Canford Environmental Limited - Period Ending 2018-01-31

Registration number: 03298725

Canford Environmental Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2018

Chartered Accountants

Canford Environmental Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 6

Canford Environmental Limited

Company Information

Directors

Mrs H Kenyon Mr J W P Fryett Mrs K Hudson Mr N D Ross

Company secretary

Mr J W P Fryett

Registered office

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants

Edwards & Keeping Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Canford Environmental Limited
for the Year Ended 31 January 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Canford Environmental Limited for the year ended 31 January 2018 as set out on pages 3 to 6 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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

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

It is your duty to ensure that Canford Environmental Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Canford Environmental Limited. You consider that Canford Environmental 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 accounts of Canford Environmental 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 accounts.

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

12 April 2018

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Canford Environmental Limited

(Registration number: 03298725)
Balance Sheet as at 31 January 2018

	Note	2018		2017
		£	£	£	£
Current assets
Debtors	5		-		167
Cash at bank and in hand			362,688		374,277
			362,688		374,444
Creditors: Amounts falling due within one year	6		(65,867)		(66,071)
Net assets			296,821		308,373
Capital and reserves
Profit and loss account		296,821		308,373
Total equity			296,821		308,373

For the financial year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 11 April 2018 and signed on its behalf by:
 

Mrs H Kenyon Director

Mr N D Ross Director

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Canford Environmental Limited

Notes to the Financial Statements
for the Year Ended 31 January 2018

1	General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20-33% p.a. straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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Canford Environmental Limited

Notes to the Financial Statements
for the Year Ended 31 January 2018

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2017 - 4).

4	Tangible assets

	Plant and machinery  £	Total £
Cost or valuation
At 1 February 2017	10,842	10,842
At 31 January 2018	10,842	10,842
Depreciation
At 1 February 2017	10,842	10,842
At 31 January 2018	10,842	10,842
Carrying amount
At 31 January 2018	-	-

5

Debtors

	2018 £	2017 £
Other debtors	-	167
	-	167

6

Creditors

	2018 £	2017 £
Due within one year
Trade creditors	534	702
Other creditors	65,333	65,369
	65,867	66,071

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Canford Environmental Limited

Notes to the Financial Statements
for the Year Ended 31 January 2018

7	Related party transactions

Key management personnel

Lindfield Consultants Limited

Summary of transactions with key management

No transactions have occurred during the year with Lindfield Consultants Limited, a Company in which Mr J W P Fryett (Director) is also a director and shareholder. However at the balance sheet date the amount due to Lindfield Consultants Limited was £64,400 (2017 £64,400).
 

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