C. & L. Plant Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01138312 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

C. & L. Plant Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C L Stevens

SECRETARY:

Mrs J Stevens

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

01138312 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

39,811

32,053

CURRENT ASSETS

Stocks

4,378

950

Debtors

14,807

21,295

Cash at bank

13,523

29,622

32,708

51,867

CREDITORS

Amounts falling due within one year

3

15,374

26,088

NET CURRENT ASSETS

17,334

25,779

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,145

57,832

CREDITORS

Amounts falling due after more than one
year

3

(56,392

)

(47,012

)

PROVISIONS FOR LIABILITIES

(3,895

)

(5,771

)

NET (LIABILITIES)/ASSETS

(3,142

)

5,049

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(3,242

)

4,949

SHAREHOLDERS' FUNDS

(3,142

)

5,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 October 2016 and were signed by:

C L Stevens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance

from the director that he will continue to give financial support to the company for twelve months from the date

of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However,

should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the

company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their

realisable amount and to provide for any further liabilities which might arise. The accounts do not include any

adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be

appropriate.

Turnover

Turnover represents net invoiced sales of goods and services, excluding VAT ( having regard to the fulfilment of

contractual obligations ).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are

expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax liabilities are not discounted.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

90,719

Additions

25,341

Disposals

(17,839

)

At 31 March 2016

98,221

DEPRECIATION

At 1 April 2015

58,666

Charge for year

13,272

Eliminated on disposal

(13,528

)

At 31 March 2016

58,410

NET BOOK VALUE

At 31 March 2016

39,811

At 31 March 2015

32,053

3.

CREDITORS

Creditors include an amount of £ 12,750 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100