Canberra Wells Limited - Accounts to registrar (filleted) - small 18.2
Canberra Wells Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| FOR |
| CANBERRA WELLS LIMITED |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| CANBERRA WELLS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors and Accountants |
| Mountfield House |
| 661 High Street |
| Kingswinford |
| West Midlands |
| DY6 8AL |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| STATEMENT OF FINANCIAL POSITION |
| 30TH JUNE 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 1. | STATUTORY INFORMATION |
| Canberra Wells Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Long leasehold | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Land and buildings held and used in the Company's own activities for storage and sale of goods and administrative purposes, are stated in the statement of financial position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position. |
| Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve. Once a revalued property is sold any attributable revaluation surplus that is remaining in the revaluation reserve is transferred to retained earnings. |
| 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 statement of financial position date. |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 useful economic lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter. |
| Operating lease rentals are charged to the profit and loss account 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. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st July 2019 |
| Additions |
| At 30th June 2020 |
| DEPRECIATION |
| At 1st July 2019 |
| Charge for year |
| At 30th June 2020 |
| NET BOOK VALUE |
| At 30th June 2020 |
| At 30th June 2019 |
| Cost or valuation at 30th June 2020 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2018 | 28,098 | - | 28,098 |
| Cost | 241,902 | 307,050 | 548,952 |
| 270,000 | 307,050 | 577,050 |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If leasehold land and buildings had not been revalued they would have been included at the following historical cost: |
| 2020 | 2019 |
| £ | £ |
| Cost | 241,902 | 241,902 |
| Aggregate depreciation | 122,433 | 115,836 |
| Leasehold land and buildings were valued on an open market basis on 30 June 2018 by Sellers Chartered Surveyors. The directors consider that any change in the value is not material. |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST OR VALUATION |
| At 1st July 2019 |
| and 30th June 2020 |
| DEPRECIATION |
| At 1st July 2019 |
| Charge for year |
| At 30th June 2020 |
| NET BOOK VALUE |
| At 30th June 2020 |
| At 30th June 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts | 5,040 | 16,481 |
| Loans under hire purchase agreements are secured on the assets they relate to. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st July 2019 |
| Transfer | (2,429 | ) |
| At 30th June 2020 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Midtherm Flue Systems Limited. |
| The company is a member of the Midtherm Group. |
| Consolidated accounts may be obtained from: |
| Midtherm Flue Systems Limited |
| New Road |
| Netherton |
| Dudley |
| West Midlands |
| DY2 8SY |