CLEARFUME_U.K._LIMITED - Accounts

CLEARFUME U.K. LIMITED - Company Information

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Company Registration No. 06459364 (England and Wales)

CLEARFUME U.K. LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

CLEARFUME U.K. LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

CLEARFUME U.K. LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

24,452

27,158

Investments

9,000

33,452

36,158

Current assets

Debtors

31,683

93,748

Cash at bank and in hand

60,917

9,499

92,600

103,247

Creditors: amounts falling due within one year

(91,789)

(125,404)

Net current assets/(liabilities)

811

(22,157)

Total assets less current liabilities

34,263

14,001

Capital and reserves

Called up share capital

2,501

Other reserves

2,500

Profit and loss account

29,262

9,000

Shareholders' funds

34,263

14,001

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 September 2016

Mr A D Bentham

Director

Company Registration No. 06459364

CLEARFUME U.K. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.

1.2

Turnover

Turnover represents amounts receivable for goods and services provided net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% Straight line

Motor vehicles

25% Reducing balance

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

CLEARFUME U.K. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2015

32,331

9,000

41,331

Additions

1,964

At 31 December 2015

34,295

9,000

43,295

Depreciation

At 1 January 2015

5,173

Charge for the year

4,670

At 31 December 2015

9,843

Net book value

At 31 December 2015

24,452

9,000

33,452

At 31 December 2014

27,158

9,000

36,158

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Clearfume Limited

England and Wales

Ordinary

90.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Clearfume Limited

Dormant company

10,000

CLEARFUME U.K. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

1,251 A Ordinary shares of £1 each

1,251

1,250 B Ordinary shares of £1 each

1,250

2,501

The shares have equal rights with regard to voting and participation in surplus assets on any winding up. The shares carry dividend rights with the director able to declare dividends at differing amounts at differing times on each class of share.

Related party relationships and transactions

Loan from the director

Transactions in relation to the loan with the director during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr & Mrs A D Bentham

48,813

29,000

63,257

14,556

48,813

29,000

63,257

14,556