Contron Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03998377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Contron Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Hilliard

D G Bolton

N J Holman

J P Weibel

REGISTERED OFFICE:

Unit 12

Ghyll Road Industrial Estate

Heathfield

East Sussex

TN21 8AW

REGISTERED NUMBER:

03998377 (England and Wales)

ACCOUNTANTS:

Warren House Accountants Limited

4 The Courtyard

Holmsted Farm

Staplefield Road

Haywards Heath

RH17 5JF

FIXED ASSETS

Tangible assets

4

6,307

5,036

CURRENT ASSETS

Debtors

5

26,100

68,870

Cash at bank and in hand

19,762

23,063

45,862

91,933

CREDITORS

Amounts falling due within one year

6

35,961

61,766

NET CURRENT ASSETS

9,901

30,167

TOTAL ASSETS LESS CURRENT LIABILITIES

16,208

35,203

PROVISIONS FOR LIABILITIES

8

260

265

NET ASSETS

15,948

34,938

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

14,948

33,938

SHAREHOLDERS' FUNDS

15,948

34,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 23 April 2021 and were signed on its behalf by:

N J Holman - Director

S J Hilliard - Director

1.	STATUTORY INFORMATION

Contron 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which has been applied consistently.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

16.67% per annum of net book value

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2020

24,479

65,184

1,537

4,221

95,421

Additions

-

3,111

-

-

3,111

At 31 December 2020

24,479

68,295

1,537

4,221

98,532

DEPRECIATION

At 1 January 2020

24,479

60,465

1,372

4,069

90,385

Charge for year

-

1,761

41

38

1,840

At 31 December 2020

24,479

62,226

1,413

4,107

92,225

NET BOOK VALUE

At 31 December 2020

-

6,069

124

114

6,307

At 31 December 2019

-

4,719

165

152

5,036

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

19,650

49,017

Tax

-

8,694

Prepayments and accrued income

6,450

11,159

26,100

68,870

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

8,794

17,906

Amounts owed to group undertakings

5,000

16,000

Social security and other taxes

1,110

3,738

VAT

15,742

11,605

Other creditors

443

637

Directors' current accounts

616

6,616

Accruals and deferred income

4,256

5,264

35,961

61,766

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.20

31.12.19

£

£

Within one year

9,193

30,866

Between one and five years

6,504

15,698

15,697

46,564

8.	PROVISIONS FOR LIABILITIES

31.12.20

31.12.19

£

£

Deferred tax

260

265

Deferred

tax

£

Balance at 1 January 2020

265

Provided during year

(5

)

Balance at 31 December 2020

260

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the statement of financial position date, the company was owed by the director S J Hilliard £616 (2019: £6,616). The loans are unsecured, interest free and not subject to any specific repayment terms.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

The Alchemy Automation Group Ltd is the company's ultimate parent company.