Company Registration No. 06285839 (England and Wales)
Clifton Land Ltd
Unaudited accounts
for the year ended 31 July 2017
Clifton Land Ltd
Statement of financial position
as at 31 July 2017
Inventories
350,037
330,453
Cash at bank and in hand
2,001
38
Creditors: amounts falling due within one year
(152,025)
(126,808)
Net current assets
200,747
203,683
Total assets less current liabilities
200,747
203,683
Creditors: amounts falling due after more than one year
(182,700)
(182,700)
Called up share capital
100
100
Profit and loss account
17,947
20,883
Shareholders' funds
18,047
20,983
For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 April 2018.
G.Gillham
Director
Company Registration No. 06285839
Clifton Land Ltd
Notes to the Accounts
for the year ended 31 July 2017
Clifton Land Ltd is a private company, limited by shares, registered in England and Wales, registration number 06285839.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
5
Average number of employees
During the year the average number of employees was 0 (2016: 0).
