2015-09-01 true false Private Limited Company 08156968 2016-08-31 08156968 2015-09-01 2016-08-31 08156968 2015-08-31 08156968 2014-09-01 2015-08-31 08156968 uk-bus:Director1 2015-09-01 2016-08-31 08156968 uk-bus:Director2 2015-09-01 2016-08-31 08156968 uk-gaap:PlantMachinery 2015-09-01 2016-08-31 08156968 uk-gaap:ComputerEquipment 2015-09-01 2016-08-31 08156968 uk-gaap:CommercialMotorVehicles 2015-09-01 2016-08-31 08156968 uk-bus:OrdinaryShareClass1 2016-08-31 08156968 uk-bus:OrdinaryShareClass2 2016-08-31 08156968 uk-bus:OrdinaryShareClass3 2016-08-31 08156968 uk-bus:PreferenceShareClass4 2016-08-31 iso4217:GBP
Catton Home Improvements Ltd
For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08156968
2
Contents Page
Catton Home Improvements Ltd
For the year ended 31 August 2016
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
3
Catton Home Improvements Ltd
Accountants' Report
For the year ended 31 August 2016
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 Ltd for the year ended 31 August 2016 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 Ltd. Our work has been undertaken
solely to prepare for your approval the accounts of Catton Home Improvements Ltd and state those matters that we have
agreed to state to the Board of Directors of Catton Home Improvements Ltd, 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 Ltd 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 Ltd has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit of Catton Home Improvements
Ltd. You consider that Catton Home Improvements Ltd 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
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4
Abbreviated Balance Sheet
Catton Home Improvements Ltd
As at 31 August 2016
08156968
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Intangible assets
2
16,000
17,000
Tangible assets
3
78,839
43,474
94,839
60,474
Current assets
Stocks
32,491
29,567
Debtors
12,206
36,192
Cash at bank and in hand
4,052
1,313
69,811
46,010
Creditors: amounts falling due within one year
(116,982)
(76,445)
(70,972)
(6,634)
Net current liabilities
Total assets less current liabilities
88,205
(10,498)
Creditors: amounts falling due after more than one year
(223)
(36,232)
(6,288)
(2,549)
Provisions for liabilities
45,685
Net assets/liabilities
(13,270)
Capital and reserves
Called up share capital
45,100
4
100
Profit and loss account
585
(13,370)
45,685
(13,270)
Shareholders funds
For the year ended 31 August 2016 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: 21 December 2016
Mr P Woodford Director
Signed on behalf of the board of directors
Mr M Woodford Director
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5
Notes to the Abbreviated Financial Statements
Catton Home Improvements Ltd
For the year ended 31 August 2016
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 January 2015).
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.
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 20 years.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over
the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful
economic life of the patents of 0 years.
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6
Notes to the Abbreviated Financial Statements
Catton Home Improvements Ltd
For the year ended 31 August 2016
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.
Preference shares
The company's preference shares are treated as shareholder equity since they are not subject to mandatory redemption for a
fixed or determinable amount at a fixed or determinable time and are thus included in equity in the financial statements rather
than as part of the company's financial liabilities.
The company's preference shares are redeemable at the behest of the shareholders.
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 September 2015
23,518
23,518
At 31 August 2016
Amortisation
6,518
At 01 September 2015
1,000
Charge for year
7,518
At 31 August 2016
16,000
Net Book Values
At 31 August 2016
17,000
At 31 August 2015
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7
Notes to the Abbreviated Financial Statements
Catton Home Improvements Ltd
For the year ended 31 August 2016
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
59,937
At 01 September 2015
53,910
Additions
At 31 August 2016
113,847
Depreciation
16,463
At 01 September 2015
18,545
Charge for year
35,008
At 31 August 2016
Net book values
At 31 August 2016
78,839
43,474
At 31 August 2015
4 Share capital
Allotted called up and fully paid
2016
2015
£
£
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
45,000 Preference Share Class4 shares of £1.00 each
-
45,000
45,100
100
45000 Preference Share Class4 £1.00 shares have been issued during the year at par for a cash consideration of £45000.
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