Carbonation Techniques Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05108888 (England and Wales)

CARBONATION TECHNIQUES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr O R Douglas-Osborn

SECRETARY:

Mrs W Sharpe

REGISTERED OFFICE:

Halesfield Business Park

Halesfield 8

Telford

Shropshire

TF7 4QN

REGISTERED NUMBER:

05108888 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

11,128

14,837

CURRENT ASSETS

Stocks

5

58,500

33,500

Debtors

6

91,966

142,630

Cash at bank and in hand

47,036

57,980

197,502

234,110

CREDITORS

Amounts falling due within one year

7

90,684

92,410

NET CURRENT ASSETS

106,818

141,700

TOTAL ASSETS LESS CURRENT LIABILITIES

117,946

156,537

CAPITAL AND RESERVES

Called up share capital

8

140

140

Retained earnings

9

117,806

156,397

SHAREHOLDERS' FUNDS

117,946

156,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 November 2017 and were signed by:

Mr O R Douglas-Osborn - Director

1.	STATUTORY INFORMATION

Carbonation Techniques 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

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.

Equipment 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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Equipment

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

21,544

17,647

39,191

DEPRECIATION

At 1 May 2016

16,633

7,721

24,354

Charge for year

1,228

2,481

3,709

At 30 April 2017

17,861

10,202

28,063

NET BOOK VALUE

At 30 April 2017

3,683

7,445

11,128

At 30 April 2016

4,911

9,926

14,837

5.

STOCKS

2017

2016

£

£

Stocks

58,500

33,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

87,666

120,555

VAT

-

17,379

Prepayments

4,300

4,696

91,966

142,630

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

45,324

45,096

Corporation tax

12,154

20,938

Social security and other taxes

5,490

5,490

VAT

23,325

-

Other creditors

999

14,483

Director's current account

608

3,571

Accrued expenses

2,784

2,832

90,684

92,410

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

40

Ordinary B

£1

40

40

140

140

9.

RESERVES

Retained

earnings

£

At 1 May 2016

156,397

Profit for the year

45,259

Dividends

(83,850

)

At 30 April 2017

117,806

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £26,300 were paid to the director .

Mr O R Douglas-Osborn

Director, equity shareholder, and ultimate controlling party.

Amounts due are in respect of Mr O R Douglas-Osborn directors loan account, and were extended on an interest

free basis.

2017

2016

£

£

Amount due to related party at the balance sheet date

608

3,571

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr O R Douglas-Osborn.