Circle Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05090921 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Circle Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Stirling

Mrs S Stirling

SECRETARY:

Mrs S Stirling

REGISTERED OFFICE:

Manor Farmhouse

Tarrant Keyneston

Dorset

DT11 9JA

REGISTERED NUMBER:

05090921 (England and Wales)

ACCOUNTANTS:

Tim O'Brien CA

The Green

Datchet

Berkshire

SL3 9AS

CURRENT ASSETS

Stocks

900,869

1,207,000

Debtors

5

8,169

7,479

Cash at bank and in hand

455,733

188,060

1,364,771

1,402,539

CREDITORS

Amounts falling due within one year

6

110,408

1,097,271

NET CURRENT ASSETS

1,254,363

305,268

TOTAL ASSETS LESS CURRENT LIABILITIES

1,254,363

305,268

CREDITORS

Amounts falling due after more than one year

7

723,991

-

NET ASSETS

530,372

305,268

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

530,272

305,168

SHAREHOLDERS' FUNDS

530,372

305,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 August 2019 and were signed on its behalf by:

M Stirling - Director

1.	STATUTORY INFORMATION

Circle Developments 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

-

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.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

and 30 April 2019

353

DEPRECIATION

At 1 May 2018

and 30 April 2019

353

NET BOOK VALUE

At 30 April 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Other debtors

8,169

7,479

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

-

188,000

Trade creditors

14,158

113,073

Taxation and social security

80,950

16,798

Other creditors

15,300

779,400

110,408

1,097,271

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Other creditors

723,991

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.19

30.4.18

£

£

Bank loans

-

188,000

The bank loan is secured by a fixed and floating charge over the assets of the company.