2014-09-01 true false Private Limited Company 08156968 2015-08-31 08156968 2014-09-01 2015-08-31 08156968 2014-08-31 08156968 2013-09-01 2014-08-31 08156968 uk-bus:Director1 2014-09-01 2015-08-31 08156968 uk-bus:Director2 2014-09-01 2015-08-31 08156968 uk-gaap:PlantMachinery 2014-09-01 2015-08-31 08156968 uk-gaap:ComputerEquipment 2014-09-01 2015-08-31 08156968 uk-gaap:CommercialMotorVehicles 2014-09-01 2015-08-31 08156968 uk-bus:OrdinaryShareClass1 2015-08-31 08156968 uk-bus:OrdinaryShareClass2 2015-08-31 08156968 uk-bus:OrdinaryShareClass3 2015-08-31 iso4217:GBP
Catton Home Improvements Limited
For the year ended 31 August 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08156968
2
Contents Page
Catton Home Improvements Limited
For the year ended 31 August 2015
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
3
Catton Home Improvements Limited
Accountants' Report
For the year ended 31 August 2015
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of
Catton Home Improvements Limited for the year ended 31 August 2015 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Catton Home Improvements Limited. Our work has been undertaken
solely to prepare for your approval the accounts of Catton Home Improvements Limited and state those matters that we
have agreed to state to the Board of Directors of Catton Home Improvements Limited, as a body, in this report in
accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at
http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than Catton Home Improvements Limited and its Board of Directors as a body for our work or for this
report.
It is your duty to ensure that Catton Home Improvements Limited has kept adequate accounting records and to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Catton Home
Improvements Limited. You consider that Catton Home Improvements Limited is exempt from the statutory audit
requirement for the year.
Steve Pye & Co
Chartered Certified Accountants
North Wood Place
Octagon Business Park, Little Plumstead
Norwich
NR13 5FH
05 May 2016
Dated:
1 of 5
4
Abbreviated Balance Sheet
Catton Home Improvements Limited
As at 31 August 2015
08156968
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Intangible assets
2
17,000
-
Tangible assets
3
43,474
16,463
60,474
16,463
Current assets
Stocks
23,481
32,491
Debtors
7,815
12,206
Cash at bank and in hand
1,313
29,335
46,010
60,631
Creditors: amounts falling due within one year
(69,964)
(116,982)
(9,333)
(70,972)
Net current liabilities
Total assets less current liabilities
(10,498)
7,130
Creditors: amounts falling due after more than one year
(2,797)
(223)
(2,549)
(1,555)
Provisions for liabilities
(13,270)
Net assets/liabilities
2,778
Capital and reserves
Called up share capital
100
4
100
Profit and loss account
(13,370)
2,678
(13,270)
2,778
Shareholders funds
For the year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 05 May 2016
Mr P Woodford Director
Signed on behalf of the board of directors
Mr M Woodford Director
2 of 5
5
Notes to the Abbreviated Financial Statements
Catton Home Improvements Limited
For the year ended 31 August 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
3 of 5
6
Notes to the Abbreviated Financial Statements
Catton Home Improvements Limited
For the year ended 31 August 2015
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated
expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
Office Equipment
15% Reducing balance
Motor Vehicles
25% Reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of
ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over
the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 September 2014
3,518
Additions
20,000
23,518
At 31 August 2015
Amortisation
3,518
At 01 September 2014
3,000
Charge for year
6,518
At 31 August 2015
17,000
Net Book Values
At 31 August 2015
-
At 31 August 2014
4 of 5
7
Notes to the Abbreviated Financial Statements
Catton Home Improvements Limited
For the year ended 31 August 2015
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
23,582
At 01 September 2014
36,355
Additions
At 31 August 2015
59,937
Depreciation
7,119
At 01 September 2014
9,344
Charge for year
16,463
At 31 August 2015
Net book values
At 31 August 2015
43,474
16,463
At 31 August 2014
4 Share capital
Allotted called up and fully paid
2015
2014
£
£
60 Class A shares of £1.00 each
60
60
20 Class B shares of £1.00 each
20
20
20 Class C shares of £1.00 each
20
20
100
100
5 of 5

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.