CRS Tonypandy Limited - Accounts to registrar - small 17.2

CRS Tonypandy Limited - Accounts to registrar - small 17.2

CRS TONYPANDY LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.0.336 07390837 Board of Directors Board of Directors 1.1.16 31.12.16 31.12.16 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure073908372015-12-31073908372016-12-31073908372016-01-012016-12-31073908372014-12-31073908372015-01-012015-12-31073908372015-12-3107390837ns15:EnglandWales2016-01-012016-12-3107390837ns14:PoundSterling2016-01-012016-12-3107390837ns10:Director12016-01-012016-12-3107390837ns10:Director22016-01-012016-12-3107390837ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3107390837ns10:SmallEntities2016-01-012016-12-3107390837ns10:AuditExemptWithAccountantsReport2016-01-012016-12-3107390837ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3107390837ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3107390837ns10:AbridgedAccounts2016-01-012016-12-310739083712016-01-012016-12-3107390837ns10:RegisteredOffice2016-01-012016-12-3107390837ns5:CurrentFinancialInstruments2016-12-3107390837ns5:CurrentFinancialInstruments2015-12-3107390837ns5:ShareCapital2016-12-3107390837ns5:ShareCapital2015-12-3107390837ns5:RetainedEarningsAccumulatedLosses2016-12-3107390837ns5:RetainedEarningsAccumulatedLosses2015-12-3107390837ns5:IntangibleAssetsOtherThanGoodwill2016-01-012016-12-3107390837ns5:PatentsTrademarksLicencesConcessionsSimilar2016-01-012016-12-3107390837ns5:LongLeaseholdAssetsns5:LandBuildings2016-01-012016-12-3107390837ns5:PlantMachinery2016-01-012016-12-3107390837ns5:FurnitureFittings2016-01-012016-12-31


REGISTERED NUMBER: 07390837 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CRS TONYPANDY LIMITED

CRS TONYPANDY LIMITED (REGISTERED NUMBER: 07390837)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


CRS TONYPANDY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: P D Bevan
Mrs T D Bevan





REGISTERED OFFICE: The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY





REGISTERED NUMBER: 07390837 (England and Wales)





ACCOUNTANTS: WBV Limited
The Third Floor,
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
West Glamorgan
SA1 8QY
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CRS TONYPANDY LIMITED

The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the
company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income
Statement and certain other primary statements and the Report of the Directors are not required to be
filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of CRS Tonypandy Limited for the year ended 31 December 2016 which
comprise the Abridged Income Statement, Other Comprehensive Income, Abridged Balance Sheet, and the
related notes from the company's accounting records and from information and explanations you have
given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CRS Tonypandy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CRS Tonypandy Limited and state those matters that we have agreed to state to the Board of Directors of CRS Tonypandy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CRS Tonypandy Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CRS Tonypandy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CRS Tonypandy Limited. You consider that CRS Tonypandy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CRS Tonypandy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






WBV Limited
The Third Floor,
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
West Glamorgan
SA1 8QY


21 July 2017

This page does not form part of the statutory financial statements

Page 2
CRS TONYPANDY LIMITED (REGISTERED NUMBER: 07390837)

ABRIDGED BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,375 7,875
Tangible assets 5 107,772 99,310
114,147 107,185

CURRENT ASSETS
Stocks 4,885 2,584
Debtors 335,336 206,878
Cash at bank and in hand 55,495 79,885
395,716 289,347
CREDITORS
Amounts falling due within one year 440,108 392,800
NET CURRENT LIABILITIES (44,392 ) (103,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
69,755
3,732

PROVISIONS FOR LIABILITIES 7,970 3,344
NET ASSETS 61,785 388

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,685 288
SHAREHOLDERS' FUNDS 61,785 388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 3 continued...
CRS TONYPANDY LIMITED (REGISTERED NUMBER: 07390837)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 July 2017 and were signed on its
behalf by:




P D Bevan - Director



Mrs T D Bevan - Director


The notes form part of these financial statements

Page 4
CRS TONYPANDY LIMITED (REGISTERED NUMBER: 07390837)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

CRS Tonypandy Limited is a private company, limited by shares , registered in England and Wales.
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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is recognised at the point of sale to the customer, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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 year 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 have been
enacted or substantively enacted by the balance sheet date.


Page 5 continued...
CRS TONYPANDY LIMITED (REGISTERED NUMBER: 07390837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

2. ACCOUNTING POLICIES - continued
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 year 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.

Franchise fee
The franchise fee and related costs are capitalised and amortised over the term of the agreement of
ten years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2015 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016
and 31 December 2016 15,000
AMORTISATION
At 1 January 2016 7,125
Amortisation for year 1,500
At 31 December 2016 8,625
NET BOOK VALUE

At 31 December 2016 6,375
At 31 December 2015 7,875

Page 6 continued...
CRS TONYPANDY LIMITED (REGISTERED NUMBER: 07390837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 205,200
Additions 25,854
At 31 December 2016 231,054
DEPRECIATION
At 1 January 2016 105,890
Charge for year 17,392
At 31 December 2016 123,282
NET BOOK VALUE
At 31 December 2016 107,772
At 31 December 2015 99,310

6. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £60,000.

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £18,000 were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

Mr P Bevan and Mrs T Bevan are the directors of CRS Tonypandy Limited and control the entire
issued share capital.

Page 7