Company Registration No. 05603733 (England and Wales)
CLARKE ROBINSON & CO LTD
Unaudited accounts
for the year ended 31 December 2017
CLARKE ROBINSON & CO LTD
Unaudited accounts
Contents
CLARKE ROBINSON & CO LTD
Company Information
for the year ended 31 December 2017
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 2017
Tangible assets
7,627
4,948
Cash at bank and in hand
77,476
70,773
Creditors: amounts falling due within one year
(62,605)
(55,712)
Net current assets
17,960
17,926
Total assets less current liabilities
25,587
22,874
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
23,595
20,884
Shareholders' funds
24,595
21,884
For the year ending 31 December 2017 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.
Approved by the Board on 8 August 2018.
Mr S Robinson
Director
Company Registration No. 05603733
CLARKE ROBINSON & CO LTD
Notes to the Accounts
for the year ended 31 December 2017
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.
2
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 2017
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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2017
2,824
10,443
13,267
Additions
2,825
3,620
6,445
Disposals
(2,214)
(710)
(2,924)
At 31 December 2017
3,435
13,353
16,788
At 1 January 2017
1,760
6,559
8,319
Charge for the year
1,180
2,586
3,766
On disposals
(2,214)
(710)
(2,924)
At 31 December 2017
726
8,435
9,161
At 31 December 2017
2,709
4,918
7,627
At 31 December 2016
1,064
3,884
4,948
Accrued income and prepayments
2,100
-
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
4,159
4,686
Loans from directors
57,795
49,337
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Share capital
2017
2016
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 £ 6,302 (2016 £ 6,933). Contributions outstanding at the year end amounted to £ nil (2016 £ nil).
CLARKE ROBINSON & CO LTD
Notes to the Accounts
for the year ended 31 December 2017
9
Operating lease commitments
2017
2016
At 31 December 2017 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
33,250
15,000
10
Average number of employees
During the year the average number of employees was 5 (2016: 3).
11
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 January 2016
31 December 2016
Capital and reserves (as previously stated)
22,539
21,884
Transition adjusrtment
-
-
Capital and reserves (as restated)
22,539
21,884
Reconciliation of profit or loss for the year
31 December 2016
Profit for the year (as previously stated)
19,345
Profit for the year (as restated)
19,345