CDB Building Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05875241 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

CDB Building Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N J Ball

SECRETARY:

Mrs J Williams

REGISTERED OFFICE:

11 Courtfield

Tetbury

Gloucestershire

GL8 8LF

REGISTERED NUMBER:

05875241 (England and Wales)

ACCOUNTANTS:

Moore Stephens

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Tangible assets

4

17,479

17,100

CURRENT ASSETS

Stocks

500

500

Debtors

5

49,626

29,616

Cash at bank

10,513

-

60,639

30,116

CREDITORS

Amounts falling due within one year

6

52,482

41,934

NET CURRENT ASSETS/(LIABILITIES)

8,157

(11,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,636

5,282

CREDITORS

Amounts falling due after more than one year

7

(6,154

)

(10,617

)

PROVISIONS FOR LIABILITIES

8

(3,321

)

(1,699

)

NET ASSETS/(LIABILITIES)

16,161

(7,034

)

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

15,161

(8,034

)

SHAREHOLDERS' FUNDS

16,161

(7,034

)

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 director acknowledges his 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 director on 27 October 2018 and were signed by:

Mr N J Ball - Director

1.	STATUTORY INFORMATION

CDB Building Services 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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value

of work done in the year, including estimates of amounts not invoiced. Turnover in respect of

long-term contracts and contracts for on-going services is recognised by reference to the stage of

completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets

at their fair value. The capital element of the future payments is treated as a liability and the interest

is charged to the profit and loss account on a straight line basis.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to

a similar debt instrument, those financial instruments are classed as financial liabilities. Financial

liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to

financial liabilities are included in the profit and loss account. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating to

equity instruments are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

1,682

2,377

39,990

44,049

Additions

664

-

5,350

6,014

At 31 March 2018

2,346

2,377

45,340

50,063

DEPRECIATION

At 1 April 2017

1,385

1,642

23,922

26,949

Charge for year

192

88

5,355

5,635

At 31 March 2018

1,577

1,730

29,277

32,584

NET BOOK VALUE

At 31 March 2018

769

647

16,063

17,479

At 31 March 2017

297

735

16,068

17,100

Hire purchase agreements

Included within the net book value of £17,479 is £8,472 (2017: £11,297) relating to assets held

under hire purchase agreements. The depreciation charged to the financial statements in the year in

respect of such assets amounted to £2,824 (2017: £3,766).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

48,783

29,309

Other debtors

843

307

49,626

29,616

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

-

8,558

Hire purchase contracts

4,790

4,380

Trade creditors

12,008

8,848

Taxation and social security

6,632

10,602

Other creditors

29,052

9,546

52,482

41,934

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

6,154

10,617

8.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

Accelerated capital allowances

3,321

4,969

Tax losses carried forward

-

(3,270

)

3,321

1,699

Deferred

tax

£

Balance at 1 April 2017

1,699

Provided during year

1,622

Balance at 31 March 2018

3,321

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	TRANSACTIONS WITH THE DIRECTORS

Included in Other Creditors is £25,160 (2017 : £6,327) owed to the directors. This amount is

unsecured, interest free and has no set repayment date.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N J Ball.