Contron Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03998377 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

CONTRON LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S J Hilliard

T J Nixon

D G Bolton

N J Holman

REGISTERED OFFICE:

Unit 1

Huffwood Trading Estate

Billingshurst

West Sussex

RH14 9UR

REGISTERED NUMBER:

03998377 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

44 Springfield Road

Horsham

West Sussex

RH12 2PD

FIXED ASSETS

Tangible assets

4

1,954

2,605

CURRENT ASSETS

Stocks

5

7,000

10,448

Debtors

6

289,238

88,345

Cash at bank and in hand

166,219

177,868

462,457

276,661

CREDITORS

Amounts falling due within one year

7

307,766

178,533

NET CURRENT ASSETS

154,691

98,128

TOTAL ASSETS LESS CURRENT LIABILITIES

156,645

100,733

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

155,645

99,733

SHAREHOLDERS' FUNDS

156,645

100,733

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.

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 18 May 2018 and were signed on its behalf by:

N J Holman - Director

S J Hilliard - Director

1.	STATUTORY INFORMATION

Contron 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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards

(United Kingdom Generally Accepted Accounting Practice), which has been applied consistently.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the lease term

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 8 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

24,479

58,184

1,537

4,221

88,421

DEPRECIATION

At 1 January 2017

24,479

56,332

1,145

3,860

85,816

Charge for year

-

463

98

90

651

At 31 December 2017

24,479

56,795

1,243

3,950

86,467

NET BOOK VALUE

At 31 December 2017

-

1,389

294

271

1,954

At 31 December 2016

-

1,852

392

361

2,605

5.

STOCKS

2017

2016

£

£

Stocks

7,000

10,448

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

241,385

78,231

Amounts owed by group undertakings

26,000

-

Other debtors

10,785

10,114

Prepayments and accrued income

11,068

-

289,238

88,345

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

160,130

79,696

Amounts owed to group undertakings

-

3,000

Tax

35,036

11,879

Social security and other taxes

7,113

3,894

VAT

40,087

10,459

Other creditors

3,066

3,838

Directors' current accounts

46,024

61,709

Accruals and deferred income

16,310

4,058

307,766

178,533

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

18,628

15,128

Between one and five years

3,857

8,485

22,485

23,613

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end S J Hilliard, the company owed the company £20,879 (2016: £40,772) and the company owed T

J Nixon, a director, £25,145 (2016: £20,938). The loans are unsecured, charged at an interest rate of 5% per

annum, and amounted to £nil (2016: £1,942) and £nil (2016:£997) respectively.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

The Alchemy Automation Group Ltd is the company's ultimate parent company.