Carr Royd Parks Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 01019419 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

CARR ROYD PARKS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Taylor

Mr D M Taylor

Mr P M Taylor

Mrs K A Taylor

SECRETARY:

Mrs S Taylor

REGISTERED OFFICE:

Sunset Park

Sower Carr Lane

Hambleton

Poulton Le Fylde

Lancashire

FY6 9EQ

REGISTERED NUMBER:

01019419 (England and Wales)

ACCOUNTANTS:

Jones Harris Limited

Chartered Accountants

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Tangible assets

4

2,303,089

2,362,996

Investments

5

1

1

2,303,090

2,362,997

CURRENT ASSETS

Stocks

152,500

164,500

Debtors

44,945

75,292

Cash at bank and in hand

187,532

323,166

384,977

562,958

CREDITORS

Amounts falling due within one year

786,418

820,553

NET CURRENT LIABILITIES

(401,441

)

(257,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,901,649

2,105,402

CREDITORS

Amounts falling due after more than one year

(151,158

)

(244,943

)

PROVISIONS FOR LIABILITIES

(10,828

)

-

NET ASSETS

1,739,663

1,860,459

CAPITAL AND RESERVES

Called up share capital

32,000

32,000

Share premium

4,500

4,500

Other reserves

37,173

37,173

Fair value reserve

6

922,530

922,530

Retained earnings

743,460

864,256

SHAREHOLDERS' FUNDS

1,739,663

1,860,459

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 April 2018 and were signed on its behalf by:

Mrs S Taylor - Director

1.	STATUTORY INFORMATION

Carr Royd Parks 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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% to 20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

10% to 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

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.

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 24 (2016 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

2,721,508

Additions

52,291

At 31 December 2017

2,773,799

DEPRECIATION

At 1 January 2017

358,512

Charge for year

112,198

At 31 December 2017

470,710

NET BOOK VALUE

At 31 December 2017

2,303,089

At 31 December 2016

2,362,996

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

Totals

£

COST

At 1 January 2017

and 31 December 2017

79,868

DEPRECIATION

At 1 January 2017

7,987

Charge for year

7,987

At 31 December 2017

15,974

NET BOOK VALUE

At 31 December 2017

63,894

At 31 December 2016

71,881

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2017

and 31 December 2017

1

NET BOOK VALUE

At 31 December 2017

1

At 31 December 2016

1

6.

RESERVES

Fair

value

reserve

£

At 1 January 2017

and 31 December 2017

922,530

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £234 were paid to the directors .