C and S Equipment Limited - Accounts to registrar (filleted) - small 18.2

C and S Equipment Limited - Accounts to registrar (filleted) - small 18.2

C AND S EQUIPMENT LIMITED - Company Information

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REGISTERED NUMBER: 02777417 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2020

for

C and S Equipment Limited
C and S Equipment Limited (Registered number: 02777417)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C and S Equipment Limited

Company Information
for the Year Ended 31 December 2020







DIRECTORS: C Challinger
R P Melville





SECRETARY: C Challinger





REGISTERED OFFICE: Gable End
Sparrow Hall Business Park
Leighton Road
Edlesborough
Bedfordshire
LU6 2ES





REGISTERED NUMBER: 02777417 (England and Wales)





ACCOUNTANT: Roberts Accountancy & Tax Limited
Gable End
Sparrow Hall Business Park
Leighton Road
Edlesborough
Bedfordshire
LU6 2ES
Page 1
C and S Equipment Limited (Registered number: 02777417)

Balance Sheet
31 December 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,339 4,475

CURRENT ASSETS
Stocks 232,616 88,903
Debtors 5 712,606 487,336
Cash at bank 154,592 37,243
1,099,814 613,482
CREDITORS
Amounts falling due within one year 6 (695,607 ) (267,660 )
NET CURRENT ASSETS 404,207 345,822
TOTAL ASSETS LESS CURRENT
LIABILITIES
413,546
350,297

CREDITORS
Amounts falling due after more than one
year
7
(44,167
)
-
NET ASSETS 369,379 350,297

CAPITAL AND RESERVES
Called up share capital 246 246
Retained earnings 369,133 350,051
SHAREHOLDERS' FUNDS 369,379 350,297

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 September 2021 and were signed on its behalf by:





C Challinger - Director


The notes form part of these financial statements

Page 2
C and S Equipment Limited (Registered number: 02777417)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

C and S Equipment 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 cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 5 ) .

Page 3 continued...
C and S Equipment Limited (Registered number: 02777417)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 10,863
Additions 7,318
At 31 December 2020 18,181
DEPRECIATION
At 1 January 2020 6,388
Charge for year 2,454
At 31 December 2020 8,842
NET BOOK VALUE
At 31 December 2020 9,339
At 31 December 2019 4,475

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 359,704 135,667
Amounts owed by group undertakings 68,061 53,362
Other debtors 284,841 298,307
712,606 487,336

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 5,833 13,982
Trade creditors 351,614 156,862
Taxation and social security 35,277 70,518
Other creditors 302,883 26,298
695,607 267,660

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Bank loans 44,167 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,167 -

Page 4 continued...
C and S Equipment Limited (Registered number: 02777417)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

8. RELATED PARTY DISCLOSURES

During the year the company incurred costs of £3,600 (2019 : £3,600) from BG+D, in which the director, Mr C Challinger has a personal interest. All transactions were at arms length.

During the year the company incurred costs of £3,600 (2019 : £3,600) from RPM Marketing in which the director, Mr R Melville, has a personal interest. All transactions were at arms length.

During the year the company lent money to Brinklake Limited, a company in which the directors, Mr C Challinger and Mr R Melville are also directors.

At the year end the amount due from Brinklake Limited was £273,586 (2019 : £278,741).

9. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parties are Mr C Challinger and Mr R Melville by virtue of their shareholding.

Page 5