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REGISTERED NUMBER: 04940321











Unaudited Financial Statements

for the Year Ended 4th April 2017

for

Celtic Restorations Limited

Celtic Restorations Limited (Registered number: 04940321)






Contents of the Financial Statements
for the Year Ended 4th April 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Celtic Restorations Limited

Company Information
for the Year Ended 4th April 2017







DIRECTOR: J W B Jenkins





SECRETARY:





REGISTERED OFFICE: Glynhir Mansion
Llandybie
Ammanford
Carmarthenshire
SA18 2TD





REGISTERED NUMBER: 04940321





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Celtic Restorations Limited (Registered number: 04940321)

Balance Sheet
4th April 2017

4.4.17 4.4.16
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,749 20,554

CURRENT ASSETS
Stocks 5 20,000 100,000
Debtors 6 81,858 32,060
101,858 132,060
CREDITORS
Amounts falling due within one year 7 (476,726 ) (752,101 )
NET CURRENT LIABILITIES (374,868 ) (620,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(365,119

)

(599,487

)

CREDITORS
Amounts falling due after more than
one year

8

-

(3,560

)
NET LIABILITIES (365,119 ) (603,047 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 (365,219 ) (603,147 )
SHAREHOLDERS' FUNDS (365,119 ) (603,047 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 4th April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Celtic Restorations Limited (Registered number: 04940321)

Balance Sheet - continued
4th April 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 director on 28th November 2017 and were signed by:





J W B Jenkins - Director


Celtic Restorations Limited (Registered number: 04940321)

Notes to the Financial Statements
for the Year Ended 4th April 2017

1. STATUTORY INFORMATION

Celtic Restorations Limited is a private company, limited by shares , registered in Not
specified/Other. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued by the company's director and represents the value of land and partly
constructed properties at the balance sheet date. It has been valued at the lower of cost and net
realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


Celtic Restorations Limited (Registered number: 04940321)

Notes to the Financial Statements - continued
for the Year Ended 4th April 2017

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 5th April 2016
and 4th April 2017 148,774 34,493 183,267
DEPRECIATION
At 5th April 2016 129,969 32,744 162,713
Charge for year 9,056 1,749 10,805
At 4th April 2017 139,025 34,493 173,518
NET BOOK VALUE
At 4th April 2017 9,749 - 9,749
At 4th April 2016 18,805 1,749 20,554

Celtic Restorations Limited (Registered number: 04940321)

Notes to the Financial Statements - continued
for the Year Ended 4th April 2017

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 5th April 2016
and 4th April 2017 15,200
DEPRECIATION
At 5th April 2016 11,400
Charge for year 2,280
At 4th April 2017 13,680
NET BOOK VALUE
At 4th April 2017 1,520
At 4th April 2016 3,800

5. STOCKS

Work in progress at the balance sheet date has been valued by the company's director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4.4.17 4.4.16
£    £   
Trade debtors 63,583 21,200
Other debtors 18,275 10,860
81,858 32,060

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4.4.17 4.4.16
£    £   
Bank loans and overdrafts 47,559 253,384
Hire purchase contracts 3,560 3,000
Trade creditors 75,026 18,052
Taxation and social security - 1,289
Other creditors 350,581 476,376
476,726 752,101

Celtic Restorations Limited (Registered number: 04940321)

Notes to the Financial Statements - continued
for the Year Ended 4th April 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
4.4.17 4.4.16
£    £   
Hire purchase contracts - 3,560

9. SECURED DEBTS

The following secured debts are included within creditors:

4.4.17 4.4.16
£    £   
Bank loans 45,000 242,093

10. RESERVES
Retained
earnings
£   

At 5th April 2016 (603,147 )
Profit for the year 237,928
At 4th April 2017 (365,219 )

11. GOING CONCERN

The accounts have been prepared under the going concern concept which assumes that the
company's bankers and director will provide sufficient funds over future periods to maintain it as
such.