Celtek Electronics Limited
|
Registered Number
:
02412103
|
For the year ended 31 August 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2020
Celtek Electronics Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Celtek Electronics Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
372
608
2
372
608
14,000
8,750
3
Trade and other receivables
|
6,305
970
4
5,127
Cash and cash equivalents
|
11,395
21,115
25,432
Trade and other payables
:
amounts falling due within one
|
year
|
(35,147)
(35,942)
5
(9,715)
(14,827)
Net current liabilities
Total assets less current liabilities
|
(14,455)
(9,107)
(14,455)
Net liabilities
(9,107)
2,200
2,200
(16,655)
(11,307)
(14,455)
(9,107)
Shareholders' funds
For the year ended 31 August 2020 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 of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006
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The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 24 September 2020 and were signed by:
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The notes form part of these financial statements
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1 of 4
For the year ended 31 August 2020
Celtek Electronics Limited
Notes to the Financial Statements
Statutory Information
Celtek Electronics Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
02412103
.
|
10 Sidmouth Grove
Cheadle Hulme
Cheshire
SK8 6JQ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of FRS
102
Section
1
A small
|
entities
.
There were no material departures form that standard
.
|
The principal accounting policies adopted in the preparation of these accounts are set out below and have
|
remained unchanged from the previous year and have also been consistantly applied within the same accounts
.
|
The basis of preparation of these accounts has been under the historical cost convention and assume the
|
continuing financial support of the director of the company
.
|
Revenue recognition
Income represents the invoiced value of work done and services carried out by the company, excluding value added tax.
|
Goodwill
Goodwill has been written off on a straight line basis over five years.
Property, plant and equipment
Property plant and equipment are stated at cost less depreciation.Depreciation is provided at rates appropriate to write off the cost of the assets on a straight line basis over their estimated useful lives on the following basis:Plant and fixtures 25% per annum
|
Deferred tax
Deferred taxation is provided on the lability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material differences.
|
2 of 4
For the year ended 31 August 2020
Celtek Electronics Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
16,031
416
(583)
15,864
Provision for depreciation and impairment
|
15,423
Charge for year
568
(499)
15,492
372
608
2019
2020
8,750
14,000
4
.
Trade and other receivables
|
2019
2020
970
5,441
-
864
6,305
970
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
Taxation and social security
|
664
1,026
35,278
34,121
35,942
35,147
3 of 4
For the year ended 31 August 2020
Celtek Electronics Limited
Notes to the Financial Statements Continued
6
.
Average number of persons employed
|
During the year the average number of employees was 2 (2019 : 2)
4 of 4