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REGISTERED NUMBER: 08089553 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

CORNMILL LIMITED
CORNMILL LIMITED (REGISTERED NUMBER: 08089553)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6
CORNMILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2017







DIRECTORS: S Bazeley
A J Morgan





REGISTERED OFFICE: The Windmill, Brascote Lane
Brascote
Newbold Verdon
Leicester
LE9 9LE





REGISTERED NUMBER: 08089553 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD
CORNMILL LIMITED (REGISTERED NUMBER: 08089553)

BALANCE SHEET
31 MAY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,730 47,499

CURRENT ASSETS
Stocks 13,798 13,799
Cash at bank 13,907 61,683
27,705 75,482
CREDITORS
Amounts falling due within one year 5 82,437 109,170
NET CURRENT LIABILITIES (54,732 ) (33,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,002

)

13,811

CREDITORS
Amounts falling due after more than
one year

6

-

(2,895

)

PROVISIONS FOR LIABILITIES (6,624 ) (9,768 )
NET (LIABILITIES)/ASSETS (19,626 ) 1,148

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (19,628 ) 1,146
SHAREHOLDERS' FUNDS (19,626 ) 1,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

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.
CORNMILL LIMITED (REGISTERED NUMBER: 08089553)

BALANCE SHEET - continued
31 MAY 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 August 2017 and were signed on
its behalf by:




S Bazeley - Director



A J Morgan - Director

CORNMILL LIMITED (REGISTERED NUMBER: 08089553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017

1. STATUTORY INFORMATION

Cornmill Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 .
CORNMILL LIMITED (REGISTERED NUMBER: 08089553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property Equipment fittings Totals
£    £    £    £   
COST
At 1 June 2016 13,020 9,836 52,604 75,460
Additions - - 1,275 1,275
At 31 May 2017 13,020 9,836 53,879 76,735
DEPRECIATION
At 1 June 2016 5,024 2,697 20,240 27,961
Charge for year 1,199 1,071 4,774 7,044
At 31 May 2017 6,223 3,768 25,014 35,005
NET BOOK VALUE
At 31 May 2017 6,797 6,068 28,865 41,730
At 31 May 2016 7,996 7,139 32,364 47,499

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans less than one year 3,451 8,457
Trade creditors 27,943 53,661
Taxation and social security 42,527 38,535
Other creditors 8,516 8,517
82,437 109,170

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 2,895

7. RELATED PARTY DISCLOSURES

S Bazeley and A J Morgan


At 31 May 2017 an amount of £842 (2016 £842) was due to the directors, which amount is
included within creditors on the balance sheet.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Bazeley and A J Morgan.
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CORNMILL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the
Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Cornmill Limited for the year ended 31 May 2017 which comprise the
Income Statement, Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Cornmill Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cornmill Limited and state those matters that we have agreed to state to the Board of Directors of Cornmill Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cornmill Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cornmill Limited. You consider that Cornmill Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cornmill Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD


25 August 2017

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