Coldbeck Ravenstonedale Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07556322 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

COLDBECK RAVENSTONEDALE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Metcalfe-Gibson

Mr A Metcalfe-Gibson

Mrs M E van Rees

Mrs C J Vale

REGISTERED OFFICE:

2 Jordan Street

Knott Mill

Manchester

Greater Manchester

M15 4PY

REGISTERED NUMBER:

07556322 (England and Wales)

ACCOUNTANTS:

Christian Douglass LLP

Chartered Accountants

2 Jordan Street

Knott Mill

Manchester

M15 4PY

BANKERS:

Barclays Bank Plc

Market Square

Penrith

Cumbria

CA11 7YB

FIXED ASSETS

Tangible assets

4

49,476

59,367

CURRENT ASSETS

Stocks

8,404

8,480

Debtors

5

12,456

13,977

Cash at bank and in hand

14,156

72,640

35,016

95,097

CREDITORS

Amounts falling due within one year

6

44,791

66,489

NET CURRENT (LIABILITIES)/ASSETS

(9,775

)

28,608

TOTAL ASSETS LESS CURRENT LIABILITIES

39,701

87,975

PROVISIONS FOR LIABILITIES

5,680

9,476

NET ASSETS

34,021

78,499

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

34,017

78,495

SHAREHOLDERS' FUNDS

34,021

78,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 August 2017 and were signed on its behalf by:

Mr C Metcalfe-Gibson - Director

1.	STATUTORY INFORMATION

Coldbeck Ravenstonedale 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

-

10% on cost

Stocks

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

slow moving items.

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.

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 12 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2016

113,880

Additions

6,982

Disposals

(8,315

)

At 31 March 2017

112,547

DEPRECIATION

At 1 April 2016

54,513

Charge for year

11,255

Eliminated on disposal

(2,697

)

At 31 March 2017

63,071

NET BOOK VALUE

At 31 March 2017

49,476

At 31 March 2016

59,367

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

-

9,267

Other debtors

9,111

2,497

Directors' loan accounts

-

52

Prepayments and accrued income

3,345

2,161

12,456

13,977

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

24,498

15,720

Corporation Tax

-

7,582

Social security and other taxes

3,464

2,848

VAT

16,593

9,850

Other creditors

-

28,309

Directors' loan accounts

33

-

Accrued expenses

203

2,180

44,791

66,489

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are deemed to be the directors.

8.	FIRST YEAR ADOPTION

The date of transition to FRS 102 was 1 April 2016.These financial statements are the first that the company has

presented in accordance with the Standard. The transition to FRS 102 has had no effect on the reported

financial position or performance.