Cornish Signs (Herts) Limited - Accounts to registrar (filleted) - small 18.1

Cornish Signs (Herts) Limited - Accounts to registrar (filleted) - small 18.1

CORNISH SIGNS (HERTS) LIMITED - Company Information

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REGISTERED NUMBER: 08282032 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

CORNISH SIGNS (HERTS) LIMITED
CORNISH SIGNS (HERTS) LIMITED (REGISTERED NUMBER: 08282032)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CORNISH SIGNS (HERTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: B P Cornish
Ms C Sharp
R Cornish





SECRETARY: A J Company Formations Limited





REGISTERED OFFICE: The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE





REGISTERED NUMBER: 08282032 (England and Wales)





ACCOUNTANTS: Ashley James Limited
The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE
Page 1
CORNISH SIGNS (HERTS) LIMITED (REGISTERED NUMBER: 08282032)

BALANCE SHEET
31 DECEMBER 2017

31/12/17 31/12/16
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,680 3,397

CURRENT ASSETS
Stocks 2,425 2,200
Debtors 5 49,508 50,178
Cash at bank 147,514 107,784
199,447 160,162
CREDITORS
Amounts falling due within one year 6 (52,357 ) (58,766 )
NET CURRENT ASSETS 147,090 101,396
TOTAL ASSETS LESS CURRENT
LIABILITIES
150,770
104,793

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 150,670 104,693
SHAREHOLDERS' FUNDS 150,770 104,793

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 3 May 2018 and were signed on its behalf by:





B P Cornish - Director


The notes form part of these financial statements

Page 2
CORNISH SIGNS (HERTS) LIMITED (REGISTERED NUMBER: 08282032)

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

1. STATUTORY INFORMATION

Cornish Signs (Herts) 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 - 25% on reducing balance, 25% on cost and 20% 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.

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 3 (2016 - 2 ) .

Page 3 continued...
CORNISH SIGNS (HERTS) LIMITED (REGISTERED NUMBER: 08282032)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 9,323
Additions 1,535
At 31 December 2017 10,858
DEPRECIATION
At 1 January 2017 5,926
Charge for year 1,252
At 31 December 2017 7,178
NET BOOK VALUE
At 31 December 2017 3,680
At 31 December 2016 3,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/17 31/12/16
£    £   
Trade debtors 46,890 48,225
Other debtors 2,618 1,953
49,508 50,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/17 31/12/16
£    £   
Trade creditors 14,546 20,050
Taxation and social security 31,406 21,874
Other creditors 6,405 16,842
52,357 58,766

Page 4