CSS (North West) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03633465 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2018 TO 31 MARCH 2019

FOR

CSS (NORTH WEST) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J F Beesley

Mr P Beesley

Mr L A Davies

SECRETARY:

Mr L A Davies

REGISTERED OFFICE:

Beesley & Fildes Ltd

Wilson Road

Liverpool

L36 6AF

REGISTERED NUMBER:

03633465 (England and Wales)

AUDITORS:

Fairhurst

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

-

312,910

CURRENT ASSETS

Stocks

-

418,280

Debtors

5

55

1,382,022

Cash at bank

-

133,357

55

1,933,659

CREDITORS

Amounts falling due within one year

6

-

1,642,511

NET CURRENT ASSETS

55

291,148

TOTAL ASSETS LESS CURRENT
LIABILITIES

55

604,058

CREDITORS

Amounts falling due after more than one
year

7

-

(44,636

)

PROVISIONS FOR LIABILITIES

-

(13,399

)

NET ASSETS

55

546,023

CAPITAL AND RESERVES

Called up share capital

9

55

Capital redemption reserve

10

-

45

Retained earnings

10

-

545,923

SHAREHOLDERS' FUNDS

55

546,023

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 28 November 2019 and were signed on its behalf
by:

Mr J F Beesley - Director

1.	STATUTORY INFORMATION

CSS (North West) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

20% on cost and 2% on cost

Plant and machinery etc

-

25% 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 period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 period was 16 (2018 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2018

195,000

297,019

492,019

Disposals

(195,000

)

(297,019

)

(492,019

)

At 31 March 2019

-

DEPRECIATION

At 1 October 2018

-

179,109

Charge for period

650

14,874

15,524

Eliminated on disposal

(650

)

(193,983

)

(194,633

)

At 31 March 2019

-

NET BOOK VALUE

At 31 March 2019

-

At 30 September 2018

195,000

117,910

312,910

The net book value of tangible fixed assets includes £NIL (2018 - £ 86,422 ) in respect of assets held under hire

purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

-

1,302,517

Amounts owed by group undertakings

55

-

Other debtors

-

79,505

55

1,382,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Hire purchase contracts

-

36,020

Trade creditors

-

1,430,501

Tax

-

62,361

Social security and other taxes

-

77,200

Other creditors

-

36,429

-

1,642,511

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2019

2018

£

Hire purchase contracts

-

44,636

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

Hire purchase contracts

-

80,656

Amount due to Factors

-

417,368

-

498,024

The amount due to factors is secured by a fixed charge over the company's book debts and is included in the

figure of trade creditors.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

55

Ordinary

1

55

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 October 2018

545,923

45

545,968

Profit for the period

114,869

Dividends

(660,837

)

(660,837

)

Transfer

45

(45

)

-

At 31 March 2019

-

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James J Weston FCCA (Senior Statutory Auditor)

for and on behalf of Fairhurst

12.	RELATED PARTY DISCLOSURES

On 18 December 2018, the entire share capital of the company was acquired by Beesley & Fildes Limited, a

company incorporated in England and Wales.

On 30 March 2019, the assets and liabilities of the company were transferred to Beesley & Fildes Limited.

During the period under review, total dividends of £NIL (2018 : £176,100) were paid to the former director.

13.	ULTIMATE CONTROLLING PARTY

By virtue of their shareholdings in the ultimate parent company, Mr J F Beesley and Mr P Beesley control the

company.