Country Hardwood Conservatories Limited - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Country Hardwood Conservatories Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L Wynder

Mr M A Osborne

SECRETARY:

Mr M A Osborne

REGISTERED OFFICE:

Queens Chambers

Eleanors Cross

Dunstable

Bedfordshire

LU6 1SU

REGISTERED NUMBER:

06197432 (England and Wales)

ACCOUNTANTS:

BeyondProfit

Queens Chambers

Eleanors Cross

Dunstable

Bedfordshire

LU6 1SU

FIXED ASSETS

Tangible assets

4

92,555

94,352

CURRENT ASSETS

Stocks

83,473

53,303

Debtors

5

616,559

606,336

Cash at bank and in hand

382,235

306,084

1,082,267

965,723

CREDITORS

Amounts falling due within one year

6

741,549

662,981

NET CURRENT ASSETS

340,718

302,742

TOTAL ASSETS LESS CURRENT LIABILITIES

433,273

397,094

CREDITORS

Amounts falling due after more than one year

7

(8,671

)

(11,163

)

PROVISIONS FOR LIABILITIES

(13,963

)

(13,509

)

NET ASSETS

410,639

372,422

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

410,539

372,322

SHAREHOLDERS' FUNDS

410,639

372,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 January 2019 and were signed on its behalf by:

Mr M A Osborne - Director

1.	STATUTORY INFORMATION

Country Hardwood Conservatories 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 net invoiced sales of conservatories, excluding value added tax. Sales revenues

are recognised when the deposit is received in advance. Exceptions are non-trade sales revenues

which are recognised on despatch of the goods.

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 etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete

and slow moving items. The directors review stock values on a regular basis, and at the end of the

financial year.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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

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 22 (2017 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

396,563

Additions

29,395

Disposals

(454

)

At 30 April 2018

425,504

DEPRECIATION

At 1 May 2017

302,211

Charge for year

30,852

Eliminated on disposal

(114

)

At 30 April 2018

332,949

NET BOOK VALUE

At 30 April 2018

92,555

At 30 April 2017

94,352

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

58,272

93,307

Other debtors

558,287

513,029

616,559

606,336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts

7,230

4,790

Trade creditors

265,656

247,739

Taxation and social security

124,428

169,611

Other creditors

344,235

240,841

741,549

662,981

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts

8,671

11,163

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.18

30.4.17

£

£

Hire purchase contracts

15,901

15,953

Hire purchase liabilities are secured on the assets to which they relate.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

One director repaid £155,490 and was advanced £127,659, the other director repaid £80,005 and

was advanced £131,135.