CBF Storage Solutions (Doncaster) Ltd - Accounts to registrar (filleted) - small 18.2

CBF STORAGE SOLUTIONS (DONCASTER) LIMITED - Company Information

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REGISTERED NUMBER: 09943965 (England and Wales)

CBF Storage Solutions (Doncaster)

Limited

Unaudited Financial Statements For The Year Ended 31 January 2021

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTORS:

C B Foster

N Foster

REGISTERED OFFICE:

Unit 13 & 17

Junction 3 Business Park

Carr Hill

Doncaster

DN4 8DE

REGISTERED NUMBER:

09943965 (England and Wales)

ACCOUNTANTS:

Allotts Business Services Ltd

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

66,497

59,353

CURRENT ASSETS

Debtors

150,769

109,701

Cash at bank

30,775

36,648

181,544

146,349

CREDITORS

Amounts falling due within one year

92,926

73,617

NET CURRENT ASSETS

88,618

72,732

TOTAL ASSETS LESS CURRENT
LIABILITIES

155,115

132,085

CREDITORS

Amounts falling due after more than one
year

(19,435

)

(13,897

)

PROVISIONS FOR LIABILITIES

(7,125

)

(4,555

)

NET ASSETS

128,555

113,633

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

128,455

113,533

SHAREHOLDERS' FUNDS

128,555

113,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 January 2021 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 31 January 2022 and were signed on its behalf by:

C B Foster - Director

1.	STATUTORY INFORMATION

CBF Storage Solutions (Doncaster) 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

20% on cost

Fixtures and fittings

20% on cost

Motor vehicles

25% on reducing balance

Computer equipment

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 February 2020

136,908

Additions

37,615

At 31 January 2021

174,523

DEPRECIATION

At 1 February 2020

77,555

Charge for year

30,471

At 31 January 2021

108,026

NET BOOK VALUE

At 31 January 2021

66,497

At 31 January 2020

59,353

5.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

Hire purchase contracts

42,245

35,271

Hire purchase liabilities are secured on the assets concerned

6.	PROVISIONS FOR LIABILITIES

2021

2020

Deferred tax

Accelerated capital allowances

7,125

4,555

Deferred

tax

Balance at 1 February 2020

4,555

Charge to Income Statement during year

2,570

Balance at 31 January 2021

7,125

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

Ordinary "A" shares

£1

Ordinary "B" shares

£1

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2021 and 31 January 2020:

2021

2020

C B Foster

Balance outstanding at start of year

56,533

20,958

Amounts advanced

128,689

56,533

Amounts repaid

(95,384

)

(20,958

)

Amounts written off

Amounts waived

Balance outstanding at end of year

89,838

56,533

The loan has been repaid in full after the year end. Interest is charged at the prevailing HMRC benefit rate.