C M B Hydraulic Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02550096 (England and Wales)

C M B HYDRAULIC SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

2

288,430

285,095

CURRENT ASSETS

Stocks

795

Debtors

3

657,675

668,800

Cash at bank

7,077

18,967

665,547

688,562

CREDITORS

Amounts falling due within one year

4

105,707

149,444

NET CURRENT ASSETS

559,840

539,118

TOTAL ASSETS LESS CURRENT
LIABILITIES

848,270

824,213

PROVISIONS FOR LIABILITIES

8,419

7,653

NET ASSETS

839,851

816,560

CAPITAL AND RESERVES

Called up share capital

5

20,300

Revaluation reserve

109,309

Profit and loss account

710,242

686,951

SHAREHOLDERS' FUNDS

839,851

816,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 June 2016 and were signed on its behalf by:

P Feetham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred

taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing

differences are expected to reverse, based on tax rates and laws that have been enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 December 2014

357,647

Additions

11,530

Disposals

(1,500

)

At 30 November 2015

367,677

DEPRECIATION

At 1 December 2014

72,552

Charge for year

7,807

Eliminated on disposal

(1,112

)

At 30 November 2015

79,247

NET BOOK VALUE

At 30 November 2015

288,430

At 30 November 2014

285,095

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 513,296 (2014 - £ 525,965 )

4.

CREDITORS

Creditors include an amount of £ 39,316 (2014 - £ 3,846 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

20,300

Ordinary

£1

20,300

6.	ULTIMATE PARENT COMPANY

The ultimate controlling company is CMB Acquisitions Limited which owns 100% of the issued share capital.