The New Cavalier Limited - Accounts to registrar (filleted) - small 18.1

The New Cavalier Limited - Accounts to registrar (filleted) - small 18.1

THE NEW CAVALIER LIMITED - Company Information

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REGISTERED NUMBER: 08651223 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2017

for

The New Cavalier Limited
The New Cavalier Limited (Registered number: 08651223)






Contents of the Financial Statements
for the Year Ended 31 August 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The New Cavalier Limited

Company Information
for the Year Ended 31 August 2017







DIRECTOR: C Bewick





REGISTERED OFFICE: 115 Chester Road
Sunderland
Tyne and Wear
SR4 7HG





REGISTERED NUMBER: 08651223 (England and Wales)





ACCOUNTANTS: Michael Adamson & Co
Chartered Certified Acc'ts
115 Chester Road
Sunderland
SR4 7HG
Page 1
The New Cavalier Limited (Registered number: 08651223)

Balance Sheet
31 August 2017

31.8.17 31.8.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,212 8,798

CURRENT ASSETS
Stocks 8,650 7,321
Debtors 5 27,677 4,226
Cash at bank and in hand 64,501 90,840
100,828 102,387
CREDITORS
Amounts falling due within one year 6 24,069 33,082
NET CURRENT ASSETS 76,759 69,305
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,971
78,103

PROVISIONS FOR LIABILITIES 990 1,760
NET ASSETS 80,981 76,343

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,881 76,243
SHAREHOLDERS' FUNDS 80,981 76,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 notes form part of these financial statements

Page 2 continued...
The New Cavalier Limited (Registered number: 08651223)

Balance Sheet - continued
31 August 2017


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 25 May 2018 and were signed by:





C Bewick - Director


The notes form part of these financial statements

Page 3
The New Cavalier Limited (Registered number: 08651223)

Notes to the Financial Statements
for the Year Ended 31 August 2017

1. STATUTORY INFORMATION

The New Cavalier 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.
Plant and machinery etc - 33% 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
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 5 .

Page 4 continued...
The New Cavalier Limited (Registered number: 08651223)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2016
and 31 August 2017 15,466
DEPRECIATION
At 1 September 2016 6,668
Charge for year 3,586
At 31 August 2017 10,254
NET BOOK VALUE
At 31 August 2017 5,212
At 31 August 2016 8,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Trade debtors 6,342 500
Other debtors 21,335 3,726
27,677 4,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Trade creditors 14,439 10,438
Amounts owed to associates 3,813 3,813
Taxation and social security 2,083 11,434
Other creditors 3,734 7,397
24,069 33,082

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2017 and
31 August 2016:

31.8.17 31.8.16
£    £   
C Bewick
Balance outstanding at start of year 3,850 2,950
Amounts advanced - 900
Amounts repaid (13,170 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,320 ) 3,850

The loans were repaid in full after the year end

Page 5 continued...
The New Cavalier Limited (Registered number: 08651223)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

8. RELATED PARTY DISCLOSURES

PD Jeffries, a shareholder in the company, owed the company £6,000 (2016 (£Nil) at the balance sheet date.
The loans were repaid in full after the year end.

Page 6