Clubmoor Builders Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07141600 (England and Wales)

Financial Statements

for the Year Ended 28 February 2018

for

Clubmoor Builders Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Raynard

P Taylor

REGISTERED OFFICE:

2 Oak Leigh

Liverpool

L13 7EW

REGISTERED NUMBER:

07141600 (England and Wales)

ACCOUNTANTS:

Sloan & Co.

Chartered Certified Accountants

Granite Buildings

6 Stanley Street

Liverpool

Merseyside

L1 6AF

FIXED ASSETS

Tangible assets

4

104,041

57,190

CURRENT ASSETS

Stocks

190,000

10,000

Debtors

140,907

268,665

Cash at bank and in hand

56

64,181

330,963

342,846

CREDITORS

Amounts falling due within one year

329,938

237,775

NET CURRENT ASSETS

1,025

105,071

TOTAL ASSETS LESS CURRENT LIABILITIES

105,066

162,261

CREDITORS

Amounts falling due after more than one year

37,768

38,039

NET ASSETS

67,298

124,222

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

67,198

124,122

SHAREHOLDERS' FUNDS

67,298

124,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2018 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 26 November 2018 and were signed on its behalf by:

S G Raynard - Director

1.	STATUTORY INFORMATION

Clubmoor Builders Ltd 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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.

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 16 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2017

117,588

Additions

67,650

At 28 February 2018

185,238

DEPRECIATION

At 1 March 2017

60,398

Charge for year

20,799

At 28 February 2018

81,197

NET BOOK VALUE

At 28 February 2018

104,041

At 28 February 2017

57,190

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

Totals

£

COST

Additions

14,250

At 28 February 2018

14,250

DEPRECIATION

Charge for year

2,967

At 28 February 2018

2,967

NET BOOK VALUE

At 28 February 2018

11,283

5.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who hold 100% of the allotted share capital of the company.