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Unaudited Financial Statements for the Year Ended 31 March 2016 |
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Coal Trading & Utilities Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2016 |
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for |
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Coal Trading & Utilities Limited |
Coal Trading & Utilities Limited (Registered number: 07108964) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Coal Trading & Utilities Limited |
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Company Information |
for the Year Ended 31 March 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
67 Westow Street |
Upper Norwood |
London |
SE19 3RW |
Coal Trading & Utilities Limited (Registered number: 07108964) |
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Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Coal Trading & Utilities Limited (Registered number: 07108964) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2016 |
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1. | STATUTORY INFORMATION |
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Coal Trading & Utilities Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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These financial statements have been prepared in accordance with the provisions of Section 1A "Small |
Entities"of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and |
Republic of Ireland" and the Companies Act 2006. These are the company's first set of financial statements |
prepared in accordance with FRS102. There were no transition adjustments. |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
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 that result in an obligation to pay more, or a right to pay less, tax in the |
future have occurred at the balance sheet date. |
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This is subject to deferred tax assets only being recognised if it is considered more likely than not that there will |
be suitable profits from which the future reversal of the underlying timing differences can be deducted. |
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Timing differences are differences arising between the Company's taxable profits and its results as stated in the |
financial statements, which are capable of reversal in one or more subsequent periods. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Coal Trading & Utilities Limited (Registered number: 07108964) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Trade debtors |
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Amounts owed by connected companies | 41,457 | 49,607 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Corporation tax |
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Social security and other taxes |
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Directors' current accounts | 141,368 | 108,193 |
Accruals and deferred income |
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8. | RELATED PARTY DISCLOSURES |
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For the whole period the company was under the control of Mr Ildar Uzbekov , the director and shareholder of the company. |
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Included in creditors falling due within one year is an interest free loan from the director amounting to £141,368 |
(2015 - £108,193). The loan is repayable on demand. |
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Mr Ildar Uzbekov is the director and shareholder in GP10 Worldwide Ltd, to whom the company advanced an |
interest free loan amounting to £41,457. The loan is repayable on demand. |