The New Cavalier Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08651223 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

The New Cavalier Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C Bewick

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

08651223 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Tangible assets

4

2,306

5,212

CURRENT ASSETS

Stocks

9,350

8,650

Debtors

40,409

27,677

Cash at bank and in hand

28,974

64,501

78,733

100,828

CREDITORS

Amounts falling due within one year

27,213

24,069

NET CURRENT ASSETS

51,520

76,759

TOTAL ASSETS LESS CURRENT LIABILITIES

53,826

81,971

PROVISIONS FOR LIABILITIES

438

990

NET ASSETS

53,388

80,981

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,288

80,881

SHAREHOLDERS' FUNDS

53,388

80,981

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 29 May 2019 and were signed by:

C Bewick - Director

1.	STATUTORY INFORMATION

The New Cavalier 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Plant and machinery etc

-

33% on cost and 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 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 9 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2017

15,466

Additions

1,030

Disposals

(3,900

)

At 31 August 2018

12,596

DEPRECIATION

At 1 September 2017

10,254

Charge for year

2,616

Eliminated on disposal

(2,580

)

At 31 August 2018

10,290

NET BOOK VALUE

At 31 August 2018

2,306

At 31 August 2017

5,212

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 August 2018 and 31 August 2017:

31.8.18

31.8.17

£

£

C Bewick

Balance outstanding at start of year

(9,320

)

3,850

Amounts advanced

9,320

-

Amounts repaid

(26,209

)

(13,170

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(26,209

)

(9,320

)

The loan was repaid in full on 19th December 2018

6.	RELATED PARTY DISCLOSURES

PD Jeffries, a shareholder in the company, was owed £6150 by the company (2017 due to

this company from P D Jeffries £6,000) at the balance sheet date.