Cole Roofing Services Limited,Ltd - AccountsLtd - Accounts

Cole Roofing Services Limited,Ltd - AccountsLtd - Accounts

COLE ROOFING SERVICES LTD - Company Information

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2017-01-01 06023887 2017-12-31 06023887 2017-01-01 2017-12-31 06023887 2016-12-31 06023887 2016-01-01 2016-12-31 06023887 uk-core:WithinOneYear 2016-12-31 06023887 uk-core:WithinOneYear 2017-12-31 06023887 uk-core:ShareCapital 2017-12-31 06023887 uk-core:ShareCapital 2016-12-31 06023887 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 06023887 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 06023887 uk-bus:Director1 2017-01-01 2017-12-31 06023887 uk-core:PlantMachinery 2017-01-01 2017-12-31 06023887 uk-core:MotorVehicles 2017-01-01 2017-12-31 06023887 uk-core:FurnitureFittings 2017-01-01 2017-12-31 06023887 uk-core:FurnitureFittings 2016-12-31 06023887 uk-core:MotorVehicles 2016-12-31 06023887 uk-core:PlantMachinery 2016-12-31 06023887 uk-core:PlantMachinery 2017-12-31 06023887 uk-core:MotorVehicles 2017-12-31 06023887 uk-core:FurnitureFittings 2017-12-31 iso4217:GBP 06023887 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 06023887 uk-bus:FRS102 2017-01-01 2017-12-31 06023887 uk-bus:FullAccounts 2017-01-01 2017-12-31 06023887 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
Cole Roofing Services Limited
Registered Number:06023887
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2017
Cole Roofing Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2017
Cole Roofing Services Limited
Statement of Financial Position
Registered Number :
06023887
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
15,419
11,454
2
15,419
11,454
Current assets
Trade and other receivables
28,849
41,787
3
12
Cash and cash equivalents
4,716
46,503
28,861
Trade and other payables: amounts falling due within one
year
(7,463)
(31,212)
4
21,398
15,291
Net current assets
Total assets less current liabilities
30,710
32,852
(4)
-
Provisions for liabilities
30,706
Net assets
32,852
Capital and reserves
Called up share capital
1
1
Retained earnings
30,705
32,851
30,706
32,852
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr Steven Cole Director
These financial statements were approved and authorised for issue by the Board on 14 August 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2017
Cole Roofing Services Limited
Notes to the Financial Statements
Statutory Information
Cole Roofing Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06023887.
Registered address:
103 Bradley House
Radcliffe Moor Road
Bolton
BL2 6RT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2 of 3
5
For the year ended 31 December 2017
Cole Roofing Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 January 2017
22,367
2,885
11,982
7,500
11,725
-
11,725
-
Additions
-
(4,194)
-
Disposals
(4,194)
At 31 December 2017
7,500
19,513
2,885
29,898
Provision for depreciation and impairment
At 01 January 2017
10,913
433
4,456
6,024
Charge for year
4,615
368
4,026
221
(1,049)
-
(1,049)
-
On disposal
At 31 December 2017
14,479
801
7,433
6,245
At 31 December 2017
Net book value
1,255
12,080
2,084
15,419
At 31 December 2016
1,476
7,526
2,452
11,454
3. Trade and other receivables
2016
2017
£
£
Trade debtors
40,654
23,798
Other debtors
1,133
5,051
28,849
41,787
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
7,680
-
Taxation and social security
13,655
6,146
Other creditors
9,877
1,317
31,212
7,463
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