CSS ( North West ) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03633465 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

CSS ( NORTH WEST ) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D P Hadcroft

SECRETARY:

Mrs L Isherwood

REGISTERED OFFICE:

Louisa Street

Walkden

Worsley

Manchester

M28 3GA

REGISTERED NUMBER:

03633465 (England and Wales)

ACCOUNTANTS:

Steggles & Co

2A Peel Street

Farnworth

Bolton

BL4 8AA

BANKERS:

National Westminster Bank plc

24 Deansgate

Bolton

Lancashire

BL1 1BN

FIXED ASSETS

Tangible assets

4

362,724

332,401

CURRENT ASSETS

Stocks

478,191

416,213

Debtors

5

1,196,181

1,177,262

Cash at bank and in hand

116,567

86,174

1,790,939

1,679,649

CREDITORS

Amounts falling due within one year

6

1,587,827

1,478,935

NET CURRENT ASSETS

203,112

200,714

TOTAL ASSETS LESS CURRENT LIABILITIES

565,836

533,115

CREDITORS

Amounts falling due after more than one year

7

(47,144

)

(26,394

)

PROVISIONS FOR LIABILITIES

(13,918

)

(13,867

)

NET ASSETS

504,774

492,854

CAPITAL AND RESERVES

Called up share capital

55

55

Capital redemption reserve

45

45

Retained earnings

504,674

492,754

SHAREHOLDERS' FUNDS

504,774

492,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 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 director on 3 November 2017 and were signed by:

D P Hadcroft - Director

1.	STATUTORY INFORMATION

CSS ( North West ) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

20% on cost and 2% on cost

Plant and machinery etc

-

25% on cost and 25% on reducing balance

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

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 15 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

313,422

201,242

514,664

Additions

-

88,784

88,784

Disposals

-

(8,150

)

(8,150

)

At 30 September 2017

313,422

281,876

595,298

DEPRECIATION

At 1 October 2016

69,136

113,127

182,263

Charge for year

11,177

43,844

55,021

Eliminated on disposal

-

(4,710

)

(4,710

)

At 30 September 2017

80,313

152,261

232,574

NET BOOK VALUE

At 30 September 2017

233,109

129,615

362,724

At 30 September 2016

244,286

88,115

332,401

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2016

115,585

Additions

82,350

Transfer to ownership

(62,535

)

At 30 September 2017

135,400

DEPRECIATION

At 1 October 2016

68,208

Charge for year

29,315

Transfer to ownership

(50,070

)

At 30 September 2017

47,453

NET BOOK VALUE

At 30 September 2017

87,947

At 30 September 2016

47,377

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

1,122,660

1,108,891

Other debtors

73,521

68,371

1,196,181

1,177,262

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

-

6,970

Hire purchase contracts

28,536

20,616

Trade creditors

1,458,705

1,295,178

Taxation and social security

96,628

135,852

Other creditors

3,958

20,319

1,587,827

1,478,935

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

47,144

26,394

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Hire purchase contracts

75,680

47,010

Amount due to Factors

481,466

475,390

Mortgages

-

6,970

557,146

529,370

The amount due to Factors is secured by a fixed charge over the company's book debts and is included in the

figure of trade creditors.

9.	OTHER FINANCIAL COMMITMENTS

The company had outstanding liabilities in respect of operating leases at 30 September 2017 of £50,416 (2016 :

£74,375).

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £186,500 were paid to the director .

The Company has made loans to Crown Property Limited, a company incorporated in England and Wales, in

which the sole director has a participating interest. At 30 September 2017 the balance on the loan account was

£63,079 (2016 : £61,671) and is included in Other Debtors.

The loan is interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is D P Hadcroft.

12.	FIRST YEAR ADOPTION

These financial statements for the year ended 30 September 2017 are the first financial statements that comply

with Financial Reporting Standard 102 Section 1A for smaller entities.The transition from the Financial

Reporting Standard for Smaller Entities to Financial Reporting Standard 102 Section 1A has not affected the

reported financial position and financial performance of the company.