Collingham Drycleaners Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09702835 (England and Wales)

Financial Statements for the Year Ended 31 July 2019

for

Collingham Drycleaners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Salkeld

Mrs C Salkeld

M A Pearson

D T Johnson

REGISTERED OFFICE:

11-12 Elizabeth Court

12 Elizabeth Court

Collingham

West Yorkshire

LS22 5JL

REGISTERED NUMBER:

09702835 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

2nd Floor, Woodside House

261 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NY

FIXED ASSETS

Tangible assets

4

7,847

9,146

CURRENT ASSETS

Debtors

5

11,941

8,777

Cash at bank

4,052

7,798

15,993

16,575

CREDITORS

Amounts falling due within one year

6

21,670

20,536

NET CURRENT LIABILITIES

(5,677

)

(3,961

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,170

5,185

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(7,830

)

(4,815

)

SHAREHOLDERS' FUNDS

2,170

5,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 applicable to companies subject to the small companies regime.

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 10 January 2020 and were signed on its behalf by:

Mrs C Salkeld - Director

1.	STATUTORY INFORMATION

Collingham Drycleaners 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 represents amounts receivable in respect of services supplied during the period excluding

value added tax.

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

-

10% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are

initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 are defrayed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2018

and 31 July 2019

12,989

DEPRECIATION

At 1 August 2018

3,843

Charge for year

1,299

At 31 July 2019

5,142

NET BOOK VALUE

At 31 July 2019

7,847

At 31 July 2018

9,146

5.

DEBTORS

31.7.19

31.7.18

£

£

Amounts falling due within one year:

Trade debtors

1,603

77

Other debtors

10,338

7,695

11,941

7,772

Amounts falling due after more than one year:

Other debtors

-

1,005

Aggregate amounts

11,941

8,777

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade creditors

1,352

623

Taxation and social security

492

300

Other creditors

19,826

19,613

21,670

20,536

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.19

31.7.18

£

£

Within one year

13,992

13,992

Between one and five years

11,660

25,652

25,652

39,644