C.M.L. Contractors Ltd Accounts

C.M.L. CONTRACTORS LIMITED - Company Information






C.M.L. Contractors Ltd
	Company No. 06091085
		Information for Filing with The Registrar
		30 June 2017

The Directors present their report and the accounts for the year ended 30 June 2017.

Principal activities
The principal activity of the company during the year under review was painters and decorators.




Directors

The Directors who served at any time during the year were as follows:

C. Lench
M. Lench


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

C. Lench
Director
06 November 2017

at	30 June 2017

Company No.		06091085	Notes	2017	2016
				£	£
Fixed assets
	Intangible assets		3	6,000	12,000
	Tangible assets		4	10,913	14,570


				16,913	26,570
Current assets

	Debtors		5	68,983	64,971

	Cash at bank and in hand			193,745	144,561
				262,728	209,532
Creditors: Amount falling due within one year			6	(205,805)	(187,813)
Net current assets				56,923	21,719
Total assets less current liabilities				73,836	48,289




Net assets				73,836	48,289

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		7	73,736	48,189

Total equity				73,836	48,289


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 06 November 2017

And signed on its behalf by:

C. Lench
Director
06 November 2017

for the year ended 30 June 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

33% Reducing balance

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Employees
			2017	2016
			Number	Number
		The average number of persons employed during the year :	2	2

3	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 July 2016	60,000	60,000


		At 30 June 2017	60,000	60,000
		Amortisation and impairment
		At 1 July 2016	48,000	48,000
		Charge for the year	6,000	6,000


		At 30 June 2017	54,000	54,000
		Net book values
		At 30 June 2017	6,000	6,000
		At 30 June 2016	12,000	12,000

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 July 2016	6,079	16,465	2,915	25,459




		At 30 June 2017	6,079	16,465	2,915	25,459
		Depreciation
		At 1 July 2016	3,987	5,422	1,480	10,889
		Charge for the year	418	2,761	478	3,657



		At 30 June 2017	4,405	8,183	1,958	14,546
		Net book values
		At 30 June 2017	1,674	8,282	957	10,913
		At 30 June 2016	2,092	11,043	1,435	14,570

5	Debtors
			2017	2016
			£	£
		Trade debtors	31,540	47,836





		Other debtors	37,149	16,776
		Prepayments and accrued income	294	359
			68,983	64,971

6	Creditors:
		amounts falling due within one year
			2017	2016
			£	£






		Corporation tax	24,397	38,383
		Other taxes and social security	31,381	10,129
		Loans from directors	141,963	133,654

		Accruals and deferred income	8,064	5,647
			205,805	187,813

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2017	2016
			£	£
		Dividends for the period:
		Dividends paid in the period	65,000	60,000

			65,000	60,000

		Dividends by type:

		Equity dividends	65,000	60,000
			65,000	60,000

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

06091085

Its registered office is:

8 Edwards Way

Alsager

Stoke-on-Trent

Staffordshire

ST7 2YB