C.M.B. Hydraulic Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02550096 (England and Wales)

C.M.B. HYDRAULIC SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Feetham

K Channing

SECRETARY:

P Feetham

REGISTERED OFFICE:

Unit C Sandall Lane

Kirk Sandall Industrial Estate

Kirk Sandall

Doncaster

South Yorkshire

DN3 1RA

REGISTERED NUMBER:

02550096 (England and Wales)

FIXED ASSETS

Tangible assets

4

264,168

266,982

CURRENT ASSETS

Stocks

4,170

10,753

Debtors

5

122,897

127,463

Cash at bank

11,689

14,682

138,756

152,898

CREDITORS

Amounts falling due within one year

6

69,373

82,863

NET CURRENT ASSETS

69,383

70,035

TOTAL ASSETS LESS CURRENT LIABILITIES

333,551

337,017

PROVISIONS FOR LIABILITIES

22,143

22,326

NET ASSETS

311,408

314,691

CAPITAL AND RESERVES

Called up share capital

20,300

20,300

Revaluation reserve

8

90,726

90,726

Retained earnings

200,382

203,665

SHAREHOLDERS' FUNDS

311,408

314,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 8 June 2021 and were signed on its behalf by:

P Feetham - Director

1.	STATUTORY INFORMATION

C.M.B. Hydraulic Services 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 as modified by the revaluation of certain assets.

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 and 15% on reducing balance

Freehold land and buildings are not depreciated because its estimated useful life exceeds 50 years.

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.

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 3 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 December 2019

244,080

120,626

364,706

Additions

-

751

751

At 30 November 2020

244,080

121,377

365,457

DEPRECIATION

At 1 December 2019

-

97,724

97,724

Charge for year

-

3,565

3,565

At 30 November 2020

-

101,289

101,289

NET BOOK VALUE

At 30 November 2020

244,080

20,088

264,168

At 30 November 2019

244,080

22,902

266,982

.

Cost or valuation at 30 November 2020 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2004

39,309

-

39,309

Valuation in 2005

35,000

-

35,000

Valuation in 2007

35,000

-

35,000

Cost

134,771

121,377

256,148

244,080

121,377

365,457

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2020

2019

£

£

Cost

134,770

134,770

Freehold land and buildings were valued on an open market basis on 13 March 2007 by WPA Surveyors Limited .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

41,012

85,022

Amounts owed by group undertakings

7,533

-

Other debtors

74,352

42,441

122,897

127,463

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

36,039

34,594

Trade creditors

11,191

16,006

Amounts owed to group undertakings

-

924

Taxation and social security

15,258

25,730

Other creditors

6,885

5,609

69,373

82,863

7.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank overdrafts

36,039

34,594

The invoice financing is secured on sales invoices raised.

8.

RESERVES

Revaluation

reserve

£

At 1 December 2019

and 30 November 2020

90,726

9.	RELATED PARTY DISCLOSURES

Transactions with the parent company, CMB Acquisitions Limited.

Management charges paid to CMB Acquisitions Limited £10,800 (2019: £10,800). All transactions are on a normal commercial basis.

Dividend paid to CMB Acquisitions Limited £30,000 (2019: £30,000).

Inter company loan due from CMB Acquisitions Limited £7,533 (2019:-£924). The loan is interest free with no set repayment date.