Cherbind Limited - Accounts to registrar - small 17.1
Cherbind Limited - Accounts to registrar - small 17.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 October 2017 |
| for |
| Cherbind Limited |
| Cherbind Limited (Registered number: 05078788) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| Cherbind Limited |
| Company Information |
| for the Year Ended 31 October 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 7 High Street |
| Chapel-en-le-Frith |
| High Peak |
| SK23 0HD |
| Cherbind Limited (Registered number: 05078788) |
| Balance Sheet |
| 31 October 2017 |
| 31/10/17 | 31/10/16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Cherbind Limited (Registered number: 05078788) |
| Balance Sheet - continued |
| 31 October 2017 |
| 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 |
| Cherbind Limited (Registered number: 05078788) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2017 |
| 1. | STATUTORY INFORMATION |
| Cherbind Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 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. |
| 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 |
| Cherbind Limited (Registered number: 05078788) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2016 |
| Additions |
| At 31 October 2017 |
| DEPRECIATION |
| At 1 November 2016 |
| Charge for year |
| At 31 October 2017 |
| NET BOOK VALUE |
| At 31 October 2017 |
| At 31 October 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/10/17 | 31/10/16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Related undertakings | 237,194 | 373,547 |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/10/17 | 31/10/16 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Related undertakings | (261,723 | ) | (226,914 | ) |
| Directors' loan accounts | 210,643 | 536,935 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/10/17 | 31/10/16 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| Cherbind Limited (Registered number: 05078788) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2017 |
| 8. | RELATED PARTY DISCLOSURES |
| During the period the company made sales of £nil (2016 - £nil) to and purchases of £nil (2016 - £8,265) from |
| Streetwise UK Management Ltd, a company with common directors and shareholders. |
| At the balance sheet date £224,830 (2016 - £449,045) was due from the above company. |
| During the period the company made sales of £369,058 (2016 - £1,431,443) to and purchases of £112,305 (2016 |
| - £58,892) from Enviroflow Management Ltd, a company with common directors and shareholders. |
| At the balance sheet date £261,723 (2016 - (£76,748)) was due from the above company. |
| During the year the company made sales of £nil (2016 - £nil) to and purchases of £nil (2016 - £nil) to HF |
| (Northern) Ltd, a company with common directors and shareholders. |
| At the balance sheet date £1,250 (2016 - £1,250) was due from the above company. |
| Cherbind Limited |
| Report of the Accountants to the Directors of |
| Cherbind Limited |
| The following reproduces the text of the report prepared for the directors and members 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. |
| In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, |
| we have compiled the financial statements of the company for the financial period, which comprise the primary financial |
| statements such as the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and |
| information and explanations you have given us. |
| This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. |
| Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, |
| report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to |
| them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume |
| responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work on this |
| report. |
| We have carried out this engagement in accordance with technical guidance issued and have complied with ethical |
| guidance laid down to accountants undertaking the compilation of financial statements. |
| You have acknowledged on the balance sheet for the financial period your duty to ensure that the company has kept |
| adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act |
| 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. |
| We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the |
| accuracy or completeness of the accounting records or information and explanation you have given to us and we do not, |
| therefore, express any opinion on the financial statements. |
| 7 High Street |
| Chapel-en-le-Frith |
| High Peak |
| SK23 0HD |