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REGISTERED NUMBER: 04059904
















Financial Statements

for the Year Ended 31 August 2021

for

Controlco Limited

Controlco Limited (Registered number: 04059904)

Contents of the Financial Statements
for the Year Ended 31 August 2021










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Controlco Limited

Company Information
for the Year Ended 31 August 2021







DIRECTORS: S Williams
Mrs H Williams





SECRETARY: Mrs H Williams





REGISTERED OFFICE: Robinia House
120, Wellsway
Keynsham
Bristol
BS31 1JB





REGISTERED NUMBER: 04059904





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Controlco Limited

Report of the Accountants to the Directors of
Controlco 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 and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. 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 the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


15 August 2022

Controlco Limited (Registered number: 04059904)

Balance Sheet
31 August 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,398 23,808

CURRENT ASSETS
Stocks 500 500
Debtors 5 259,459 100,181
Cash at bank and in hand 278,068 313,844
538,027 414,525
CREDITORS
Amounts falling due within one year 6 127,441 95,885
NET CURRENT ASSETS 410,586 318,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,984

342,448

PROVISIONS FOR LIABILITIES 1,732 1,694
NET ASSETS 431,252 340,754

CAPITAL AND RESERVES
Called up share capital 7 66 66
Retained earnings 431,186 340,688
SHAREHOLDERS' FUNDS 431,252 340,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

Controlco Limited (Registered number: 04059904)

Balance Sheet - continued
31 August 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





S Williams - Director


Controlco Limited (Registered number: 04059904)

Notes to the Financial Statements
for the Year Ended 31 August 2021


1. STATUTORY INFORMATION

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

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Statutory Sick Pay Rebate has been recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

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 Statement of Income and Retained Earnings, 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.


Controlco Limited (Registered number: 04059904)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

Controlco Limited (Registered number: 04059904)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2020 32,189 1,777 18,393
Additions - - -
At 31 August 2021 32,189 1,777 18,393
DEPRECIATION
At 1 September 2020 17,299 1,486 16,724
Charge for year 1,610 72 250
At 31 August 2021 18,909 1,558 16,974
NET BOOK VALUE
At 31 August 2021 13,280 219 1,419
At 31 August 2020 14,890 291 1,669

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2020 6,500 33,717 92,576
Additions - 3,015 3,015
At 31 August 2021 6,500 36,732 95,591
DEPRECIATION
At 1 September 2020 6,384 26,875 68,768
Charge for year 29 2,464 4,425
At 31 August 2021 6,413 29,339 73,193
NET BOOK VALUE
At 31 August 2021 87 7,393 22,398
At 31 August 2020 116 6,842 23,808

Controlco Limited (Registered number: 04059904)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 163,484 93,746
Amounts recoverable on contract 10,000 -
Other debtors 85,975 6,435
259,459 100,181

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 52,906 54,717
Taxation and social security 68,820 14,629
Other creditors 5,715 26,539
127,441 95,885

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
66 Ordinary £1 66 66

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2021 and 31 August 2020:

2021 2020
£    £   
S Williams
Balance outstanding at start of year (443 ) -
Amounts advanced 52,278 -
Amounts repaid (18,904 ) (443 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,931 (443 )

Controlco Limited (Registered number: 04059904)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs H Williams
Balance outstanding at start of year (443 ) -
Amounts advanced 52,325 -
Amounts repaid (3,904 ) (443 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,978 (443 )

Interest on the overdrawn director's loan accounts was charged at a rate of 2.5%. The overdrawn director's loans were cleared in full on 31 May 2022.

The company paid rent of £9,375 to the directors, S Williams and Mrs H Williams, for the use of property occupied by the company.