Camturn Limited - Accounts to registrar (filleted) - small 17.3

Camturn Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 03180869(England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

CAMTURN LIMITED

CAMTURN LIMITED (REGISTERED NUMBER: 03180869)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CAMTURN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2017







DIRECTORS: Mr S J Goldsmith
Mrs A E Goldsmith





REGISTERED OFFICE: Unit 5211 Kennet Close
Ashchurch
Tewkesbury
Gloucestershire
GL20 8HF





REGISTERED NUMBER: 03180869(England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

CAMTURN LIMITED (REGISTERED NUMBER: 03180869)

BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,877 51,190

CURRENT ASSETS
Stocks 5 7,475 7,285
Debtors 6 79,926 60,608
Cash at bank 12,301 4,342
99,702 72,235
CREDITORS
Amounts falling due within one year 7 64,746 65,138
NET CURRENT ASSETS 34,956 7,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,833

58,287

CREDITORS
Amounts falling due after more than one year 8 (9,301 ) (6,380 )

PROVISIONS FOR LIABILITIES (7,171 ) (10,238 )
NET ASSETS 75,361 41,669

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 9 74,361 40,669
SHAREHOLDERS' FUNDS 75,361 41,669

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 4 December 2017and were signed on its behalf by:





Mr S J Goldsmith- Director


CAMTURN LIMITED (REGISTERED NUMBER: 03180869)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2017

1. STATUTORY INFORMATION

Camturn 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.
Long leasehold - in accordance with the property
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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
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.

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 4.

CAMTURN LIMITED (REGISTERED NUMBER: 03180869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2016 13,400 155,848 13,743 35,031 218,022
Additions - 9,650 - 20,800 30,450
At 31 March 2017 13,400 165,498 13,743 55,831 248,472
DEPRECIATION
At 1 April 2016 10,702 134,227 11,685 10,218 166,832
Charge for year 1,289 11,061 1,056 11,357 24,763
At 31 March 2017 11,991 145,288 12,741 21,575 191,595
NET BOOK VALUE
At 31 March 2017 1,409 20,210 1,002 34,256 56,877
At 31 March 2016 2,698 21,621 2,058 24,813 51,190

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2016 35,031
Additions 20,800
At 31 March 2017 55,831
DEPRECIATION
At 1 April 2016 10,218
Charge for year 11,357
At 31 March 2017 21,575
NET BOOK VALUE
At 31 March 2017 34,256
At 31 March 2016 24,813

5. STOCKS
2017 2016
£    £   
Finished goods 7,475 7,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 78,384 59,066
Prepayments and accrued income 1,542 1,542
79,926 60,608

CAMTURN LIMITED (REGISTERED NUMBER: 03180869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 11,865 5,923
Trade creditors 26,990 35,537
Tax 13,330 14,082
Social security and other taxes 490 (75 )
Pension creditor 135 -
VAT 10,508 8,039
Directors' loan accounts 28 232
Accruals and deferred income 1,400 1,400
64,746 65,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Hire purchase contracts 9,301 6,380

9. RESERVES
Retained
earnings
£   

At 1 April 2016 40,669
Profit for the year 116,292
Dividends (82,600 )
At 31 March 2017 74,361

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and 31 March 2016:

2017 2016
£    £   
Mr S J Goldsmithand Mrs A E Goldsmith
Balance outstanding at start of year (232 ) 6,978
Amounts advanced 2,554 2,518
Amounts repaid (2,350 ) (9,728 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28 ) (232 )

During the year dividends of £82,600 were paid to the directors.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors Mr S Goldsmith and Mrs A E Goldsmith who between them hold 100% of the
voting share capital.