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Company Registration No. 04944898 (England and Wales)
IAN WOOD MEMORIALS LTD Unaudited accounts for the year ended 31 March 2018
IAN WOOD MEMORIALS LTD Unaudited accounts Contents
Page
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IAN WOOD MEMORIALS LTD Company Information for the year ended 31 March 2018
Director
MR IAN WOOD
Company Number
04944898 (England and Wales)
Registered Office
307A HYLTON ROAD PALLION SUNDERLAND SR4 7SL
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IAN WOOD MEMORIALS LTD Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,600 
3,600 
Tangible assets
59,197 
44,826 
62,797 
48,426 
Current assets
Cash at bank and in hand
58,095 
115,887 
Creditors: amounts falling due within one year
(38,816)
(47,112)
Net current assets
19,279 
68,775 
Total assets less current liabilities
82,076 
117,201 
Creditors: amounts falling due after more than one year
(7,824)
(49,559)
Net assets
74,252 
67,642 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
74,152 
67,542 
Shareholders' funds
74,252 
67,642 
For the year ending 31 March 2018 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 October 2018.
MR IAN WOOD Director Company Registration No. 04944898
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IAN WOOD MEMORIALS LTD Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
IAN WOOD MEMORIALS LTD is a private company, limited by shares, registered in England and Wales, registration number 04944898. The registered office is 307A HYLTON ROAD, PALLION, SUNDERLAND, SR4 7SL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Other tangible fixed assets
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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IAN WOOD MEMORIALS LTD Notes to the Accounts for the year ended 31 March 2018
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2017
3,600 
At 31 March 2018
3,600 
Amortisation
At 1 April 2017
- 
At 31 March 2018
- 
Net book value
At 31 March 2018
3,600 
At 31 March 2017
3,600 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2017
6,500 
98,843 
34,995 
2,618 
142,956 
Additions
- 
- 
22,644 
- 
22,644 
At 31 March 2018
6,500 
98,843 
57,639 
2,618 
165,600 
Depreciation
At 1 April 2017
3,038 
65,569 
26,905 
2,618 
98,130 
Charge for the year
- 
6,655 
1,618 
- 
8,273 
At 31 March 2018
3,038 
72,224 
28,523 
2,618 
106,403 
Net book value
At 31 March 2018
3,462 
26,619 
29,116 
- 
59,197 
At 31 March 2017
3,462 
33,274 
8,090 
- 
44,826 
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Taxes and social security
14,789 
25,580 
Other creditors
24,027 
21,532 
38,816 
47,112 
7
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Other creditors
7,824 
49,559 
8
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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IAN WOOD MEMORIALS LTD Notes to the Accounts for the year ended 31 March 2018
9
Average number of employees
During the year the average number of employees was 0 (2017: 5).
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