false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-04-01
Sage Accounts Production Advanced 2018 - FRS
2,837,407
366,498
141,870
508,368
2,329,039
2,470,909
2,434,478
2,434,478
2,434,478
xbrli:pure
xbrli:shares
iso4217:GBP
08941976
2017-04-01
2018-03-31
08941976
2018-03-31
08941976
2017-03-31
08941976
2017-03-31
08941976
core:NetGoodwill
2017-04-01
2018-03-31
08941976
bus:RegisteredOffice
2017-04-01
2018-03-31
08941976
bus:LeadAgentIfApplicable
2017-04-01
2018-03-31
08941976
bus:Director1
2017-04-01
2018-03-31
08941976
bus:Director2
2017-04-01
2018-03-31
08941976
core:NetGoodwill
2017-03-31
08941976
core:NetGoodwill
2018-03-31
08941976
core:WithinOneYear
2018-03-31
08941976
core:WithinOneYear
2017-03-31
08941976
bus:OrdinaryShareClass1
2017-04-01
2018-03-31
08941976
bus:OrdinaryShareClass1
2016-04-01
2017-03-31
08941976
core:ShareCapital
2018-03-31
08941976
core:ShareCapital
2017-03-31
08941976
core:SharePremium
2018-03-31
08941976
core:SharePremium
2017-03-31
08941976
core:RetainedEarningsAccumulatedLosses
2018-03-31
08941976
core:RetainedEarningsAccumulatedLosses
2017-03-31
08941976
core:NetGoodwill
2017-03-31
08941976
core:CostValuation
core:Non-currentFinancialInstruments
2018-03-31
08941976
core:Non-currentFinancialInstruments
2018-03-31
08941976
core:Non-currentFinancialInstruments
2017-03-31
08941976
bus:SmallEntities
2017-04-01
2018-03-31
08941976
bus:AuditExemptWithAccountantsReport
2017-04-01
2018-03-31
08941976
bus:AbridgedAccounts
2017-04-01
2018-03-31
08941976
bus:SmallCompaniesRegimeForAccounts
2017-04-01
2018-03-31
08941976
bus:PrivateLimitedCompanyLtd
2017-04-01
2018-03-31
COMPANY REGISTRATION NUMBER:
08941976
Filleted Unaudited Abridged Financial Statements
|
|
Abridged Financial Statements
|
|
Year ended 31st March 2018
Officers and professional advisers
|
1
|
|
|
Accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements
|
2
|
|
|
Abridged statement of financial position
|
3
|
|
|
Notes to the abridged financial statements
|
5
|
|
|
Officers and Professional Advisers
|
|
The Board of Directors
|
Mr S. Wilkes
|
|
Mr C. Dalloway
|
|
|
Registered Office
|
Unit C Smestow Bridge Industrial Estate
|
|
Bridgnorth Road
|
|
Wombourne
|
|
Staffordshire
|
|
WV5 8AY
|
|
|
Accountants
|
W H Audit Limited
|
|
Accountants
|
|
The White House
|
|
Station Road
|
|
West Hagley
|
|
Stourbridge
|
|
West Midlands
|
|
DY9 ONU
|
|
|
Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Canmec Holdings Limited
|
|
Year ended 31st March 2018
As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the year ended 31st March 2018, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
W H Audit Limited
Accountants
The White House
Station Road
West Hagley
Stourbridge
West Midlands
DY9 ONU
24 September 2018
Abridged Statement of Financial Position
|
|
31 March 2018
Fixed assets
Intangible assets
|
5
|
|
2,329,039
|
2,470,909
|
Investments
|
6
|
|
2,434,478
|
2,434,478
|
|
|
------------
|
------------
|
|
|
4,763,517
|
4,905,387
|
|
|
|
|
|
Current assets
Cash at bank and in hand
|
16
|
|
75
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
418,561
|
|
197,001
|
|
---------
|
|
---------
|
Net current liabilities
|
|
418,545
|
196,926
|
|
|
------------
|
------------
|
Total assets less current liabilities
|
|
4,344,972
|
4,708,461
|
|
|
------------
|
------------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
89
|
89
|
Share premium account
|
|
2,995,566
|
2,995,566
|
Profit and loss account
|
|
1,349,317
|
1,712,806
|
|
|
------------
|
------------
|
Shareholders funds
|
|
4,344,972
|
4,708,461
|
|
|
------------
|
------------
|
|
|
|
|
These abridged 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 abridged statement of comprehensive income has not been delivered.
For the year ending 31st March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31st March 2018 in accordance with Section 444(2A) of the Companies Act 2006.
Abridged Statement of Financial Position (continued)
|
|
31 March 2018
These abridged financial statements were approved by the
board of directors
and authorised for issue on
24 September 2018
, and are signed on behalf of the board by:
Company registration number:
08941976
Notes to the Abridged Financial Statements
|
|
Year ended 31st March 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 Unit C Smestow Bridge Industrial Estate, Bridgnorth Road, Wombourne, Staffordshire, WV5 8AY.
2.
Statement of compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill
|
-
|
5% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
|
2018
|
2017
|
|
£
|
£
|
Dividends on equity shares
|
220,000
|
214,958
|
|
---------
|
---------
|
|
|
|
5.
Intangible assets
|
Goodwill
|
|
£
|
Cost
|
|
At 1st April 2017 and 31st March 2018
|
2,837,407
|
|
------------
|
Amortisation
|
|
At 1st April 2017
|
366,498
|
Charge for the year
|
141,870
|
|
------------
|
At 31st March 2018
|
508,368
|
|
------------
|
Carrying amount
|
|
At 31st March 2018
|
2,329,039
|
|
------------
|
At 31st March 2017
|
2,470,909
|
|
------------
|
|
|
6.
Investments
|
Shares in group undertakings
|
|
£
|
Cost
|
|
At 1st April 2017 and 31st March 2018
|
2,434,478
|
|
------------
|
Impairment
|
|
At 1st April 2017 and 31st March 2018
|
–
|
|
------------
|
|
|
Carrying amount
|
|
At 31st March 2018
|
2,434,478
|
|
------------
|
At 31st March 2017
|
2,434,478
|
|
------------
|
|
|
7.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Amounts owed to group undertakings
|
418,561
|
197,001
|
|
---------
|
---------
|
|
|
|