Colne Contracts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06200896 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2018

for

Colne Contracts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S L Fuller

A N Purdy

A J Walther

T U Walther

Mrs C Walther

REGISTERED OFFICE:

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

REGISTERED NUMBER:

06200896 (England and Wales)

ACCOUNTANTS:

Aaron Clarke Accountants

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

FIXED ASSETS

Tangible assets

4

46,971

60,956

CURRENT ASSETS

Stocks

500

500

Debtors

5

42,075

21,106

Cash at bank

276,267

229,605

318,842

251,211

CREDITORS

Amounts falling due within one year

6

50,136

36,225

NET CURRENT ASSETS

268,706

214,986

TOTAL ASSETS LESS CURRENT LIABILITIES

315,677

275,942

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

314,677

274,942

SHAREHOLDERS' FUNDS

315,677

275,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2018 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 24 December 2018 and were signed on its behalf by:

A J Walther - Director

1.	STATUTORY INFORMATION

Colne Contracts 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 cost

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 6 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2017

98,179

Additions

5,000

Disposals

(3,338

)

At 5 April 2018

99,841

DEPRECIATION

At 6 April 2017

37,223

Charge for year

15,647

At 5 April 2018

52,870

NET BOOK VALUE

At 5 April 2018

46,971

At 5 April 2017

60,956

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.18

5.4.17

£

£

Trade debtors

38,422

14,800

Other debtors

3,653

6,306

42,075

21,106

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.18

5.4.17

£

£

Trade creditors

10,664

21,177

Taxation and social security

22,705

4,499

Other creditors

16,767

10,549

50,136

36,225

7.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Walther.