Cammac Coal Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00982747 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

CAMMAC COAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J N Camm

SECRETARY:

J A Camm

REGISTERED OFFICE:

Dunston Road

Sheepbridge

Chesterfield

S41 9RL

REGISTERED NUMBER:

00982747 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

13-17 Paradise Square

Sheffield

South Yorkshire

S1 2DE

FIXED ASSETS

Tangible assets

4

9,214

5,363

Investment property

5

162,695

162,695

171,909

168,058

CURRENT ASSETS

Stocks

339,832

286,386

Debtors

6

47,420

31,144

Cash at bank

67,817

39,664

455,069

357,194

CREDITORS

Amounts falling due within one year

7

198,526

164,951

NET CURRENT ASSETS

256,543

192,243

TOTAL ASSETS LESS CURRENT LIABILITIES

428,452

360,301

CREDITORS

Amounts falling due after more than one year

8

343,718

387,027

NET ASSETS/(LIABILITIES)

84,734

(26,726

)

CAPITAL AND RESERVES

Called up share capital

45

45

Share premium

110,997

110,997

Capital redemption reserve

58

58

Retained earnings

(26,366

)

(137,826

)

84,734

(26,726

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 21 December 2017 and were signed by:

J N Camm - Director

1.	STATUTORY INFORMATION

Cammac Coal 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The director has made key assumptions in the determination of the fair value of investment property in

respect of the state of the property market in the location where the property is situated and in respect

of the range of reasonable fair value estimates of the asset. The valuation of the property at the

reporting date is stated in the notes to the accounts.

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.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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 Profit and Loss

Account, 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.

Going concern

The financial statements have been prepared on a going concern basis, on the understanding that the

company will continue to receive the support of the directors as required.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

73,087

168,996

242,083

Additions

-

6,900

6,900

Disposals

-

(4,000

)

(4,000

)

At 31 March 2017

73,087

171,896

244,983

DEPRECIATION

At 1 April 2016

71,606

165,114

236,720

Charge for year

147

1,250

1,397

Eliminated on disposal

-

(2,348

)

(2,348

)

At 31 March 2017

71,753

164,016

235,769

NET BOOK VALUE

At 31 March 2017

1,334

7,880

9,214

At 31 March 2016

1,481

3,882

5,363

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

162,695

NET BOOK VALUE

At 31 March 2017

162,695

At 31 March 2016

162,695

The investment property class of fixed assets was revalued on 31 March 2017 by the directors, who

are not professionally qualified valuers and are internal to the company. The basis of this valuation was

on an open market basis. This class of assets has a current value of £162,695 (2016 - £162,695) and

a carrying amount at historical cost of £162,695 (2016 - £162,695). The depreciation on this historical

cost is £nil (2016 - £nil).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

18,680

31,144

Other debtors

28,740

-

47,420

31,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

48,248

30,469

Taxation and social security

5,784

8,304

Other creditors

144,494

126,178

198,526

164,951

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

343,718

387,027

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director provided an interest free loan to the company. At the balance sheet date

the amount due to J N Camm was £301,718 (2016 - £325,027).

10.	RELATED PARTY DISCLOSURES

11.	FIRST YEAR ADOPTION

There were no transitional adjustments required under FRS 102.