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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 JULY 2016 TO 31 DECEMBER 2017 |
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C & S AROMATICS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 JULY 2016 TO 31 DECEMBER 2017 |
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FOR |
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C & S AROMATICS LIMITED |
C & S AROMATICS LIMITED (REGISTERED NUMBER: 07385981) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 July 2016 to 31 December 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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C & S AROMATICS LIMITED |
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COMPANY INFORMATION |
for the period 1 July 2016 to 31 December 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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C & S AROMATICS LIMITED (REGISTERED NUMBER: 07385981) |
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BALANCE SHEET |
31 December 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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. |
C & S AROMATICS LIMITED (REGISTERED NUMBER: 07385981) |
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BALANCE SHEET - continued |
31 December 2017 |
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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 Board of Directors on
by: |
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C & S AROMATICS LIMITED (REGISTERED NUMBER: 07385981) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 July 2016 to 31 December 2017 |
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1. | STATUTORY INFORMATION |
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C & S Aromatics 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The impact on the financial statements from transition to FRS 102 has been disclosed in the notes to the financial |
statements. |
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Significant judgements and estimates |
Preparation of the financial statements requires management to make significant judgements and estimates and |
these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates |
are recognised in the period in which the estimate is revised if the revision affects only that period, or in the |
period of the revision and future periods if the revision affects both current and future periods. |
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The items in the financial statements where these judgements and estimates have been made include the useful |
economic life of intangible and tangible fixed assets, the amortisation and depreciation of these assets, stock, |
provisions and the recoverability of debtors. |
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Turnover |
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. |
Revenue from the sale of goods is recognised at the point of sale. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and |
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating |
as intended by management. |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Improvements to property | - | over the period of the lease |
Furniture & fittings | - | 25% reducing balance |
Computer equipment | - | 33% on cost |
Plant & machinery | - | 20% on cost |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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C & S AROMATICS LIMITED (REGISTERED NUMBER: 07385981) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 July 2016 to 31 December 2017 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of |
the entity after deducting all of its financial liabilities. |
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Impairment |
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is |
any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable |
amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not |
possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the |
cash-generating unit to which the asset belongs. |
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Going concern |
The directors have agreed to continue to support the company as necessary and will not seek repayment of their |
loans. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Website |
development |
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COST |
At 1 July 2016 |
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Additions |
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At 31 December 2017 |
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AMORTISATION |
At 1 July 2016 |
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Amortisation for period |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 30 June 2016 |
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C & S AROMATICS LIMITED (REGISTERED NUMBER: 07385981) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 July 2016 to 31 December 2017 |
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5. | TANGIBLE FIXED ASSETS |
Improvements |
to | Plant and | Furniture | Computer |
property | machinery | & fixtures | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 July 2016 |
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Additions |
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At 31 December 2017 |
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DEPRECIATION |
At 1 July 2016 |
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Charge for period |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 30 June 2016 |
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6. | STOCKS |
2017 | 2016 |
£ | £ |
Stock |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | SECURED DEBTS |
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The company's bankers have a fixed and floating charge over all company assets on any monies due or to |
become due from the company. |
C & S AROMATICS LIMITED (REGISTERED NUMBER: 07385981) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 July 2016 to 31 December 2017 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
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11. | FIRST YEAR ADOPTION |
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On transition to FRS 102 the entity's accounting policies applied under the entity's previous accounting |
framework are not materially different to FRS 102 and have not impacted on equity or profit or loss. |