Candella Limited - Accounts to registrar - small 16.3
Candella Limited - Accounts to registrar - small 16.3
| REGISTERED NUMBER: |
| Unaudited Cessation Financial Statements |
| for the Period 1 June 2016 to 6 April 2017 |
| for |
| Candella Limited |
| Candella Limited (Registered number: 07109370) |
| Contents of the Financial Statements |
| for the Period 1 June 2016 to 6 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Candella Limited |
| Company Information |
| for the Period 1 June 2016 to 6 April 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Black Barn |
| Valley Road |
| Fawkham |
| Kent |
| DA3 8LY |
| Candella Limited (Registered number: 07109370) |
| Balance Sheet |
| 6 April 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| 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 on |
| Candella Limited (Registered number: 07109370) |
| Notes to the Financial Statements |
| for the Period 1 June 2016 to 6 April 2017 |
| 1. | STATUTORY INFORMATION |
| Candella Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company transitioned from having prepared financial statements in accordance with the Financial Reporting |
| Standard for Smaller Entities (effective January 2015) to FRS 102 Section 1A as at 1 June 2016. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
| added tax and other sales taxes. |
| Turnover attributable to geographical markets outside the United Kingdom amounted to 89%. |
| Tangible fixed assets |
| Plant and machinery etc | - | 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. |
| Taxation |
| Taxation for the period 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 that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
| which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been |
| enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing |
| difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
| recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme |
| are charged to profit or loss in the period to which they relate. |
| Candella Limited (Registered number: 07109370) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2016 to 6 April 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 June 2016 |
| Disposals | ( |
) |
| At 6 April 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Eliminated on disposal | ( |
) |
| At 6 April 2017 |
| NET BOOK VALUE |
| At 6 April 2017 |
| At 31 May 2016 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary A | £0.01 | 1 | 1 |
| Ordinary | £1.00 | 125 | 125 |
| 126 | 126 |
| Candella Limited (Registered number: 07109370) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2016 to 6 April 2017 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 6 April 2017 and the year ended |
| 31 May 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Loans are repayable on demand all amounts owed to or by directors are non interest bearing. |
| 8. | ULTIMATE CONTROLLING PARTY |
| P.A Obey, a director, controls the company by virtue of owning the majority of the issued share capital. |