Carlton Motors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01794021 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Carlton Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E N Townson

Mrs T D Townson

Mrs D Gilbert

Mrs P M Leaney

SECRETARY:

Mrs T D Townson

REGISTERED OFFICE:

54 Springfield Road

Welling

Kent

DA16 1QW

REGISTERED NUMBER:

01794021 (England and Wales)

ACCOUNTANTS:

Goatcher Chandler

31 St Georges Square

St Georges Centre

Gravesend

Kent

DA11 0TB

FIXED ASSETS

Intangible assets

4

2,200

4,400

Tangible assets

5

79,606

111,490

81,806

115,890

CURRENT ASSETS

Debtors

6

154,139

166,646

Cash at bank and in hand

7,717

69,432

161,856

236,078

CREDITORS

Amounts falling due within one year

7

38,852

61,738

NET CURRENT ASSETS

123,004

174,340

TOTAL ASSETS LESS CURRENT LIABILITIES

204,810

290,230

CREDITORS

Amounts falling due after more than one year

8

-

(8,736

)

PROVISIONS FOR LIABILITIES

9

(2,591

)

(17,113

)

NET ASSETS

202,219

264,381

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

201,219

263,381

SHAREHOLDERS' FUNDS

202,219

264,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 7 September 2018 and were signed on its behalf by:

E N Townson - Director

1.	STATUTORY INFORMATION

Carlton Motors 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

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 etc

-

33% on cost and 25% on reducing balance

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 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

22,268

AMORTISATION

At 1 April 2017

17,868

Charge for year

2,200

At 31 March 2018

20,068

NET BOOK VALUE

At 31 March 2018

2,200

At 31 March 2017

4,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

325,910

DEPRECIATION

At 1 April 2017

214,420

Charge for year

31,884

At 31 March 2018

246,304

NET BOOK VALUE

At 31 March 2018

79,606

At 31 March 2017

111,490

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

follows:

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

104,287

DEPRECIATION

At 1 April 2017

44,514

Charge for year

14,943

At 31 March 2018

59,457

NET BOOK VALUE

At 31 March 2018

44,830

At 31 March 2017

59,773

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

84,581

94,817

Other debtors

69,558

71,829

154,139

166,646

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

8,736

29,960

Taxation and social security

25,821

27,485

Other creditors

4,295

4,293

38,852

61,738

Included within Other creditors is an amount owed to the director E N Townson of £545

(2017 £545)

This amount owed is interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

-

8,736

9.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

2,591

17,113

Deferred

tax

£

Balance at 1 April 2017

17,113

Credit to Income Statement during year

(14,522

)

Balance at 31 March 2018

2,591

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,000

Share capital 1

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 April 2017

263,381

Deficit for the year

(62,162

)

At 31 March 2018

201,219

12.	RELATED PARTY DISCLOSURES

The company is related to Computer Minicabs Limited by virtue of the common control of its

directors Mrs P M Leaney, Mrs T D Townson & Mrs D Gilbert.

A director, P M Leaney holds a fixed and floating charge of £30,000 over all property and

assets of the business.

13.	CONTROLLING PARTY

The company is controlled by the directors by virtue of their ownership of 100% of the

company's issued ordinary share capital.