CN Seeds Limited Filleted accounts for Companies House (small and micro)
CN Seeds Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04783634
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For the year ended |
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Investments |
7 |
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Current assets
Stocks |
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Debtors |
8 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
9 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
10 |
– |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' 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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 July 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
04783634
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Notes to the Financial Statements |
Year ended 31 October 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Main Street, Pymoor, Ely, CB6 2ED.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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Software costs |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Tangible assets
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:
Freehold land and buildings |
- |
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Motor vehicles |
- |
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Plant, machinery and equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Finance leases and hire purchase contracts
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
36
(2019:
38
).
5.
Intangible assets
Goodwill |
Software |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 2019 |
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Additions |
– |
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-------- |
--------- |
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At 31 October 2020 |
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Amortisation |
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At 1 November 2019 |
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Charge for the year |
– |
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-------- |
--------- |
--------- |
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At 31 October 2020 |
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-------- |
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Carrying amount |
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At 31 October 2020 |
– |
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-------- |
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At 31 October 2019 |
– |
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-------- |
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6.
Tangible assets
Land and buildings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 November 2019 |
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Additions |
– |
– |
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Disposals |
– |
(
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(
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(
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--------- |
-------- |
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At 31 October 2020 |
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Depreciation |
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At 1 November 2019 |
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Charge for the year |
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Disposals |
– |
(
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(
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(
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--------- |
-------- |
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At 31 October 2020 |
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--------- |
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Carrying amount |
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At 31 October 2020 |
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At 31 October 2019 |
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7.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 November 2019 and 31 October 2020 |
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---- |
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Impairment |
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At 1 November 2019 and 31 October 2020 |
– |
---- |
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Carrying amount |
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At 31 October 2020 |
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---- |
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At 31 October 2019 |
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---- |
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8.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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The debtors above include the following amounts falling due after more than one year:
2020 |
2019 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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--------- |
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9.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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------------ |
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Included within the liabilities disclosed above under other creditors is an amount of £46,870 (2019: £140,661) for which security over the assets to which the liability relates has been given.
10.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
|
£ |
£ |
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Other creditors |
– |
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Included within the liabilities disclosed above under other creditors is an amount of £Nil (2019: £46,870) for which security over the assets to which the liability relates has been given.
11.
Directors' advances, credits and guarantees
During the year the company operated a loan account on behalf of a director:
2020 | 2019 | ||
£ | £ | ||
Advances | 254,761 | 1,320,179 | |
Repayments | 710,720 | 1,065,685 | |
Amounts due from the director | – | 455,959 | |
Interest has been charged at the official HMRC rate. During the year the company operated a loan account on behalf of a director:
2020 | 2019 | ||
£ | £ | ||
Advances | 229,976 | 143,234 | |
Repayments | 229,976 | 143,234 | |
Interest has been charged at the official HMRC rate.