Charnwood Navigation Limited - Period Ending 2017-07-31
Charnwood Navigation Limited - Period Ending 2017-07-31
Registration number:
Charnwood Navigation Limited
Filleted
for the Year Ended 31 July 2017
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY
Charnwood Navigation Limited
Contents
Company Information |
|
Accountants' Report |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Financial Statements |
Charnwood Navigation Limited
Company Information
Directors |
Mr S Borley Mr G N Williams |
Company secretary |
Mr G N Williams |
Registered office |
|
Accountants |
|
Page 1 |
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Charnwood Navigation Limited
for the Year Ended 31 July 2017
As described on the balance sheet you are responsible for the compilation of the accounts for the year ended 31 July 2017, as set out on pages 3 to 6, and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled the unaudited accounts from the accounting records and from information and explanations supplied to us.
Hazell Drive
Newport
South Wales
NP10 8FY
Page 2 |
Charnwood Navigation Limited
(Registration number: 04580516)
Balance Sheet as at 31 July 2017
Note |
2017 |
2016 |
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Total equity |
|
|
For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr S Borley
Director
Page 3 |
Charnwood Navigation Limited
Statement of Changes in Equity for the Year Ended 31 July 2017
Share capital |
Total |
|
At 1 August 2016 |
|
|
At 31 July 2017 |
|
|
Share capital |
Total |
|
At 1 August 2015 |
|
|
At 31 July 2016 |
|
|
Page 4 |
Charnwood Navigation Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
General information |
The company registration number is: 04580516
The company is a private company limited by share capital incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Page 5 |
Charnwood Navigation Limited
Notes to the Financial Statements for the Year Ended 31 July 2017
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Debtors |
2017 |
2016 |
|
Trade debtors |
|
|
Creditors |
2017 |
2016 |
|
Due within one year |
||
Trade creditors |
|
|
Share capital |
Allotted, called up and fully paid shares
2017 |
2016 |
|||
No. |
£ |
No. |
£ |
|
|
|
2 |
|
2 |
Transition to FRS 102 |
The transition to FRS102 Section 1A small entities has resulted in no changes to the accounting policies to those used previously. There were also no restatements or remeasurements required to the profit and loss account or the balance sheet for the previous or current accounting period.
Page 6 |