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REGISTERED NUMBER: 01254136 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Custom Design Mouldings Limited

Custom Design Mouldings Limited (Registered number: 01254136)

Contents of the Financial Statements
for the Year Ended 31 March 2017










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Custom Design Mouldings Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: A G Reece
A C Cook





REGISTERED OFFICE: Unit 212-213 Springvale Industrial
Estate
Cwmbran
NP44 5BJ





REGISTERED NUMBER: 01254136 (England and Wales)





ACCOUNTANTS: Marsh Vision Limited
Chartered Certified Accountants
Chester House
17 Gold Tops
Newport
SOUTH WALES
NP20 4PH

Custom Design Mouldings Limited (Registered number: 01254136)

Statement of Financial Position
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 363,668 328,251

CURRENT ASSETS
Inventories 5 233,628 238,172
Debtors 6 223,487 158,848
Cash at bank 30,302 21,834
487,417 418,854
CREDITORS
Amounts falling due within one year 7 388,290 316,354
NET CURRENT ASSETS 99,127 102,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,795

430,751

CREDITORS
Amounts falling due after more than one
year

8

(95,697

)

(123,812

)

PROVISIONS FOR LIABILITIES 12 (49,498 ) (33,814 )
NET ASSETS 317,600 273,125

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 314,600 270,125
SHAREHOLDERS' FUNDS 317,600 273,125

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

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

Custom Design Mouldings Limited (Registered number: 01254136)

Statement of Financial Position - continued
31 March 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 29 November 2017 and were signed on its behalf
by:




A G Reece - Director



A C Cook - Director


Custom Design Mouldings Limited (Registered number: 01254136)

Notes to the Financial Statements
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

Custom Design Mouldings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors have not paid attention to any particular period since the year end but have instead carried out an
overall review of business operations.

The financial statements are prepared on the going concern basis which assumes that the company will continue
in existence for the foreseeable future.

This assumption depends on the continued improvement of the company's general trading position as seen this
year and on the support and co-operation of the bank and the directors.

Turnover
Revenue 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
economic life. The rates generally applicable are:

Plant & machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Office equipment - 15% reducing balance
Computer equipment - 25% straight line

Stocks
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.

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 statement of financial position date.


Custom Design Mouldings Limited (Registered number: 01254136)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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
statement of financial position 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.

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.

Government grants
Government grants received in relation to fixed assets, are released to the profit and loss account over the
estimated useful economic life of the asset.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements
as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity
instrument is any contract that evidences a residual interest in the assets of the company after deducting all its
liabilities.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,
they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement
constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate
of interest for a similar debt instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 .

Custom Design Mouldings Limited (Registered number: 01254136)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2016 32,455 879,599 912,054
Additions - 104,839 104,839
Disposals - (44,306 ) (44,306 )
At 31 March 2017 32,455 940,132 972,587
DEPRECIATION
At 1 April 2016 32,455 551,348 583,803
Charge for year - 66,602 66,602
Eliminated on disposal - (41,486 ) (41,486 )
At 31 March 2017 32,455 576,464 608,919
NET BOOK VALUE
At 31 March 2017 - 363,668 363,668
At 31 March 2016 - 328,251 328,251

5. INVENTORIES
31.3.17 31.3.16
£    £   
Stock and work in progress 233,628 238,172

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 193,126 124,802
Other debtors 20,262 24,462
VAT - 273
Prepayments 10,099 9,311
223,487 158,848

Custom Design Mouldings Limited (Registered number: 01254136)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts (see note 9) 35,981 36,015
Other loans (see note 9) 22,975 36,073
Trade creditors 95,108 85,405
Tax 2,376 -
Social security and other taxes 12,718 12,463
VAT 15,477 -
Other creditors 7,493 9,051
Invoice discounting 158,993 110,074
Directors' current accounts 18,269 8,185
Accrued expenses 13,576 12,640
Deferred government grants 5,324 6,448
388,290 316,354

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Other loans (see note 9) 65,525 88,500
Deferred government grants 30,172 35,312
95,697 123,812

9. LOANS

An analysis of the maturity of loans is given below:

31.3.17 31.3.16
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 35,981 36,015
Pension loan account 22,975 36,073
58,956 72,088

Amounts falling due between one and two years:
Pension loan account 24,813 22,975

Amounts falling due between two and five years:
Pension loans 2-5 years 40,712 65,525

Custom Design Mouldings Limited (Registered number: 01254136)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.17 31.3.16
£    £   
Within one year 106,630 120,073
Between one and five years 15,778 122,408
122,408 242,481

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.17 31.3.16
£    £   
Bank overdrafts 35,981 36,015
Invoice Discounting 158,993 110,074
Pension loans 88,500 124,573
283,474 270,662

The bank borrowings and factored debts are secured by way of debenture.

The pension loan is secured by a fixed charge dated 7th September 2015.

12. PROVISIONS FOR LIABILITIES
31.3.17 31.3.16
£    £   
Deferred tax
Accelerated capital allowances 72,153 58,684
Tax losses carried forward (22,655 ) (24,870 )
49,498 33,814

Deferred
tax
£   
Balance at 1 April 2016 33,814
Charge to Statement of Comprehensive Income during year 15,684
Balance at 31 March 2017 49,498

13. RELATED PARTY DISCLOSURES

The company directors are also Trustees of Custom Design Mouldings Limited Retirement Benefit Scheme. in
the year ended 31 March 2016, a loan was taken out with the pension scheme of £120,000.

At the year end the total balance outstanding is £88,500 and is shown within creditors.

Custom Design Mouldings Limited (Registered number: 01254136)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017


14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Reece.

15. FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 (Section 1a). The date
of transition was 1 April 2015.
The transition to FRS 102 (Section 1a) has resulted in no changes in accounting policies to those used
previously.