C W ELLIS (HALESWORTH) LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06496711 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

C W ELLIS (HALESWORTH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Gray

M Larter

M J Seamons

SECRETARY:

J Gray

REGISTERED OFFICE:

Lothing House

7 Quay View Business park

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

06496711 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Intangible assets

4

50,000

56,250

Tangible assets

5

20,901

21,287

70,901

77,537

CURRENT ASSETS

Stocks

41,500

35,000

Debtors

6

31,145

49,068

Cash at bank and in hand

49,940

15,888

122,585

99,956

CREDITORS

Amounts falling due within one year

7

(90,677

)

(87,651

)

NET CURRENT ASSETS

31,908

12,305

TOTAL ASSETS LESS CURRENT LIABILITIES

102,809

89,842

CREDITORS

Amounts falling due after more than one year

8

(97,745

)

(85,548

)

PROVISIONS FOR LIABILITIES

(3,971

)

(4,045

)

NET ASSETS

1,093

249

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

1,087

243

SHAREHOLDERS' FUNDS

1,093

249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2020 and were signed on its behalf by:

J Gray - Director

M Larter - Director

M J Seamons - Director

1.	STATUTORY INFORMATION

C W ELLIS (HALESWORTH) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 7 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

125,000

AMORTISATION

At 1 April 2019

68,750

Charge for year

6,250

At 31 March 2020

75,000

NET BOOK VALUE

At 31 March 2020

50,000

At 31 March 2019

56,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

62,569

Additions

4,415

Disposals

(4,800

)

At 31 March 2020

62,184

DEPRECIATION

At 1 April 2019

41,282

Charge for year

4,651

Eliminated on disposal

(4,650

)

At 31 March 2020

41,283

NET BOOK VALUE

At 31 March 2020

20,901

At 31 March 2019

21,287

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

30,842

48,663

Other debtors

303

405

31,145

49,068

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

68,943

70,693

Taxation and social security

21,734

16,958

90,677

87,651

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

97,745

85,548

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £85,500 (2019 - £69,000) were paid to the directors .

The company operates a Loan account with the Directors and the balance as at 31st March 2020 was £97,745 as

follows:-

J Gray - £29,867

M Larter - £36,475

M Seamons - £31,403

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of Mr J Gray, Mr M Larter and Mr M Seamons as holders of the share

capital throughout the current year.