Custom Duct Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01224157 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2018

for

Custom Duct Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Hind

S Hind

SECRETARY:

G Hind

REGISTERED OFFICE:

Common Lane

Watnall

Nottingham

NG16 1HD

REGISTERED NUMBER:

01224157 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

85,988

64,127

CURRENT ASSETS

Stocks

25,750

25,500

Debtors

5

434,668

306,731

Cash at bank

230,803

229,962

691,221

562,193

CREDITORS

Amounts falling due within one year

6

212,820

235,667

NET CURRENT ASSETS

478,401

326,526

TOTAL ASSETS LESS CURRENT LIABILITIES

564,389

390,653

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

554,389

380,653

SHAREHOLDERS' FUNDS

564,389

390,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 24 January 2019 and were signed on its behalf by:

S Hind - Director

1.	STATUTORY INFORMATION

Custom Duct 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 goods and services, excluding value added tax, including,

where applicable, relevant costs and overheads plus attributable profit to date recoverable on

contracts.

Turnover of goods is recognised when the company has transferred the significant risks and rewards

of ownership to the buyer and it is probable that the agreed upon payment will be received. Turnover of

services is recognised in the period to which the services relate.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stock and work in progress

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Cost is calculated on a first in, first out basis.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme for its directors and employees. Amounts are

charged to profit and loss when they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2017 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2017

212,494

660

130,380

9,150

352,684

Additions

-

-

45,515

-

45,515

Disposals

-

-

(28,103

)

-

(28,103

)

At 31 July 2018

212,494

660

147,792

9,150

370,096

DEPRECIATION

At 1 August 2017

209,436

567

73,747

4,807

288,557

Charge for year

612

14

13,286

2,541

16,453

Eliminated on disposal

-

-

(20,902

)

-

(20,902

)

At 31 July 2018

210,048

581

66,131

7,348

284,108

NET BOOK VALUE

At 31 July 2018

2,446

79

81,661

1,802

85,988

At 31 July 2017

3,058

93

56,633

4,343

64,127

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

426,188

300,757

Amounts recoverable on contracts

2,600

2,550

Prepayments and accrued income

5,880

3,424

434,668

306,731

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

99,819

72,509

Corporation tax

38,333

7,640

Social security and other taxes

65,218

65,902

Other creditors

2,071

58,773

Directors' current accounts

2,262

27,152

Accrued expenses

5,117

3,691

212,820

235,667