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No description of principal activity
2019-01-01
Sage Accounts Production Advanced 2019 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
03542902
2019-01-01
2019-12-31
03542902
2019-12-31
03542902
2018-12-31
03542902
2018-01-01
2018-12-31
03542902
2018-12-31
03542902
core:NetGoodwill
2019-01-01
2019-12-31
03542902
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2019-01-01
2019-12-31
03542902
core:MotorVehicles
2019-01-01
2019-12-31
03542902
bus:Director1
2019-01-01
2019-12-31
03542902
bus:Director2
2019-01-01
2019-12-31
03542902
core:NetGoodwill
2019-12-31
03542902
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2019-12-31
03542902
core:MotorVehicles
2018-12-31
03542902
core:MotorVehicles
2019-12-31
03542902
core:WithinOneYear
2019-12-31
03542902
core:WithinOneYear
2018-12-31
03542902
core:ShareCapital
2019-12-31
03542902
core:ShareCapital
2018-12-31
03542902
core:CapitalRedemptionReserve
2019-12-31
03542902
core:CapitalRedemptionReserve
2018-12-31
03542902
core:RetainedEarningsAccumulatedLosses
2019-12-31
03542902
core:RetainedEarningsAccumulatedLosses
2018-12-31
03542902
core:BetweenOneFiveYears
2019-12-31
03542902
core:MotorVehicles
2018-12-31
03542902
bus:SmallEntities
2019-01-01
2019-12-31
03542902
bus:AuditExemptWithAccountantsReport
2019-01-01
2019-12-31
03542902
bus:FullAccounts
2019-01-01
2019-12-31
03542902
bus:SmallCompaniesRegimeForAccounts
2019-01-01
2019-12-31
03542902
bus:PrivateLimitedCompanyLtd
2019-01-01
2019-12-31
03542902
core:PlantMachinery
2019-01-01
2019-12-31
03542902
core:PlantMachinery
2018-12-31
03542902
core:PlantMachinery
2019-12-31
03542902
bus:Director2
2019-12-31
03542902
bus:Director1
2019-12-31
03542902
core:Subsidiary1
2019-01-01
2019-12-31
03542902
core:Subsidiary1
2019-12-31
COMPANY REGISTRATION NUMBER:
03542902
Civil Defence Supply Limited
|
|
Filleted Unaudited Financial Statements
|
|
Civil Defence Supply Limited
|
|
Statement of Financial Position
|
|
31 December 2019
Fixed assets
Tangible assets
|
6
|
|
36,326
|
32,539
|
|
|
|
|
|
Current assets
Stocks
|
114,998
|
|
122,445
|
Debtors
|
7
|
472,474
|
|
541,759
|
Cash at bank and in hand
|
212,403
|
|
329,704
|
|
----------
|
|
----------
|
|
799,875
|
|
993,908
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
105,052
|
|
156,980
|
|
----------
|
|
----------
|
Net current assets
|
|
694,823
|
836,928
|
|
|
----------
|
----------
|
Total assets less current liabilities
|
|
731,149
|
869,467
|
|
|
|
|
|
Provisions
Taxation including deferred tax
|
|
–
|
11,657
|
|
|
----------
|
----------
|
Net assets
|
|
731,149
|
857,810
|
|
|
----------
|
----------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
20,000
|
20,000
|
Capital redemption reserve
|
|
10,000
|
10,000
|
Profit and loss account
|
|
701,149
|
827,810
|
|
|
----------
|
----------
|
Shareholders funds
|
|
731,149
|
857,810
|
|
|
----------
|
----------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Civil Defence Supply Limited
|
|
Statement of Financial Position (continued)
|
|
31 December 2019
These financial statements were approved by the
board of directors
and authorised for issue on
2 February 2021
, and are signed on behalf of the board by:
E N Bauer
|
G M Bauer
|
Director
|
Director
|
|
|
Company registration number:
03542902
Civil Defence Supply Limited
|
|
Notes to the Financial Statements
|
|
Year ended 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old School, Vicarage Lane, Wellingore, Lincoln, LN5 0JF.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company made a loss before tax of £138,318 for 2019. In addition and subsequent to the year-end, the UK has experienced a pandemic of the coronavirus. The potential effects to the company and its future prospects cannot be fully quantified but the directors remain committed to the protection of the business. This is being regularly reviewed by the directors. In addition the directors are mindful of the significant ongoing support being offered by the Government. Accordingly the financial statements have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: (i)Depreciation charges The annual depreciation charge for tangible assets is sensitive to changes in the useful economic lives and residual values of the assets. These are reviewed periodically by the director to ensure that they reflect both external and internal factors.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill
|
-
|
10% straight line
|
|
Development costs
|
-
|
20% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicles
|
-
|
25% reducing balance
|
|
Equipment
|
-
|
25% reducing balance
|
|
|
|
|
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2018:
17
).
5.
Intangible assets
|
Goodwill
|
Development costs
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 January 2019 and 31 December 2019
|
412,796
|
63,281
|
476,077
|
|
----------
|
---------
|
----------
|
Amortisation
|
|
|
|
At 1 January 2019 and 31 December 2019
|
412,796
|
63,281
|
476,077
|
|
----------
|
---------
|
----------
|
Carrying amount
|
|
|
|
At 31 December 2019
|
–
|
–
|
–
|
|
----------
|
---------
|
----------
|
At 31 December 2018
|
–
|
–
|
–
|
|
----------
|
---------
|
----------
|
|
|
|
|
6.
Tangible assets
|
Motor vehicles
|
Equipment
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 January 2019
|
71,407
|
160,303
|
231,710
|
Additions
|
–
|
11,954
|
11,954
|
Disposals
|
(
750)
|
–
|
(
750)
|
|
---------
|
----------
|
----------
|
At 31 December 2019
|
70,657
|
172,257
|
242,914
|
|
---------
|
----------
|
----------
|
Depreciation
|
|
|
|
At 1 January 2019
|
50,432
|
148,739
|
199,171
|
Charge for the year
|
3,262
|
4,634
|
7,896
|
Disposals
|
(
479)
|
–
|
(
479)
|
|
---------
|
----------
|
----------
|
At 31 December 2019
|
53,215
|
153,373
|
206,588
|
|
---------
|
----------
|
----------
|
Carrying amount
|
|
|
|
At 31 December 2019
|
17,442
|
18,884
|
36,326
|
|
---------
|
----------
|
----------
|
At 31 December 2018
|
20,975
|
11,564
|
32,539
|
|
---------
|
----------
|
----------
|
|
|
|
|
7.
Debtors
|
2019
|
2018
|
|
£
|
£
|
Trade debtors
|
24,022
|
93,246
|
Other debtors
|
448,452
|
448,513
|
|
----------
|
----------
|
|
472,474
|
541,759
|
|
----------
|
----------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
2019
|
2018
|
|
£
|
£
|
Trade creditors
|
36,165
|
100,120
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
6,614
|
6,614
|
Corporation tax
|
–
|
9,293
|
Social security and other taxes
|
20,044
|
11,656
|
Other creditors
|
42,229
|
29,297
|
|
----------
|
----------
|
|
105,052
|
156,980
|
|
----------
|
----------
|
|
|
|
9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2019
|
2018
|
|
£
|
£
|
Not later than 1 year
|
17,000
|
–
|
Later than 1 year and not later than 5 years
|
31,167
|
–
|
|
---------
|
----
|
|
48,167
|
–
|
|
---------
|
----
|
|
|
|
10.
Directors' advances, credits and guarantees
The directors loan account balances at the year end were £301,915 (2018: £298,490).
G M Bauer
owed £ 305
to the company (2018: £305) and E N Bauer
owed the company £ 301,610
(2018; £298,185). No interest is charged and amounts are repayable on demand.
11.
Related party transactions
During the year, transactions were entered into with CDS Research, a partnership in which directors E N Bauer and G M Bauer are partners. The balance owed to the partnership at the year end amounted to £6,614 (2018: £6,614). The company paid rents totalling £25,000 (2018: £25,000) in respect of properties owned by the directors and used by the company in its trade.