false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2018-01-01
Sage Accounts Production Advanced 2018 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
5815225
2018-01-01
2018-12-31
5815225
2018-12-31
5815225
2017-12-31
5815225
2017-01-01
2017-12-31
5815225
2017-12-31
5815225
core:FurnitureFittings
2018-01-01
2018-12-31
5815225
core:MotorVehicles
2018-01-01
2018-12-31
5815225
bus:LeadAgentIfApplicable
2018-01-01
2018-12-31
5815225
bus:Director1
2018-01-01
2018-12-31
5815225
core:FurnitureFittings
2017-12-31
5815225
core:MotorVehicles
2017-12-31
5815225
core:FurnitureFittings
2018-12-31
5815225
core:MotorVehicles
2018-12-31
5815225
core:WithinOneYear
2018-12-31
5815225
core:WithinOneYear
2017-12-31
5815225
core:AfterOneYear
2018-12-31
5815225
core:ShareCapital
2018-12-31
5815225
core:ShareCapital
2017-12-31
5815225
core:RetainedEarningsAccumulatedLosses
2018-12-31
5815225
core:RetainedEarningsAccumulatedLosses
2017-12-31
5815225
core:FurnitureFittings
2017-12-31
5815225
core:MotorVehicles
2017-12-31
5815225
bus:SmallEntities
2018-01-01
2018-12-31
5815225
bus:AuditExemptWithAccountantsReport
2018-01-01
2018-12-31
5815225
bus:FullAccounts
2018-01-01
2018-12-31
5815225
bus:SmallCompaniesRegimeForAccounts
2018-01-01
2018-12-31
5815225
bus:PrivateLimitedCompanyLtd
2018-01-01
2018-12-31
5815225
core:PlantMachinery
2018-01-01
2018-12-31
5815225
core:PlantMachinery
2017-12-31
5815225
core:PlantMachinery
2018-12-31
COMPANY REGISTRATION NUMBER:
5815225
Filleted Unaudited Financial Statements
|
|
for the year ended 31st December 2018
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
|
1
|
|
|
Statement of financial position
|
2 to 3
|
|
|
Notes to the financial statements
|
4 to 7
|
|
|
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Coda Builders Limited
|
|
for the year ended 31st December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coda Builders Limited for the year ended 31st December 2018, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Coda Builders Limited in accordance with the terms of our engagement letter dated 30th August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Coda Builders Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coda Builders Limited and its director for our work or for this report.
It is your duty to ensure that Coda Builders Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coda Builders Limited. You consider that Coda Builders Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Coda Builders Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MOORE THOMPSON
Chartered Accountants
Monica House
St. Augustines Road
Wisbech
PE13 3AD
Dated:
6 June 2019
Statement of Financial Position
|
|
as at
31 December 2018
Fixed assets
Tangible assets
|
5
|
|
46,522
|
|
31,728
|
|
|
|
|
|
|
Current assets
Stocks
|
427,020
|
|
127,637
|
|
Debtors
|
6
|
2,840
|
|
–
|
|
Cash at bank and in hand
|
3,440
|
|
4,540
|
|
|
---------
|
|
---------
|
|
|
433,300
|
|
132,177
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
476,701
|
|
148,139
|
|
|
---------
|
|
---------
|
|
Net current liabilities
|
|
43,401
|
|
15,962
|
|
|
--------
|
|
--------
|
Total assets less current liabilities
|
|
3,121
|
|
15,766
|
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
8
|
|
19,250
|
|
–
|
|
|
--------
|
|
--------
|
Net (liabilities)/assets
|
|
(
16,129)
|
|
15,766
|
|
|
--------
|
|
--------
|
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
2
|
|
2
|
Profit and loss account
|
|
(
16,131)
|
|
15,764
|
|
|
--------
|
|
--------
|
Shareholders (deficit)/funds
|
|
(
16,129)
|
|
15,766
|
|
|
--------
|
|
--------
|
|
|
|
|
|
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 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 31st December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued)
|
|
as at
31 December 2018
These financial statements were approved by the
board of directors
and authorised for issue on
31 May 2019
, and are signed on behalf of the board by:
Company registration number:
5815225
Notes to the Financial Statements
|
|
for the year ended 31st December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rushmoor, Ryefield Lane, Holbeach Fen, Spalding, Lincolnshire, PE12 8PS.
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 is considered a going concern based on the continued support of the director.
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.
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:
|
Fixtures and fittings
|
-
|
10% reducing balance
|
|
Motor vehicles
|
-
|
25% reducing balance
|
|
Equipment
|
-
|
10% 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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2017:
2
).
5.
Tangible assets
|
Fixtures and fittings
|
Motor vehicles
|
Equipment
|
Total
|
|
£
|
£
|
£
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
At 1st January 2018
|
3,334
|
42,577
|
23,865
|
69,776
|
Additions
|
390
|
29,000
|
290
|
29,680
|
Disposals
|
–
|
(
20,091)
|
–
|
(
20,091)
|
|
-------
|
--------
|
--------
|
--------
|
At 31st December 2018
|
3,724
|
51,486
|
24,155
|
79,365
|
|
-------
|
--------
|
--------
|
--------
|
Depreciation
|
|
|
|
|
At 1st January 2018
|
2,394
|
24,580
|
11,074
|
38,048
|
Charge for the year
|
979
|
11,466
|
1,308
|
13,753
|
Disposals
|
–
|
(
18,958)
|
–
|
(
18,958)
|
|
-------
|
--------
|
--------
|
--------
|
At 31st December 2018
|
3,373
|
17,088
|
12,382
|
32,843
|
|
-------
|
--------
|
--------
|
--------
|
Carrying amount
|
|
|
|
|
At 31st December 2018
|
351
|
34,398
|
11,773
|
46,522
|
|
-------
|
--------
|
--------
|
--------
|
At 31st December 2017
|
940
|
17,997
|
12,791
|
31,728
|
|
-------
|
--------
|
--------
|
--------
|
|
|
|
|
|
6.
Debtors
Other debtors
|
2,840
|
–
|
|
-------
|
----
|
|
|
|
7.
Creditors:
amounts falling due within one year
Trade creditors
|
7,585
|
3,048
|
Social security and other taxes
|
–
|
1,002
|
Other creditors
|
469,116
|
144,089
|
|
---------
|
---------
|
|
476,701
|
148,139
|
|
---------
|
---------
|
|
|
|
8.
Creditors:
amounts falling due after more than one year
Other creditors
|
19,250
|
–
|
|
--------
|
----
|
|
|
|
9.
Director's advances, credits and guarantees
During the year the director made loans to the company. Amounts loaned in the year totalled £
213,302
(2017: £ 38,719
). Amounts repaid to the director in the year totalled £ 9,199
(2017: £nil). At the balance sheet date there was an amount owed to the director of £ 342,210
(2017: £ 142,107
), included in other creditors due within one year.