|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Company registration number:02648073
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CEL LEADWORK CONTRACTS LIMITED
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED FINANCIAL STATEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE YEAR ENDED 30 June 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CEL LEADWORK CONTRACTS LIMITED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AS AT 30 June 2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016 |
|
2015 |
|
|
|
Notes |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Tangible assets |
2 |
|
|
120,312
|
|
|
|
153,260
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
120,312
|
|
|
|
153,260
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Stocks |
|
115,311
|
|
|
|
100,272
|
|
|
|
|
Debtors |
|
1,081,841
|
|
|
|
981,205
|
|
|
|
|
Cash at bank and in hand |
|
614,057
|
|
|
|
99,596
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,811,209
|
|
|
|
1,181,073
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CREDITORS |
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
(1,329,150) |
|
|
|
(820,785) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET CURRENT ASSETS |
|
|
|
482,059
|
|
|
|
360,288
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS LESS |
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
602,371
|
|
|
|
513,548
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors falling due after one year |
|
|
(17,085) |
|
|
|
(31,156) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
(7,811) |
|
|
|
(12,864) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS |
|
|
|
577,475
|
|
|
|
469,528
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND RESERVES |
|
|
|
|
|
|
|
|
|
|
|
Called-up equity share capital |
4 |
|
|
45,001
|
|
|
|
45,001
|
|
Other Reserves |
|
|
|
24,999
|
|
|
|
24,999
|
|
Profit and loss account |
|
|
|
507,475
|
|
|
|
399,528
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
577,475
|
|
|
|
469,528
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ending 30 June 2016 the company was entitled to exemption 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 the accounts.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
.......................................................................... |
C Edwards
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28 March 2017
|
|
|
|
|
|
|
|
|
|
|
|
The annexed notes form part of these financial statements. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CEL LEADWORK CONTRACTS LIMITED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE YEAR ENDED 30 JUNE 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1. |
Accounting policies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basis of preparing the financial statements |
|
|
|
|
|
|
|
|
The accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Turnover |
|
|
|
|
|
|
|
|
|
|
Turnover, which is stated net of value added tax, represents amounts invoiced to third parties, except in respect of long-term contracts where turnover represents costs incurred on specific contracts, net of amounts transferred to cost of sales in respect of work recorded as turnover less foreseeable losses and payments on account not matched to turnover. Turnover is determined by reference to the value of the work carried out to date. No profit is recognised until the contract has advanced to a stage (normally when work exceeds 25% completion) where the total profit can be assessed with reasonable certainty. Provision is made in full for the full amount of foreseeable losses on contracts. Income arising from settlement of contract claims is recorded when final negotiations have been completed and the amount of the settlement is considered to be collectable.
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Plant and machinery 25% per annum on cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stocks and work In progress |
|
|
|
|
|
|
|
|
Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leasing |
|
|
|
|
|
|
|
|
|
|
Leasing rentals payable on agreements which transfer substantially all the risk and rewards associated with ownership of the lessee ("finance leases") are capitalised within fixed assets, and the obligation to pay future rentals included in creditors as a liability. The interest charges implicit in such a lease are written off to the profit and loss account in proportion to the balance outstanding during the year. All other leasing rentals ("operating leases") are written off to the profit and loss account over the life of the lease.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred taxation |
|
|
|
|
|
|
|
|
|
Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. |
Tangible fixed assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
At start of period |
|
416,947
|
|
|
Additions |
|
|
42,256
|
|
|
Disposals |
|
|
(42,856) |
|
|
At end of period |
|
416,347
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
|
|
|
At start of period |
|
263,687
|
|
|
Provided during the period |
|
63,360
|
|
|
On disposals |
|
|
(31,012) |
|
|
At end of period |
|
296,035
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Book Value |
|
|
|
|
|
|
|
|
|
|
At start of period |
|
153,260
|
|
|
At end of period |
|
120,312
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3. |
Creditors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Of the creditors due within one year £ 28,839 (2015 £32,842) is secured |
|
|
|
|
|
|
|
|
|
|
Of the creditors due after more than one year £ 17,085 (2015 £31,156) is secured. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4. |
Share capital |
|
|
Allotted, issued and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016 |
2015 |
|
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary 'A' shares of £1 each
|
|
25,001
|
25,001
|
|
|
|
|
Ordinary 'B' shares of £1 each
|
|
20,000
|
20,000
|
|
|
|
|
Total issued share capital |
|
45,001 |
45,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5. |
Transactions with directors |
|
|
|
|
|
|
|
|
|
During the year the company had entered into the following transactions with the director C Edwards: Rental charges of £24,000 (2015 £24,000) to the director for use of the company's premises. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6. |
Ultimate controlling party |
|
|
|
|
|
|
|
|
|
C Edwards is the company's ultimate controlling party by virtue of his majority shareholding in the parent company Progress Roofing Limited.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7. |
Ultimate holding company |
|
|
|
|
|
|
|
|
|
The ultimate holding company is Progress Roofing Limited, a company incorporated in England and Wales. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|