Cheltenham Facility Management Limited Filleted accounts for Companies House (small and micro)

CHELTENHAM FACILITY MANAGEMENT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08378333

Cheltenham Facility Management Limited

Filleted Unaudited Financial Statements

31 December 2017

Cheltenham Facility Management Limited

Statement of Financial Position

31 December 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	4	47,161	72,999
Cash at bank and in hand		12,219	6,435
		--------	--------
		59,380	79,434

Creditors: amounts falling due within one year	5	55,389		75,949
		--------		--------
Net current assets			3,991	3,485
			-------	-------
Total assets less current liabilities			3,991	3,485
			-------	-------
Net assets			3,991	3,485
			-------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	3,989	3,483
	-------	-------
Shareholders funds	3,991	3,485
	-------	-------

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 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 December 2018 , and are signed on behalf of the board by:

Mrs R J Costelloe
Director

Company registration number: 08378333

Cheltenham Facility Management Limited

Notes to the Financial Statements

Year ended 31 December 2017

1. General information

The company is a private company limited by shares, registered in . The address of the registered office is Montpellier House, Montpellier Drive, Cheltenham, Glos, GL50 1TY, UK.

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. Accounting policies

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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

4. Debtors

	2017	2016
	£	£
Trade debtors	1,816	19,745
Amounts owed by group undertakings and undertakings in which the company has a participating interest	41,986	53,254
Other debtors	3,359	–
	--------	--------
	47,161	72,999
	--------	--------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	31,359	47,074
Corporation tax	1,220	1,058
Social security and other taxes	–	5,007
Other creditors	22,810	22,810
	--------	--------
	55,389	75,949
	--------	--------

6. Related party transactions

The company was under the control of Mr R Costelloe and Mrs S Preston-Oversby throughout the current and previous year through virtue of their shareholding.