Coates and Morgan Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04543826

Coates and Morgan Limited

Unaudited Financial Statements

for the Year Ended 30 April 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Report of the Accountants

7

DIRECTORS:

Mr D Morgan

Mr R G Coates

Mr M Perkin

SECRETARY:

Mr D Morgan

REGISTERED OFFICE:

4 Daventry Road

Dunchurch

Rugby

Warwickshire

CV22 6NS

REGISTERED NUMBER:

04543826

ACCOUNTANTS:

Astute Services Ltd

4 Daventry Road

Dunchurch

Warwickshire

CV22 6NS

FIXED ASSETS

Tangible assets

4

35,728

36,742

CURRENT ASSETS

Stocks

474,986

406,751

Debtors

5

17,114

18,167

Cash at bank

4,094

-

496,194

424,918

CREDITORS

Amounts falling due within one year

6

(415,596

)

(345,824

)

NET CURRENT ASSETS

80,598

79,094

TOTAL ASSETS LESS CURRENT LIABILITIES

116,326

115,836

PROVISIONS FOR LIABILITIES

7

(811

)

(1,014

)

NET ASSETS

115,515

114,822

CAPITAL AND RESERVES

Called up share capital

8

900

900

Retained earnings

9

114,615

113,922

SHAREHOLDERS' FUNDS

115,515

114,822

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 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 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 Board of Directors on 25 January 2018 and were signed on its behalf by:

Mr D Morgan - Director

Mr R G Coates - Director

1.	STATUTORY INFORMATION

Coates and Morgan Limited is a private company, limited by shares ,

registered in Not specified/Other. 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.

Plant and machinery

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all

purchase, transport, and handling costs in bringing stocks to their present

location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

31,672

29,599

61,271

DEPRECIATION

At 1 May 2016

-

24,529

24,529

Charge for year

-

1,014

1,014

At 30 April 2017

-

25,543

25,543

NET BOOK VALUE

At 30 April 2017

31,672

4,056

35,728

At 30 April 2016

31,672

5,070

36,742

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

£

Other debtors

17,114

18,167

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

£

Bank loans and overdrafts

20,285

21,162

Trade creditors

102,325

79,160

Taxation and social security

113,169

86,552

Other creditors

179,817

158,950

415,596

345,824

7.	PROVISIONS FOR LIABILITIES

30/4/17

30/4/16

£

£

Deferred tax

811

1,014

Deferred

tax

£

Balance at 1 May 2016

1,014

Provided during year

(203

)

Balance at 30 April 2017

811

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/17

30/4/16

value:

£

£

900

Ordinary

1

900

900

9.

RESERVES

Retained

earnings

£

At 1 May 2016

113,922

Profit for the year

34,693

Dividends

(34,000

)

At 30 April 2017

114,615

10.	TRANSACTIONS WITH THE DIRECTORS

The company operates from premises owned by the Coates & Morgan

Partnership. This partnership is made up of Mr RG Coates and Mr D Morgan

who are the directors of the company. During the period, the company paid

rent of £23,100 (2014 - £23,100) to the directors.

During the period the company traded on a normal commercial basis with

Barby Sporting Limited, a company under common control.

Other creditors include £117,173 (2015 - £106,073) due to Barby Sporting

Limited.

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2017 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Astute Services Ltd

4 Daventry Road

Dunchurch

Warwickshire

CV22 6NS

Date: .............................................