CARONA_REUTER_INDUSTRIAL_ - Accounts

CARONA REUTER INDUSTRIAL LIMITED - Company Information

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Company Registration No. 03044187 (England and Wales)

CARONA REUTER INDUSTRIAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

CARONA REUTER INDUSTRIAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

CARONA REUTER INDUSTRIAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

6,001

9,001

Tangible assets

79,618

64,280

85,619

73,281

Current assets

Stocks

161,785

131,914

Debtors

405,805

395,909

Cash at bank and in hand

12,496

53,355

580,086

581,178

Creditors: amounts falling due within one year

(564,482)

(588,024)

Net current assets/(liabilities)

15,604

(6,846)

Total assets less current liabilities

101,223

66,435

Creditors: amounts falling due after more than one year

(335)

Provisions for liabilities

(14,114)

(11,437)

86,774

54,663

Capital and reserves

Called up share capital

40,200

Other reserves

36,665

Profit and loss account

9,909

(22,202)

Shareholders' funds

86,774

54,663

CARONA REUTER INDUSTRIAL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2016

- 2 -

For the financial year ended 31 October 2016 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 12 December 2016

Mr G J Reuter

Mr N Roberts

Director

Company Registration No. 03044187

CARONA REUTER INDUSTRIAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

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).

1.2

Compliance with accounting standards

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

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 or 20 years.5 or 20 years.

1.5

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:

Plant and machinery

15% reducing balance

Fixtures, fittings & equipment

10% reducing balance

Motor vehicles

25% reducing balance

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.10

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

CARONA REUTER INDUSTRIAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2015

153,647

142,929

296,576

Additions

26,640

Disposals

(1)

At 31 October 2016

153,647

169,568

323,215

Depreciation

At 1 November 2015

144,646

78,649

223,295

Charge for the year

3,000

11,301

14,301

At 31 October 2016

147,646

89,950

237,596

Net book value

At 31 October 2016

6,001

79,618

85,619

At 31 October 2015

9,001

64,280

73,281

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £322,377 (2015 - £354,872).

Share capital

2016

2015

Allotted, called up and fully paid

20,000 Ordinary A shares of £1 each

20,000

19,960 Ordinary B shares of £1 each

19,960

40 Ordinary C shares of £1 each

200 Ordinary D shares of £1 each

200

40,200

The preference shares can be redeemed at any time, at par, in accordance with the recommendations of the directors.