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Financial Statements for the Year Ended 30 November 2018 |
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California Enterprises Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 30 November 2018 |
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for |
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California Enterprises Limited |
California Enterprises Limited (Registered number: 06749319) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2018 |
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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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California Enterprises Limited |
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Company Information |
for the Year Ended 30 November 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1C Amberside |
Wood Lane |
Hemel Hempstead |
Hertfordshire |
HP2 4TP |
California Enterprises Limited (Registered number: 06749319) |
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Balance Sheet |
30 November 2018 |
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30.11.18 | 30.11.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
California Enterprises Limited (Registered number: 06749319) |
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Balance Sheet - continued |
30 November 2018 |
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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 Board of Directors on
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California Enterprises Limited (Registered number: 06749319) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2018 |
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1. | STATUTORY INFORMATION |
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California Enterprises Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis which is dependent upon the company's |
directors and shareholders continuing to provide the necessary financial facilities to enable the company to |
continue in operation for the foreseeable future. |
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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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Goodwill |
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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. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - 2 ). |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 December 2017 |
and 30 November 2018 |
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AMORTISATION |
At 1 December 2017 |
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Amortisation for year |
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At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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California Enterprises Limited (Registered number: 06749319) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
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5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2017 |
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Additions |
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At 30 November 2018 |
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DEPRECIATION |
At 1 December 2017 |
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Charge for year |
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At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade debtors |
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Amounts owed by associates |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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Directors' current accounts | 174,614 | 171,231 |
Accrued expenses |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Bank loans 2-5 years |
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9. | PROVISIONS FOR LIABILITIES |
30.11.18 | 30.11.17 |
£ | £ |
Deferred tax | 4,425 | 3,491 |
California Enterprises Limited (Registered number: 06749319) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
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9. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 December 2017 |
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Provided during year |
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Balance at 30 November 2018 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.18 | 30.11.17 |
value: | £ | £ |
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ordinary | 1 | 2 | 2 |
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11. | RESERVES |
Retained |
earnings |
£ |
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At 1 December 2017 | ( |
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Deficit for the year | ( |
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At 30 November 2018 | ( |
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12. | RELATED PARTY DISCLOSURES |
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The directors and shareholders of California Enterprises Limited are also the directors and shareholders of De |
Kar Chauffeur Services Limited. |
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During the year, California Enterprises Limited invoiced Kar Chauffeur Services £14,300 for management |
consultancy. This transaction was at arms length. |
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As at the balance sheet date, the amount owed to California Enterprises Limited is £24,000 (2017: £14,200). |
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This loan is at 0% interest and is repayable on demand. |