CW Fabrications Liverpool Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07611329 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2021

for

CW Fabrications Liverpool Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

F Charnock

REGISTERED OFFICE:

Unit 4 & 5

Crosby House

Bootle

Liverpool

Merseyside

L20 1AF

REGISTERED NUMBER:

07611329 (England and Wales)

ACCOUNTANTS:

Holland & Co. Chartered Accountants

102/104 Widnes Road

Widnes

Cheshire

WA8 6AX

FIXED ASSETS

Intangible assets

4

14,300

15,400

Tangible assets

5

5,046

5,170

19,346

20,570

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

6

2,915

13,643

Cash at bank and in hand

8,986

(1,474

)

13,401

13,669

CREDITORS

Amounts falling due within one year

7

9,333

16,486

NET CURRENT ASSETS/(LIABILITIES)

4,068

(2,817

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,414

17,753

CREDITORS

Amounts falling due after more than one year

8

20,023

7,757

NET ASSETS

3,391

9,996

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,291

9,896

SHAREHOLDERS' FUNDS

3,391

9,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st March 2022 and were signed by:

F Charnock - Director

1.	STATUTORY INFORMATION

CW Fabrications Liverpool Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

20% on cost

Stocks

Stocks are 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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2020

and 30th April 2021

22,000

AMORTISATION

At 1st May 2020

6,600

Charge for year

1,100

At 30th April 2021

7,700

NET BOOK VALUE

At 30th April 2021

14,300

At 30th April 2020

15,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2020

and 30th April 2021

8,410

DEPRECIATION

At 1st May 2020

3,240

Charge for year

124

At 30th April 2021

3,364

NET BOOK VALUE

At 30th April 2021

5,046

At 30th April 2020

5,170

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

-

6,254

Other debtors

2,915

7,389

2,915

13,643

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans and overdrafts

-

3,955

Hire purchase contracts

2,734

2,734

Taxation and social security

3,958

8,791

Other creditors

2,641

1,006

9,333

16,486

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Hire purchase contracts

5,023

7,757

Other creditors

15,000

-

20,023

7,757

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £9,504 (2020 - £18,554) were paid to the directors .

In other creditors, £1,305.60 is owing to Mr F Charnock in the form of a directors loan account at the Year Ended 30th April 2021. At the Year Ended 30th April 2020 the balance was £0.00.

No interest is to be charged on the loans, but they are repayable on demand.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CW Fabrications Liverpool Ltd for the year ended 30th April 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of CW Fabrications Liverpool Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CW Fabrications Liverpool Ltd and state those matters that we have agreed to state to the director of CW Fabrications Liverpool Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CW Fabrications Liverpool Ltd and its director for our work or for this report.

It is your duty to ensure that CW Fabrications Liverpool Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CW Fabrications Liverpool Ltd. You consider that CW Fabrications Liverpool Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CW Fabrications Liverpool Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Holland & Co. Chartered Accountants

102/104 Widnes Road

Widnes

Cheshire

WA8 6AX

Date: .............................................