Company No:
Contents
DIRECTORS | Deborah Morris |
Clive Morris |
SECRETARY | Deborah Morris |
REGISTERED OFFICE | Cocoa Nut House Hall Street |
Long Melford | |
Sudbury | |
Suffolk | |
CO10 9JQ | |
United Kingdom |
COMPANY NUMBER | 06157103 (England and Wales) |
CHARTERED ACCOUNTANTS | Gascoynes |
Gascoyne House | |
Moseleys Farm Business Centre | |
Fornham All Saints | |
Bury St Edmunds | |
Suffolk | |
IP28 6JY |
Note | 2021 | 2020 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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167,048 | 225,473 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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5,155,996 | 5,126,409 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current assets | 2,043,400 | 2,861,651 | ||
Total assets less current liabilities | 2,210,448 | 3,087,124 | ||
Creditors | ||||
Amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of CF&L Limited (registered number:
Deborah Morris
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
CF&L Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Cocoa Nut House Hall Street, Long Melford, Sudbury, Suffolk, CO10 9JQ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of CF&L Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
Fixtures, fittings and equipment - 20% straight line basis
Motor vehicles - 20% straight line basis
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 April 2020 |
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Additions |
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Disposals | (
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At 31 March 2021 |
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Accumulated depreciation | |||
At 01 April 2020 |
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Charge for the financial year |
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Disposals | (
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At 31 March 2021 |
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Net book value | |||
At 31 March 2021 |
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At 31 March 2020 |
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2021 | 2020 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by Group undertakings |
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Other debtors |
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2021 | 2020 | ||
£ | £ | ||
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to Group undertakings |
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Other creditors |
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2021 | 2020 | ||
£ | £ | ||
Bank loans |
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Other creditors |
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801,174 | 1,701,730 |
2021 | 2020 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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618,000 | 618,000 |