C & R Utilities Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07327247 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2019

for

C & R Utilities Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V R Rothwell

D J Rothwell

SECRETARY:

REGISTERED OFFICE:

9 Balmoral Road

Ferryhill

United Kingdom

Co. Durham

DL17 8QF

REGISTERED NUMBER:

07327247 (England and Wales)

ACCOUNTANTS:

Flannagans - Hartlepool office

Hub One, First Floor, Unit's 204 & 206

The Innovation Centre, Venture Court

Queens Meadow Business Park

Hartlepool

TS25 5TG

FIXED ASSETS

Tangible assets

4

476,035

284,305

CURRENT ASSETS

Debtors

611,084

877,468

Cash at bank and in hand

1,154,259

634,214

1,765,343

1,511,682

CREDITORS

Amounts falling due within one year

251,677

222,839

NET CURRENT ASSETS

1,513,666

1,288,843

TOTAL ASSETS LESS CURRENT LIABILITIES

1,989,701

1,573,148

PROVISIONS FOR LIABILITIES

57,182

57,182

NET ASSETS

1,932,519

1,515,966

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,932,517

1,515,964

1,932,519

1,515,966

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 10 April 2020 and were signed on its behalf by:

D J Rothwell - Director

1.	STATUTORY INFORMATION

C & R Utilities Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of

the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2018

675,136

Additions

285,407

At 31 July 2019

960,543

DEPRECIATION

At 1 August 2018

390,831

Charge for year

93,677

At 31 July 2019

484,508

NET BOOK VALUE

At 31 July 2019

476,035

At 31 July 2018

284,305

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1 August 2018

and 31 July 2019

41,447

DEPRECIATION

At 1 August 2018

20,362

Charge for year

10,398

At 31 July 2019

30,760

NET BOOK VALUE

At 31 July 2019

10,687

At 31 July 2018

21,085