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Unaudited Financial Statements |
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for the Year Ended 30 April 2020 |
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for |
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Clayton Ponting Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2020 |
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for |
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Clayton Ponting Limited |
Clayton Ponting Limited (Registered number: 00616847) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Clayton Ponting Limited |
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Company Information |
for the Year Ended 30 April 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Bennett House |
The Dean |
Alresford |
Hampshire |
SO24 9BH |
Clayton Ponting Limited (Registered number: 00616847) |
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Balance Sheet |
30 April 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
Clayton Ponting Limited (Registered number: 00616847) |
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Balance Sheet - continued |
30 April 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Clayton Ponting Limited (Registered number: 00616847) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2020 |
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1. | STATUTORY INFORMATION |
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Clayton Ponting Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks have been valued at cost or, if lower, net realisable value. The valuation has been carried out in accordance with the relevant technical standards by professional valuers. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Clayton Ponting Limited (Registered number: 00616847) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
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4. | TANGIBLE FIXED ASSETS |
Improvement |
Freehold | to | Plant and |
property | property | machinery |
£ | £ | £ |
COST |
At 1 May 2019 |
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Additions |
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At 30 April 2020 |
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DEPRECIATION |
At 1 May 2019 |
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Charge for year |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 May 2019 |
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Additions |
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At 30 April 2020 |
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DEPRECIATION |
At 1 May 2019 |
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Charge for year |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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Included in cost of land and buildings is freehold land of £ 150,261 (2019 - £ 150,261 ) which is not depreciated. |
Clayton Ponting Limited (Registered number: 00616847) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST |
At 1 May 2019 |
and 30 April 2020 |
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DEPRECIATION |
At 1 May 2019 |
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Charge for year |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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VAT |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Social security and other taxes |
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Directors' loan accounts | 752,664 | 668,245 |
Accrued expenses |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Bank loans - 1-2 years |
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Hire purchase contracts |
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Clayton Ponting Limited (Registered number: 00616847) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
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8. | RELATED PARTY DISCLOSURES |
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Mr C D Ponting |
Director of the company. |
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During the year, the Director provided a loan to the company of £752,664 (2019: £668,245). The loan is interest free and repayable on demand. |
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Clayton Ponting Executive Pension Scheme |
A pension scheme of which the director is a member. |
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During the year under review the company paid rent of £5,020 (2019: £4,900) to the Clayton Ponting Executive Pension Scheme. |
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9. | POST BALANCE SHEET EVENTS |
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The director has considered the impact of the current COVID-19 pandemic on the company and whilst detrimental, it has not affected the company's ability to continue in operational existence. Further disclosures will be made in the 2021 accounts. |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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11. | GOING CONCERN |
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The company remains reliant on the financial support of the director. Having considered a period of twelve months from the date of approving these financial statements, the director believes there will be an improvement in cash inflows. He has also agreed not to withdraw his loan if it would render the company unable to meet its financial obligations. On this basis, the accounts have been prepared on a going concern basis. |