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

REGISTERED NUMBER: 03452530 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

CARLTON TECHNOLOGIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

R J Crampton

M R Crampton

Mrs M Crampton

SECRETARY:

Mrs M Crampton

REGISTERED OFFICE:

Unit 4

Church View Business Park

Coney Green Road

Chesterfield

Derbyshire

S45 9HA

REGISTERED NUMBER:

03452530 (England and Wales)

ACCOUNTANTS:

Mills & Black

Derwent House

141-145 Dale Road

Matlock

Derbyshire

DE4 3LU

BANKERS:

HSBC

Market Place

Chesterfield

Derbyshire

S40 1TN

FIXED ASSETS

Tangible assets

4

904,376

918,660

CURRENT ASSETS

Stocks

460,457

488,168

Debtors

678,915

540,640

Cash at bank and in hand

768

772

1,140,140

1,029,580

CREDITORS

Amounts falling due within one year

1,206,869

1,158,428

NET CURRENT LIABILITIES

(66,729

)

(128,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

837,647

789,812

CREDITORS

Amounts falling due after more than one year

5

(418,628

)

(393,920

)

PROVISIONS FOR LIABILITIES

(14,287

)

(16,047

)

ACCRUALS AND DEFERRED INCOME

(142,811

)

(146,398

)

NET ASSETS

261,921

233,447

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

261,820

233,346

SHAREHOLDERS' FUNDS

261,921

233,447

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 14 September 2018 and were signed on its behalf by:

R J Crampton - Director

Mrs M Crampton - Director

M R Crampton - Director

1.	STATUTORY INFORMATION

Carlton Technologies 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.

Freehold property

-

2% straight line

Fixtures and Fittings

-

10% on reducing balance

Equipment

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 13 (2016 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

1,086,039

Additions

21,428

At 31 December 2017

1,107,467

DEPRECIATION

At 1 January 2017

167,379

Charge for year

35,712

At 31 December 2017

203,091

NET BOOK VALUE

At 31 December 2017

904,376

At 31 December 2016

918,660

Included in cost of land and buildings is freehold land of £ 171,800 (2016 - £ 171,800 ) which is not depreciated.

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

Totals

£

COST

At 1 January 2017

37,818

Additions

14,000

Transfer to ownership

(16,500

)

At 31 December 2017

35,318

DEPRECIATION

At 1 January 2017

17,784

Charge for year

5,337

Transfer to ownership

(10,313

)

At 31 December 2017

12,808

NET BOOK VALUE

At 31 December 2017

22,510

At 31 December 2016

20,034

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.17

31.12.16

£

£

Repayable by instalments

Bank loans more 5 yr by instal

152,681

193,578

Hire purchase

3,106

-

155,787

193,578

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.17

31.12.16

£

£

Net obligations repayable:

Within one year

5,105

4,872

Between one and five years

15,317

12,818

In more than five years

3,106

-

23,528

17,690

Non-cancellable operating

leases

31.12.17

31.12.16

£

£

Within one year

8,849

8,465

Between one and five years

10,104

7,427

18,953

15,892

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Bank overdrafts

77,474

91,814

Bank loans

473,889

424,786

HSBC Invoice Finance

409,604

302,734

960,967

819,334

8.	CONTROLLING PARTY

The controlling party is Mr R J & Mrs M Crampton and Mr MCrampton.