Company Registration No. 05603733 (England and Wales)
CLARKE ROBINSON & CO LTD
Unaudited accounts
for the year ended 31 December 2019
CLARKE ROBINSON & CO LTD
Unaudited accounts
Contents
CLARKE ROBINSON & CO LTD
Company Information
for the year ended 31 December 2019
Company Number
05603733 (England and Wales)
Registered Office
ADCROFT HOUSE 15 ROATH ROAD
PORTISHEAD
BRISTOL
BS20 6AW
Accountants
P B S Accounting Services Ltd
Adcroft House
15 Roath Road
Portishead
North Somerset
BS20 6AW
CLARKE ROBINSON & CO LTD
Statement of financial position
as at
31 December 2019
Tangible assets
5,094
5,476
Cash at bank and in hand
67,151
65,295
Creditors: amounts falling due within one year
(45,975)
(49,300)
Net current assets
22,502
20,344
Total assets less current liabilities
27,596
25,820
Provisions for liabilities
Deferred tax
(1,113)
(1,040)
Called up share capital
1,000
1,000
Profit and loss account
25,483
23,780
Shareholders' funds
26,483
24,780
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2020 and were signed on its behalf by
Mr S Robinson
Director
Company Registration No. 05603733
CLARKE ROBINSON & CO LTD
Notes to the Accounts
for the year ended 31 December 2019
CLARKE ROBINSON & CO LTD is a private company, limited by shares, registered in England and Wales, registration number 05603733. The registered office is ADCROFT HOUSE 15 ROATH ROAD, PORTISHEAD, BRISTOL, BS20 6AW.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% - reducing balance
Computer equipment
33% - reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
CLARKE ROBINSON & CO LTD
Notes to the Accounts
for the year ended 31 December 2019
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2019
3,435
13,353
16,788
At 31 December 2019
4,165
13,832
17,997
At 1 January 2019
872
10,440
11,312
Charge for the year
460
1,131
1,591
At 31 December 2019
1,332
11,571
12,903
At 31 December 2019
2,833
2,261
5,094
At 31 December 2018
2,563
2,913
5,476
Trade debtors
1,096
4,119
Accrued income and prepayments
230
230
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
10,871
10
Taxes and social security
509
560
Loans from directors
33,825
47,262
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Share capital
2019
2018
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £ 4,544 (2018 £ 5,806). Contributions outstanding at the year end amounted to £ 0 (2018 £ 667).
CLARKE ROBINSON & CO LTD
Notes to the Accounts
for the year ended 31 December 2019
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Operating lease commitments
2019
2018
At 31 December 2019 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
5,625
5,625
10
Average number of employees
During the year the average number of employees was 5 (2018: 5).