C & D Facilities & Grounds Maintenance Limited Company Accounts

C & D FACILITIES & GROUNDS MAINTENANCE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06538253

C & D Facilities & Grounds Maintenance Limited

Filleted Unaudited Financial Statements

31 January 2017

C & D Facilities & Grounds Maintenance Limited

Financial Statements

Year ended 31 January 2017

Contents	Page

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Accounting policies	4

Notes to the financial statements	7

C & D Facilities & Grounds Maintenance Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of C & D Facilities & Grounds Maintenance Limited

Year ended 31 January 2017

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2017, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

BODDINGTON & COMPANY LIMITED Chartered Certified Accountants

3 Churchmeadows Bulford Road Shipton Bellinger Tidworth Hampshire SP9 7RL

30 October 2017

C & D Facilities & Grounds Maintenance Limited

Statement of Financial Position

31 January 2017

	2017		2016
Note	£	£	£

Fixed assets

Intangible assets	4	14,000	26,000
Tangible assets	5	225,124	248,129
		---------	---------
		239,124	274,129

Current assets

Stocks		3,000	3,000
Debtors	6	44,535	77,124
Cash at bank and in hand		8,102	8,548
		--------	--------
		55,637	88,672

Creditors: amounts falling due within one year	7	144,384		162,524
		---------		---------
Net current liabilities			88,747	73,852
			---------	---------
Total assets less current liabilities			150,377	200,277

Creditors: amounts falling due after more than one year	8		83,160	88,637

Provisions

Taxation including deferred tax	13,537	17,678
	---------	---------
Net assets	53,680	93,962
	---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	53,676	93,958
	--------	--------
Members funds	53,680	93,962
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

C & D Facilities & Grounds Maintenance Limited

Statement of Financial Position (continued)

31 January 2017

These financial statements were approved by the board of directors and authorised for issue on 27 October 2017 , and are signed on behalf of the board by:

Mr. D. C. Wyeth
Director

Company registration number: 06538253

C & D Facilities & Grounds Maintenance Limited

Accounting Policies

Year ended 31 January 2017

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover, which is stated net of value added tax, is recognised as income as the company fulfils its contractual obligations to customers.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line on cost

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line on cost
Plant & machinery	-	20% - 50% straight line on cost
Fixtures & fittings	-	20% - 50% straight line on cost
Motor vehicles	-	20% - 33.3% straight line on cost

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

C & D Facilities & Grounds Maintenance Limited

Notes to the Financial Statements

Year ended 31 January 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 39 Wendover Way, Tilehurst, Reading, RG30 4RU, Berkshire.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2016: 14 ).

4. Intangible assets

	Goodwill
	£
Cost
At 1 February 2016 and 31 January 2017	120,000
	---------
Amortisation
At 1 February 2016	94,000
Charge for the year	12,000
	---------
At 31 January 2017	106,000
	---------
Carrying amount
At 31 January 2017	14,000
	---------
At 31 January 2016	26,000
	---------

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 February 2016	164,670	175,130	13,952	104,818	458,570
Additions	–	12,562	–	–	12,562
Disposals	–	( 7,000)	–	–	( 7,000)
	---------	---------	--------	---------	---------
At 31 January 2017	164,670	180,692	13,952	104,818	464,132
	---------	---------	--------	---------	---------
Depreciation
At 1 February 2016	4,931	118,235	12,207	75,068	210,441
Charge for the year	2,300	22,012	960	8,925	34,197
Disposals	–	( 5,630)	–	–	( 5,630)
	---------	---------	--------	---------	---------
At 31 January 2017	7,231	134,617	13,167	83,993	239,008
	---------	---------	--------	---------	---------
Carrying amount
At 31 January 2017	157,439	46,075	785	20,825	225,124
	---------	---------	--------	---------	---------
At 31 January 2016	159,739	56,895	1,745	29,750	248,129
	---------	---------	--------	---------	---------

6. Debtors

	2017	2016
	£	£
Trade debtors	43,925	76,927
Other debtors	610	197
	--------	--------
	44,535	77,124
	--------	--------

7. Creditors: amounts falling due within one year

	2017	2016
	£	£
Bank loans and overdrafts	56,749	50,261
Trade creditors	17,508	21,210
Corporation tax	2,870	20,346
Social security and other taxes	24,152	22,022
Other creditors and accruals	40,713	41,644
Other creditors	2,392	7,041
	---------	---------
	144,384	162,524
	---------	---------

8. Creditors: amounts falling due after more than one year

	2017	2016
	£	£
Bank loans and overdrafts	83,160	86,689
Other creditors	–	1,948
	--------	--------
	83,160	88,637
	--------	--------

9. Related party transactions

The company was under the control of its Directors, who are also shareholders, throughout the year.