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
IAN WOOD MEMORIALS LTD
Company Information
for the year ended 31 March 2018
Company Number
04944898 (England and Wales)
Registered Office
307A HYLTON ROAD
PALLION
SUNDERLAND
SR4 7SL
IAN WOOD MEMORIALS LTD
Statement of financial position
as at 31 March 2018
Intangible assets
3,600
3,600
Tangible assets
59,197
44,826
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)
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
IAN WOOD MEMORIALS LTD
Notes to the Accounts
for the year ended 31 March 2018
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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 (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.
IAN WOOD MEMORIALS LTD
Notes to the Accounts
for the year ended 31 March 2018
4
Intangible fixed assets
Goodwill
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
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
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
7
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
7,824
49,559
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).