Company Registration No. 05993740 (England and Wales)
C.A.B. Services (UK) Ltd
Unaudited accounts
for the year ended 31 March 2019
C.A.B. Services (UK) Ltd
Statement of financial position
as at
31 March 2019
Tangible assets
72,361
89,059
Cash at bank and in hand
3
3
Creditors: amounts falling due within one year
(72,316)
(85,496)
Net current liabilities
(42,473)
(64,379)
Total assets less current liabilities
29,888
24,680
Provisions for liabilities
Deferred tax
(12,905)
(15,892)
Called up share capital
50
50
Profit and loss account
16,933
8,738
Shareholders' funds
16,983
8,788
For the year ending 31 March 2019 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 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 November 2019.
C A Breward
Director
Company Registration No. 05993740
C.A.B. Services (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2019
C.A.B. Services (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05993740. The registered office is The Old Brickworks, Buckle Street, Honeybourne, Worcestershire, WR11 8LH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The comparatives have been restated following prior year adjustments to reclassify loan repayments to rental costs and the associated tax impact. A further adjustment has been made to recognise the deferred tax liability which arose on the purchase of the van fleet.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Buildings 10% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
C.A.B. Services (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2018
40,000
26,955
179,730
11,172
257,857
Additions
-
-
350
406
756
At 31 March 2019
40,000
26,955
180,080
11,578
258,613
At 1 April 2018
4,000
18,598
137,228
8,972
168,798
Charge for the year
4,000
2,089
10,713
652
17,454
At 31 March 2019
8,000
20,687
147,941
9,624
186,252
At 31 March 2019
32,000
6,268
32,139
1,954
72,361
At 31 March 2018
36,000
8,357
42,502
2,200
89,059
Trade debtors
28,951
13,198
Accrued income and prepayments
889
716
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
32,718
20,561
Trade creditors
3,427
1,490
Taxes and social security
7,323
18,094
Loans from directors
28,123
44,626
The bank loverdraft is repayable on demand and is secured on the company's vans.
7
Average number of employees
During the year the average number of employees was 1 (2018: 1).