Concept Filter Products Ltd - Accounts to registrar (filleted) - small 18.2

Concept Filter Products Ltd - Accounts to registrar (filleted) - small 18.2

CONCEPT FILTER PRODUCTS LIMITED - Company Information

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REGISTERED NUMBER: 03250528













Unaudited Financial Statements

for the Year Ended 28 February 2021

for

Concept Filter Products Ltd
Concept Filter Products Ltd (Registered number: 03250528)






Contents of the Financial Statements
for the Year Ended 28 February 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Concept Filter Products Ltd

Company Information
for the Year Ended 28 February 2021







DIRECTOR: AD Worthington





REGISTERED OFFICE: Unit 5, Bredbury Court
Ashton Roadte
Bredbury
Stockport
SK6 2QB





REGISTERED NUMBER: 03250528





ACCOUNTANTS: Mike Egan & Co
Chartered Accountants
168 Lee Lane
Horwich
Bolton
Lancashire
BL6 7AF
Page 1
Concept Filter Products Ltd (Registered number: 03250528)

Balance Sheet
28 February 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,468 26,100

CURRENT ASSETS
Stocks 5 1,200 1,200
Debtors 6 554,888 722,949
Cash at bank 336,841 -
892,929 724,149
CREDITORS
Amounts falling due within one year 7 (258,443 ) (328,554 )
NET CURRENT ASSETS 634,486 395,595
TOTAL ASSETS LESS CURRENT
LIABILITIES
659,954
421,695

CREDITORS
Amounts falling due after more than one
year
8
(250,000
)
-
NET ASSETS 409,954 421,695

CAPITAL AND RESERVES
Called up share capital 12,100 12,100
Retained earnings 397,854 409,595
SHAREHOLDERS' FUNDS 409,954 421,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 notes form part of these financial statements

Page 2 continued...
Concept Filter Products Ltd (Registered number: 03250528)

Balance Sheet - continued
28 February 2021


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 28 February 2022 and were signed by:





AD Worthington - Director


The notes form part of these financial statements

Page 3
Concept Filter Products Ltd (Registered number: 03250528)

Notes to the Financial Statements
for the Year Ended 28 February 2021

1. STATUTORY INFORMATION

Concept Filter Products Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 13 (2020 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2020 35,615 123,477 44,799 203,891
Additions - 7,921 - 7,921
At 28 February 2021 35,615 131,398 44,799 211,812
DEPRECIATION
At 1 March 2020 27,247 105,809 44,735 177,791
Charge for year 2,092 6,397 64 8,553
At 28 February 2021 29,339 112,206 44,799 186,344
NET BOOK VALUE
At 28 February 2021 6,276 19,192 - 25,468
At 29 February 2020 8,368 17,668 64 26,100

Page 4 continued...
Concept Filter Products Ltd (Registered number: 03250528)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2021

5. STOCKS
2021 2020
£    £   
Stocks 1,200 1,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 554,888 722,949

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 2,424
Trade creditors 207,741 276,416
Tax 41,015 27,175
VAT 9,687 22,539
258,443 328,554

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans more 5 yr by instal 250,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 250,000 -

Page 5