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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 |
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JAMES COTTRELL & SONS (LANGFORD) LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018 |
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FOR |
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JAMES COTTRELL & SONS (LANGFORD) LTD |
JAMES COTTRELL & SONS (LANGFORD) LTD (REGISTERED NUMBER: 00631780) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
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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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JAMES COTTRELL & SONS (LANGFORD) LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 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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St. John's House |
Castle Street |
TAUNTON |
Somerset |
TA1 4AY |
JAMES COTTRELL & SONS (LANGFORD) LTD (REGISTERED NUMBER: 00631780) |
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BALANCE SHEET |
30 APRIL 2018 |
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30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium | 8 |
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Retained earnings | 8 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
JAMES COTTRELL & SONS (LANGFORD) LTD (REGISTERED NUMBER: 00631780) |
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BALANCE SHEET - continued |
30 APRIL 2018 |
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The financial statements were approved by the Board of Directors on
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JAMES COTTRELL & SONS (LANGFORD) LTD (REGISTERED NUMBER: 00631780) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
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1. | STATUTORY INFORMATION |
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James Cottrell & Sons (Langford) Ltd is a
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The 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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Turnover |
This represents the share of profits of the partnership of which James Cottrell & Sons (Langford) Ltd is a |
member. |
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Tangible fixed assets |
No further depreciation has been provided on the property improvement expenditure as it is considered |
inappropriate due to the open market value of the properties and improvements being well in excess of Balance |
Sheet value. |
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Depreciation is provided on plant and equipment at the rate of 15% of cost per annum on a straight line basis in |
order to write off each asset over its estimated useful life. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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JAMES COTTRELL & SONS (LANGFORD) LTD (REGISTERED NUMBER: 00631780) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2018 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 May 2017 |
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Additions |
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Disposals | ( |
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At 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | PROVISIONS FOR LIABILITIES |
30.4.18 | 30.4.17 |
£ | £ |
Deferred tax | 18,372 | 21,106 |
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Deferred |
tax |
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Balance at 1 May 2017 |
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Unused amounts reversed during year | ( |
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Balance at 30 April 2018 |
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JAMES COTTRELL & SONS (LANGFORD) LTD (REGISTERED NUMBER: 00631780) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2018 |
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8. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 May 2017 |
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433,497 |
Deficit for the year | ( |
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Dividends | ( |
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At 30 April 2018 |
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404,756 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The directors are all members of the partnership in which the company is involved. They, therefore, have an |
interest in all of the transactions of the company. All transactions take place on an open market basis. |
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10. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £27,800 (2017 - £30,880) were paid to the directors . |
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J. T. Cottrell, I.T. Cottrell, Mrs H. M. Cottrell and Leadkara Ltd are related parties, all being members of the James Cottrell and Sons partnership of which the company is a partner . They therefore have an interest in all of the partnership transactions to which the company is also a party . |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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