursing (Surveying) Limited 31/12/2021 iXBRL

City Dampcoursing (Surveying) Limited 31/12/2021 iXBRL

CITY DAMPCOURSING (SURVEYING) LIMITED - Company Information

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4 31/12/2021 2021-12-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2021-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03002573 2021-01-01 2021-12-31 03002573 2021-12-31 03002573 2020-12-31 03002573 2020-01-01 2020-12-31 03002573 2020-12-31 03002573 core:FurnitureFittingsToolsEquipment 2021-01-01 2021-12-31 03002573 core:MotorVehicles 2021-01-01 2021-12-31 03002573 bus:Director1 2021-01-01 2021-12-31 03002573 core:FurnitureFittingsToolsEquipment 2020-12-31 03002573 core:MotorVehicles 2020-12-31 03002573 core:FurnitureFittingsToolsEquipment 2021-12-31 03002573 core:MotorVehicles 2021-12-31 03002573 core:WithinOneYear 2021-12-31 03002573 core:WithinOneYear 2020-12-31 03002573 core:ShareCapital 2021-12-31 03002573 core:ShareCapital 2020-12-31 03002573 core:RetainedEarningsAccumulatedLosses 2021-12-31 03002573 core:RetainedEarningsAccumulatedLosses 2020-12-31 03002573 core:FurnitureFittingsToolsEquipment 2020-12-31 03002573 core:MotorVehicles 2020-12-31 03002573 bus:SmallEntities 2021-01-01 2021-12-31 03002573 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 03002573 bus:FullAccounts 2021-01-01 2021-12-31 03002573 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 03002573 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03002573 1 2021-01-01 2021-12-31
Company registration number: 03002573
City Dampcoursing (Surveying) Limited
Unaudited filleted financial statements
31 December 2021
City Dampcoursing (Surveying) Limited
Contents
Statement of financial position
Notes to the financial statements
City Dampcoursing (Surveying) Limited
Statement of financial position
31 December 2021
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 5 1,376 2,101
_______ _______
1,376 2,101
Current assets
Debtors 6 27,828 20,285
Cash at bank and in hand 3,566 10,183
_______ _______
31,394 30,468
Creditors: amounts falling due
within one year 7 ( 98,213) ( 46,785)
_______ _______
Net current liabilities ( 66,819) ( 16,317)
_______ _______
Total assets less current liabilities ( 65,443) ( 14,216)
_______ _______
Net liabilities ( 65,443) ( 14,216)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 65,543) ( 14,316)
_______ _______
Shareholders deficit ( 65,443) ( 14,216)
_______ _______
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2022 , and are signed on behalf of the board by:
Mr M A V Bolt
Director
Company registration number: 03002573
City Dampcoursing (Surveying) Limited
Notes to the financial statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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
At 31 December 2021 the company had excess liabilities over assets totalling £65,443. The company is dependent upon the continued financial support of the director and on the basis that this support is forthcoming, the director considers it appropriate for the financial statements to be prepared on the going concern basis.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2020: 4 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2021 and 31 December 2021 399 2,500 2,899
_______ _______ _______
Depreciation
At 1 January 2021 17 781 798
Charge for the year 100 625 725
_______ _______ _______
At 31 December 2021 117 1,406 1,523
_______ _______ _______
Carrying amount
At 31 December 2021 282 1,094 1,376
_______ _______ _______
At 31 December 2020 382 1,719 2,101
_______ _______ _______
6. Debtors
2021 2020
£ £
Trade debtors 17,353 9,531
Other debtors 10,475 10,754
_______ _______
27,828 20,285
_______ _______
7. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 2,900 1,325
Social security and other taxes 3,453 2,261
Other creditors 91,860 43,199
_______ _______
98,213 46,785
_______ _______
8. Controlling party
The company is under the control of M Bolt, a director of the company.