VALLEY JOINERY LIMITED | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 JULY 2018 | |
VALLEY JOINERY LIMITED | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 JULY 2018 | |||
DIRECTORS | |||
Mr S W Haskins | |||
Mr W Graham | |||
SECRETARY | |||
Mr S W Haskins | |||
REGISTERED OFFICE | |||
25 Park Street West Luton, Beds. LU1 3BE. |
|||
COMPANY REGISTERED NUMBER | |||
03665759 | |||
BANKERS | |||
Handelsbanken | |||
ACCOUNTANTS | |||
Haartwells Limited | |||
Chartered Certified Accountants | |||
25 Park Street West, Luton, Beds.LU1 3BE. |
|||
page 1 | |
VALLEY JOINERY LIMITED | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 JULY 2018 | |||
CONTENTS | |||
Pages | |||
3-4 | Statement of Financial Position | ||
5-8 | Notes to the Financial Statements | ||
page 2 | |
Company registered number: |
|||||
STATEMENT OF FINANCIAL POSITION AT |
|||||
Note | 2018 | 2017 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | 3 | ||||
CURRENT ASSETS | |||||
Inventories | |||||
Debtors | 4 | ||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 5 | ||||
NET CURRENT ASSETS | |||||
TOTAL ASSETS LESS CURRENT LIABILITIES | |||||
CREDITORS: Amounts falling due after more than one year | 6 | ( |
( |
||
PROVISIONS FOR LIABILITIES | ( |
( |
|||
NET ASSETS | £ |
£ |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | |||||
SHAREHOLDERS' FUNDS | £ |
£ |
|||
The notes on pages 5-8 form part of these financial statements | |
page 3 | |
Company registered number: |
|||||
STATEMENT OF FINANCIAL POSITION AT |
|||||
Note | 2018 | 2017 | |||
£ | £ | £ |
In approving these financial statements as directors of the company we hereby confirm the following: | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
The financial statements were approved and authorised for issue by the board of directors on |
|||
Signed on behalf of the board of directors | |||
The notes on pages 5-8 form part of these financial statements | |
page 4 | |
VALLEY JOINERY LIMITED | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 31 JULY 2018 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Valley Joinery Limited is a Private Limited Company incorporated in |
||||
The company's registered number and registered office address can be found on the Company Information page. | ||||
These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 August 2017. | ||||
Basis of accounting | ||||
1c. | Revenue recognition | |||
1d. | Taxation | |||
The notes on pages 5-8 form part of these financial statements | |
page 5 | |
VALLEY JOINERY LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JULY 2018 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1e. | Property, plant and equipment | ||
Freehold buildings | Reducing balance 2% | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Equipment |
1f. | Inventories | |||
1g. | Short term debtors and creditors | |||
1h. | Cash and cash equivalents | |||
1i. | Interest bearing borrowings | |||
1j. | Employee benefits | |||
The notes on pages 5-8 form part of these financial statements | |
page 6 | |
VALLEY JOINERY LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JULY 2018 |
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2018 | 2017 | ||
No. | No. | ||
Management and administration | |||
Production and sales | |||
3. | PROPERTY, PLANT AND EQUIPMENT | ||||
Plant & | Fixtures & | ||||
Freehold | Machinery | Equipment | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 August 2017 | |||||
Additions other than through business combinations | |||||
At 31 July 2018 | |||||
Depreciation | |||||
At 1 August 2017 | |||||
For the year | |||||
At 31 July 2018 | |||||
Net Book Amounts | |||||
At 31 July 2018 | £ |
£ |
£ |
£ |
|
At 31 July 2017 | £ |
£ |
£ |
£ |
|
4. | DEBTORS | 2018 | 2017 |
£ | £ | ||
Trade debtors | |||
Amounts owed by group company | |||
UK Corporation tax | |||
Other debtors | |||
£ |
£ |
||
The notes on pages 5-8 form part of these financial statements | |
page 7 | |
VALLEY JOINERY LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JULY 2018 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2018 | 2017 | ||
£ | £ | ||
Bank loans and overdrafts | 10,500 | 10,500 | |
Finance leases and hire purchase contracts | |||
Trade creditors | |||
Corporation tax | |||
Other taxes and social security | |||
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
||
6. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | ||
2018 | 2017 | ||
£ | £ | ||
Bank loans and overdrafts | |||
Finance leases and hire purchase contracts | |||
£ |
£ |
||
Analysis of borrowings: | |||
Due within five years: | |||
within 1 year | |||
bank | |||
leases | |||
within 2-5 years | |||
bank | |||
leases | |||
£95,216 | £108,578 | ||
The notes on pages 5-8 form part of these financial statements | |
page 8 |