|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 April 2018 |
|
for |
|
Chris Eastwood Automotive Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 April 2018 |
|
for |
|
Chris Eastwood Automotive Limited |
Chris Eastwood Automotive Limited (Registered number: 03077064) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 4 |
|
Chris Eastwood Automotive Limited |
|
Company Information |
for the Year Ended 30 April 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
Chris Eastwood Automotive Limited (Registered number: 03077064) |
|
Abridged Statement of Financial Position |
30 April 2018 |
|
30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investment property | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Inv. property reval. reserve | 25,695 | 22,384 |
Retained earnings | 652,976 | 579,046 |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Chris Eastwood Automotive Limited (Registered number: 03077064) |
|
Abridged Statement of Financial Position - continued |
30 April 2018 |
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
Chris Eastwood Automotive Limited (Registered number: 03077064) |
|
Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
|
1. | STATUTORY INFORMATION |
|
Chris Eastwood Automotive Limited is a
|
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 |
|
|
Turnover |
Turnover represents net invoiced sales of services excluding value added tax. |
|
Income is recognised on the fair value of services supplied during the year. Sales are recognised in the |
accounting period in which the services are rendered. |
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
|
|
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
|
Investment properties which are defined as properties held either to earn rental income or for capital |
appreciation or both, are initially recognised at cost and are fair valued annually. Any gains or losses |
arising from a change in the fair value are recognised in the statement of total recognised gains and |
losses in the period that they occur through unrealised movement on revaluation of investment property. |
|
No depreciation is provided in respect of investment properties. This treatment is a departure from the |
requirements of the Companies Act 2006 which requires all properties to be depreciated. However, the |
Directors consider that these properties are not held for consumption but for investment and that to |
depreciate them would not give a true and fair view. The amount of depreciation which might otherwise |
have been charged cannot be separately identified or quantified as it is not practical to assess the |
estimated useful lives for investment properties. |
|
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 statement of financial position date. |
|
Chris Eastwood Automotive Limited (Registered number: 03077064) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
|
2. | ACCOUNTING POLICIES - continued |
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 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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2017 |
and 30 April 2018 |
|
AMORTISATION |
At 1 May 2017 |
and 30 April 2018 |
|
NET BOOK VALUE |
|
At 30 April 2018 |
|
At 30 April 2017 |
|
|
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2017 |
|
Additions |
|
At 30 April 2018 |
|
DEPRECIATION |
At 1 May 2017 |
|
Charge for year |
|
At 30 April 2018 |
|
NET BOOK VALUE |
At 30 April 2018 |
|
At 30 April 2017 |
|
Chris Eastwood Automotive Limited (Registered number: 03077064) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
|
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2017 |
|
Additions |
|
At 30 April 2018 |
|
NET BOOK VALUE |
At 30 April 2018 |
|
At 30 April 2017 |
|
|
Fair value at 30 April 2018 is represented by: |
|
£ |
Valuation in 2017 | 34,366 |
Valuation in 2018 | 8,619 |
Cost | 565,634 |
608,619 |
|
If investment properties had not been revalued they would have been included at the following historical cost: |
|
30.4.18 | 30.4.17 |
£ | £ |
Cost | 565,634 | 565,634 |
|
Investment properties were valued on an open market basis on 30 April 2018 by the directors . |
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
30.4.18 | 30.4.17 |
£ | £ |
Repayable by instalments |
Bank loans | 25,184 | 31,889 |
|
8. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
30.4.18 | 30.4.17 |
£ | £ |
Bank loans |
|
|