REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
PICKWELL GARDENS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
PICKWELL GARDENS LIMITED |
PICKWELL GARDENS LIMITED (REGISTERED NUMBER: 00606298) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PICKWELL GARDENS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Custom House |
The Strand |
Barnstaple |
Devon |
EX31 1EU |
PICKWELL GARDENS LIMITED (REGISTERED NUMBER: 00606298) |
BALANCE SHEET |
31 MARCH 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 were signed on its behalf by: |
PICKWELL GARDENS LIMITED (REGISTERED NUMBER: 00606298) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
1. | STATUTORY INFORMATION |
Pickwell Gardens Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis. The directors have considered the financial |
position of the company for the twelve months from the date of approving these financial statements and |
consider that the going concern basis is appropriate. |
The company is dependant on the continued support of the directors. |
It is the intention of the directors that the company will continue in its trading activities for a period of at least |
twelve months from the date of approval of these financial statements |
The directors, being sufficiently knowledgeable, consider that the company will be commercially able to |
continue trading in the current economic climate. |
The financial statements are prepared in sterling which is the functional currency of the company and rounded to |
the nearest pound. |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax, and is derived from the |
ordinary activities of the company. |
Tangible fixed assets |
Freehold property improvements | - |
Greenhouses | - |
Equipment | - |
Motor vehicles | - |
Computer equipment | - |
From 1 April 2000 the directors reviewed the position regarding the provision of depreciation on the freehold |
property improvements. Following that review, the board consider that the potential annual depreciation charge, |
after taking into account the estimated remaining useful life and the residual value of the freehold property |
improvements is not material, and accordingly no depreciation charge has been made in the financial statements. |
The board have reviewed this position at the year end for any impairment of value to ensure the company's |
assets are fairly stated at all times, in accordance with the provisions of FRS 102 (Section 1A). |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
PICKWELL GARDENS LIMITED (REGISTERED NUMBER: 00606298) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
3. | ACCOUNTING POLICIES - continued |
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 balance sheet date. |
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. |
Financial instruments |
Financial instruments are defined as a contract which gives rise to a financial asset of one entity and a financial |
liability or equity instrument of another entity. |
Basic financial instruments are classified under section 11 of FRS 102 and are held at amortised cost. These |
include cash, trade debtors and creditors and other non-complicated loans. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Freehold |
property |
improvements | Greenhouses | Equipment |
£ | £ | £ |
COST |
At 1 April 2017 |
and 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
PICKWELL GARDENS LIMITED (REGISTERED NUMBER: 00606298) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
5. | TANGIBLE FIXED ASSETS - continued |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
and 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Tax | ( |
) |
Social security and other taxes |
Directors' current accounts |
Accrued expenses |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 |
PICKWELL GARDENS LIMITED (REGISTERED NUMBER: 00606298) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2017 | ( |
) |
Deficit for the year | ( |
) |
At 31 March 2018 | ( |
) |