COASTAL WALL TIES LIMITED

Company Registration Number:
08050658 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2022

Period of accounts

Start date: 01 May 2021

End date: 30 April 2022

COASTAL WALL TIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2022

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

COASTAL WALL TIES LIMITED

Company Information

for the Period Ended 30 April 2022




Director: Mr Alex Morley
Mrs Hayley Morley-Sharpe
Registered office: 5
The Estuary
Littlehampton
West Sussex
England
BN17 6NF
Company Registration Number: 08050658 (England and Wales)

COASTAL WALL TIES LIMITED

Balance sheet

As at 30 April 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 5 741 2,421
Total fixed assets: 741 2,421
Current assets
Stocks: 3,012
Debtors: 6 2,479
Cash at bank and in hand: 51,996 55,375
Total current assets: 55,008 57,854
Creditors: amounts falling due within one year: 7 ( 45,499 ) ( 51,887 )
Net current assets (liabilities): 9,509 5,967
Total assets less current liabilities: 10,250 8,388
Total net assets (liabilities): 10,250 8,388

The notes form part of these financial statements

COASTAL WALL TIES LIMITED

Balance sheet continued

As at 30 April 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 10,150 8,288
Shareholders funds: 10,250 8,388

For the year ending 30 April 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 July 2022
And Signed On Behalf Of The Board By:

Name: Mr Alex Morley
Status: Director

The notes form part of these financial statements

COASTAL WALL TIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
    Machinery & Equipment - 33% on cost
    Fixtures and Fittings - 20% on cost
    Motor Vehicles - 25% on cost

    Intangible fixed assets amortisation policy

    Intangible fixed 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, not to exceed twenty years.
    Impairment of intangible assets is recognised where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    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 expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted. The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

COASTAL WALL TIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 2 2

COASTAL WALL TIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

  • 3. Off balance sheet disclosure

    No

COASTAL WALL TIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

4. Dividends


2022
£

2021
£
Dividends paid 50,000 50,000

COASTAL WALL TIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

5. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 May 2021 7,072 5,930 13,002
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 April 2022 7,072 5,930 13,002
Depreciation
At 01 May 2021 6,875 3,706 10,581
Charge for year 197 1,483 1,680
On disposals - - -
Other adjustments - - -
At 30 April 2022 7,072 5,189 12,261
Net book value
At 30 April 2022 0 741 741
At 30 April 2021 197 2,224 2,421

COASTAL WALL TIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

6. Debtors


2022
£

2021
£
Trade debtors 2,479
Total 2,479

COASTAL WALL TIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

7.Creditors: amounts falling due within one year note


2022
£

2021
£
Trade creditors 5,320 4,611
Taxation and social security 18,096 17,192
Accruals and deferred income 1,250 1,250
Other creditors 20,833 28,834
Total 45,499 51,887