|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
Audited Financial Statements |
|
for the Year Ended 31 March 2018 |
|
for |
|
Campbell Smith & Company Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
Audited Financial Statements |
|
for the Year Ended 31 March 2018 |
|
for |
|
Campbell Smith & Company Limited |
Campbell Smith & Company Limited (Registered number: 00050470) |
|
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
Campbell Smith & Company Limited |
|
Company Information |
for the Year Ended 31 March 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
SENIOR STATUTORY AUDITOR: |
|
|
|
|
AUDITORS: |
|
Chartered Accountants and Statutory Auditor |
92 Park Street |
Camberley |
Surrey |
GU15 3NY |
Campbell Smith & Company Limited (Registered number: 00050470) |
|
Statement of Financial Position |
31 March 2018 |
|
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
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
by: |
|
|
|
|
|
|
|
Campbell Smith & Company Limited (Registered number: 00050470) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
|
|
1. | STATUTORY INFORMATION |
|
Campbell Smith & Company 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 amounts receivable for goods and services net of value added tax and trade discounts. |
|
Profit is recognised on long term contracts, if the final outcome can be assessed with reasonable certainty, by |
including in the income statement turnover and related costs as contract activity progresses. Turnover is |
calculated by a surveyors valuation less any provisions for non-recovery. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
|
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. |
|
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. |
|
Leasing commitments |
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period |
of the lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions are charged to the income |
statement in the period to which they relate. |
|
Long term contracts |
Amounts recoverable under long term contracts, which are included in debtors, are stated at the net sales value |
of the work done after provision for contingencies and anticipated future losses on contracts, less amounts |
received as progress payments on account. Excess progress payments are included in creditors as payments on |
account. |
Campbell Smith & Company Limited (Registered number: 00050470) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | AUDITORS' REMUNERATION |
2018 | 2017 |
£ | £ |
Fees payable to the company's auditors for the audit of the company's
financial statements |
2,500 |
2,500 |
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
|
|
|
Additions |
|
|
|
Disposals | ( |
) | ( |
) | ( |
) |
At 31 March 2018 |
|
|
|
DEPRECIATION |
At 1 April 2017 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 March 2018 |
|
|
|
NET BOOK VALUE |
At 31 March 2018 |
|
|
|
At 31 March 2017 |
|
|
|
|
6. | DEBTORS |
2018 | 2017 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Amounts recoverable on contract |
|
|
Prepayments |
|
|
|
|
|
Amounts falling due after more than one year: |
Trade debtors |
|
|
|
Aggregate amounts |
|
|
Campbell Smith & Company Limited (Registered number: 00050470) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Tax |
|
|
Social security and other taxes |
|
|
VAT | 22,080 | 48,976 |
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
|
8. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2018 | 2017 |
£ | £ |
Within one year |
|
|
|
9. | SECURED DEBTS |
|
Barclays Bank Plc has a fixed and floating charge over the undertaking and its assets present and future. |
|
10. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 1,008 | 762 |
|
Deferred |
tax |
£ |
Balance at 1 April 2017 |
|
Capital allowances in advance | 246 |
Balance at 31 March 2018 |
|
|
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
12. | CONTINGENT LIABILITIES |
|
The bank holds an unlimited supported cross-guarantee between all four group companies. |
|
13. | RELATED PARTY DISCLOSURES |
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
Campbell Smith & Company Limited (Registered number: 00050470) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
|
14. | ULTIMATE CONTROLLING PARTY |
|
The immediate and ultimate parent company, and controlling party is Cousins Group (Contractors) Ltd of 99 Fleet |
Road, Fleet, Hampshire GU51 3PJ. Cousins Group (Contractors) Ltd is the parent company of the largest and |
smallest of the group for which consolidated accounts are prepared. |