Registered number
06326290
Clean Tech Norfolk Limited
Filleted Accounts
31 July 2016
Clean Tech Norfolk Limited
Registered number: 06326290
Balance Sheet
as at 31 July 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 26,345 9,578
Current assets
Stocks 3,000 1,213
Debtors 3 14,227 15,577
Cash at bank and in hand 374 5,072
17,601 21,862
Creditors: amounts falling due within one year 4 (81,030) (62,299)
Net current liabilities (63,429) (40,437)
Net liabilities (37,084) (30,859)
Capital and reserves
Called up share capital 100 100
Profit and loss account (37,184) (30,959)
Shareholders' funds (37,084) (30,859)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Barrett
Director
Approved by the board on 13 December 2017
Clean Tech Norfolk Limited
Notes to the Accounts
for the year ended 31 July 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2015 5,563 28,353 33,916
Additions 187 23,195 23,382
At 31 July 2016 5,750 51,548 57,298
Depreciation
At 1 August 2015 3,978 20,360 24,338
Charge for the year 443 6,172 6,615
At 31 July 2016 4,421 26,532 30,953
Net book value
At 31 July 2016 1,329 25,016 26,345
At 31 July 2015 1,585 7,993 9,578
3 Debtors 2016 2015
£ £
Trade debtors 4,485 7,837
Deferred tax asset 9,742 7,740
14,227 15,577
4 Creditors: amounts falling due within one year 2016 2015
£ £
Bank loans and overdrafts - 4,685
Obligations under finance lease and hire purchase contracts 13,479 -
Taxation and social security costs 54,338 44,320
Other creditors 13,213 13,294
81,030 62,299
5 Other information
Clean Tech Norfolk Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3, Derby Field Farm
Leviate Drove
Pott Row, King's Lynn
Norfolk
PE32 1DD
Clean Tech Norfolk Limited 06326290 false 2015-08-01 2016-07-31 2016-07-31 VT Final Accounts September 2017 Mr M Barrett No description of principal activity 06326290 core:WithinOneYear 2015-07-31 06326290 core:ShareCapital 2015-07-31 06326290 core:RetainedEarningsAccumulatedLosses 2015-07-31 06326290 2015-08-01 2016-07-31 06326290 bus:PrivateLimitedCompanyLtd 2015-08-01 2016-07-31 06326290 bus:AuditExemptWithAccountantsReport 2015-08-01 2016-07-31 06326290 bus:Director40 2015-08-01 2016-07-31 06326290 1 2015-08-01 2016-07-31 06326290 2 2015-08-01 2016-07-31 06326290 core:PlantMachinery 2015-08-01 2016-07-31 06326290 core:Vehicles 2015-08-01 2016-07-31 06326290 countries:England 2015-08-01 2016-07-31 06326290 bus:FRS102 2015-08-01 2016-07-31 06326290 bus:FullAccounts 2015-08-01 2016-07-31 06326290 2016-07-31 06326290 core:WithinOneYear 2016-07-31 06326290 core:ShareCapital 2016-07-31 06326290 core:RetainedEarningsAccumulatedLosses 2016-07-31 06326290 core:PlantMachinery 2016-07-31 06326290 core:Vehicles 2016-07-31 06326290 2015-07-31 06326290 core:PlantMachinery 2015-07-31 06326290 core:Vehicles 2015-07-31 iso4217:GBP

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