Claydon Oakgrove Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09576303 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

CLAYDON OAKGROVE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Dr G McAleer

Mr A Ogden

REGISTERED OFFICE:

Central Boulevard

Blythe Valley Park

Solihull

West Midlands

B90 8AG

REGISTERED NUMBER:

09576303 (England and Wales)

ACCOUNTANTS:

Hive Accountancy Ltd

The Innovation Centre

Treliske

Truro

Cornwall

TR1 3FF

FIXED ASSETS

Tangible assets

4

259,178

264,818

CURRENT ASSETS

Stocks

4,688

3,540

Debtors

5

54,009

48,360

Cash at bank and in hand

18,704

30,264

77,401

82,164

CREDITORS

Amounts falling due within one year

63,697

66,280

NET CURRENT ASSETS

13,704

15,884

TOTAL ASSETS LESS CURRENT LIABILITIES

272,882

280,702

CREDITORS

Amounts falling due after more than one year

(85,207

)

(72,212

)

PROVISIONS FOR LIABILITIES

(18,920

)

(20,166

)

NET ASSETS

168,755

188,324

CAPITAL AND RESERVES

Called up share capital

333,128

333,128

Retained earnings

(164,373

)

(144,804

)

SHAREHOLDERS' FUNDS

168,755

188,324

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 28 September 2018 and were signed on its behalf by:

Mr A Ogden - Director

1.	STATUTORY INFORMATION

Claydon Oakgrove 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 represents the total invoice value net of discounts, excluding value added tax, of sales made

during the period.

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.

Improvements to property

-

Straight line over the life of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets

and depreciated over the shorter of the lease term and their useful lives. Obligations under such

agreements are included in creditors net of the finance charge allocated to future periods. The finance

element of the rental payment is charged to the profit and loss account so as to produce constant

periodic rates of charge on the net obligations outstanding in each period.

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 3 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

310,327

Additions

49,836

At 31 December 2017

360,163

DEPRECIATION

At 1 January 2017

45,509

Charge for year

55,476

At 31 December 2017

100,985

NET BOOK VALUE

At 31 December 2017

259,178

At 31 December 2016

264,818

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

Totals

£

COST

At 1 January 2017

99,600

Additions

46,559

At 31 December 2017

146,159

DEPRECIATION

At 1 January 2017

19,920

Charge for year

29,232

At 31 December 2017

49,152

NET BOOK VALUE

At 31 December 2017

97,007

At 31 December 2016

79,680

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Corporation tax asset

45,854

43,340

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017

and 31 December 2016:

2017

2016

£

£

Dr G McAleer

Balance outstanding at start of year

1,564

1,564

Amounts advanced

1,564

-

Amounts repaid

(1,564

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,564

1,564

Mr A Ogden

Balance outstanding at start of year

1,564

1,564

Amounts advanced

1,564

-

Amounts repaid

(1,564

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,564

1,564

7.	GOING CONCERN

The loss in the year has arisen largely due to one off start up costs. As such, the directors anticipate

that the company will begin generating profits in the year ending 31st December 2018 and the

accounts have been prepared on a going concern basis.