The Clarendon Kitchen Company Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05733317 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

The Clarendon Kitchen Company Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D P Cox

REGISTERED OFFICE:

Unit 17

Penfold Drive

Wymondham

Norfolk

NR18 0WZ

REGISTERED NUMBER:

05733317 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Property, plant and equipment

4

9,424

4,703

CURRENT ASSETS

Inventories

3,500

3,500

Debtors

5

68,017

55,805

Cash at bank

4,816

1,357

76,333

60,662

CREDITORS

Amounts falling due within one year

6

131,603

80,158

NET CURRENT LIABILITIES

(55,270

)

(19,496

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,846

)

(14,793

)

CREDITORS

Amounts falling due after more than one year

7

4,229

-

NET LIABILITIES

(50,075

)

(14,793

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(50,077

)

(14,795

)

SHAREHOLDERS' FUNDS

(50,075

)

(14,793

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 November 2017 and were signed by:

D P Cox - Director

1.	STATUTORY INFORMATION

The Clarendon Kitchen Company 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Inventories 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 statement of financial position date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

550

7,945

-

2,605

11,100

Additions

-

635

6,995

1,386

9,016

Disposals

-

-

-

(3,188

)

(3,188

)

At 31 March 2017

550

8,580

6,995

803

16,928

DEPRECIATION

At 1 April 2016

183

5,291

-

923

6,397

Charge for year

182

62

1,603

72

1,919

Eliminated on disposal

-

-

-

(812

)

(812

)

At 31 March 2017

365

5,353

1,603

183

7,504

NET BOOK VALUE

At 31 March 2017

185

3,227

5,392

620

9,424

At 31 March 2016

367

2,654

-

1,682

4,703

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

6,995

At 31 March 2017

6,995

DEPRECIATION

Charge for year

1,603

At 31 March 2017

1,603

NET BOOK VALUE

At 31 March 2017

5,392

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

9,679

12,759

Other debtors

12,360

8,609

Directors' current accounts

45,978

34,437

68,017

55,805

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other loans

2,798

-

Hire purchase contracts

1,588

-

Trade creditors

79,168

49,494

Tax

77

77

S455 Tax

6,777

8,609

Social security and other taxes

9,917

8,166

VAT

6,450

11,695

Other creditors

199

534

Accruals and deferred income

24,629

1,583

131,603

80,158

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Hire purchase contracts

4,229

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and 31 March 2016:

31.3.17

31.3.16

£

£

D P Cox

Balance outstanding at start of year

34,437

22,275

Amounts advanced

37,531

34,518

Amounts repaid

(25,990

)

(22,356

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

45,978

34,437

At the balance sheet date Mr D Cox owed the company £45,978

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D P Cox.

11.	FIRST YEAR ADOPTION

The company has transitioned from UK GAAP to FRS102 Section 1A as at 1 April 2016, no adjustments were required to

the 2016 accounts to meet the new standards.