C & D Facilities & Grounds Maintenance Limited Filleted accounts for Companies House (small and micro)

C & D FACILITIES & GROUNDS MAINTENANCE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06538253

C & D Facilities & Grounds Maintenance Limited

Filleted Unaudited Financial Statements

31 January 2018

C & D Facilities & Grounds Maintenance Limited

Financial Statements

Year ended 31 January 2018

Contents	Page

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Accounting policies	4

Notes to the financial statements	7

C & D Facilities & Grounds Maintenance Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of C & D Facilities & Grounds Maintenance Limited

Year ended 31 January 2018

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2018, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

BODDINGTON & COMPANY LIMITED Chartered Certified Accountants

3 Churchmeadows Bulford Road Shipton Bellinger Tidworth Hampshire SP9 7RL

23 October 2018

C & D Facilities & Grounds Maintenance Limited

Statement of Financial Position

31 January 2018

	2018		2017
Note	£	£	£

Fixed assets

Intangible assets	5	2,000	14,000
Tangible assets	6	201,484	225,124
		---------	---------
		203,484	239,124

Current assets

Stocks		2,500	3,000
Debtors	7	58,562	44,535
Cash at bank and in hand		102	8,102
		--------	--------
		61,164	55,637

Creditors: amounts falling due within one year	8	160,814		144,384
		---------		---------
Net current liabilities			99,650	88,747
			---------	---------
Total assets less current liabilities			103,834	150,377

Creditors: amounts falling due after more than one year	9		79,438	83,160

Provisions

Taxation including deferred tax	8,806	13,537
	---------	---------
Net assets	15,590	53,680
	---------	---------

Capital and reserves

Called up share capital	4	4
Profit and loss account	15,586	53,676
	--------	--------
Shareholders funds	15,590	53,680
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

C & D Facilities & Grounds Maintenance Limited

Statement of Financial Position (continued)

31 January 2018

These financial statements were approved by the board of directors and authorised for issue on 19 October 2018 , and are signed on behalf of the board by:

Mr. D. C. Wyeth
Director

Company registration number: 06538253

C & D Facilities & Grounds Maintenance Limited

Accounting Policies

Year ended 31 January 2018

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover, which is stated net of value added tax, is recognised as income as the company fulfils its contractual obligations to customers.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line on cost

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line on cost
Plant & machinery	-	20% - 50% straight line on cost
Fixtures & fittings	-	20% - 50% straight line on cost
Motor vehicles	-	20% - 33.3% straight line on cost

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

C & D Facilities & Grounds Maintenance Limited

Notes to the Financial Statements

Year ended 31 January 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 39 Wendover Way, Tilehurst, Reading, RG30 4RU, Berkshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2017: 14 ).

4. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2018	2017
	£	£
Dividends on equity shares	25,000	20,000
	--------	--------

5. Intangible assets

	Goodwill
	£
Cost
At 1 February 2017 and 31 January 2018	120,000
	---------
Amortisation
At 1 February 2017	106,000
Charge for the year	12,000
	---------
At 31 January 2018	118,000
	---------
Carrying amount
At 31 January 2018	2,000
	---------
At 31 January 2017	14,000
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 February 2017	164,670	180,692	13,952	104,818	464,132
Additions	–	8,375	–	–	8,375
Disposals	–	( 15,500)	–	( 37,605)	( 53,105)
	---------	---------	--------	---------	---------
At 31 January 2018	164,670	173,567	13,952	67,213	419,402
	---------	---------	--------	---------	---------
Depreciation
At 1 February 2017	7,231	134,617	13,167	83,993	239,008
Charge for the year	2,300	17,415	560	7,500	27,775
Disposals	–	( 11,260)	–	( 37,605)	( 48,865)
	---------	---------	--------	---------	---------
At 31 January 2018	9,531	140,772	13,727	53,888	217,918
	---------	---------	--------	---------	---------
Carrying amount
At 31 January 2018	155,139	32,795	225	13,325	201,484
	---------	---------	--------	---------	---------
At 31 January 2017	157,439	46,075	785	20,825	225,124
	---------	---------	--------	---------	---------

7. Debtors

	2018	2017
	£	£
Trade debtors	44,777	43,925
Other debtors	13,785	610
	--------	--------
	58,562	44,535
	--------	--------

8. Creditors: amounts falling due within one year

	2018	2017
	£	£
Bank loans and overdrafts	59,039	56,749
Trade creditors	19,162	17,508
Social security and other taxes	38,069	27,022
Other creditors and accruals	44,544	40,713
Other creditors	–	2,392
	---------	---------
	160,814	144,384
	---------	---------

9. Creditors: amounts falling due after more than one year

	2018	2017
	£	£
Bank loans and overdrafts	79,438	83,160
	--------	--------

10. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2018	2017
	£	£
Not later than 1 year	–	2,427
Less: future finance charges	–	( 35)
	----	-------
Present value of minimum lease payments	–	2,392
	----	-------

11. Related party transactions

The company was under the control of its Directors, who are also shareholders, throughout the year.