Contents | |
Page | |
---|---|
Company Information | 1 |
Director's Report | 2 |
Accountant's Report | 3 |
Profit and Loss Account | 4 |
Balance Sheet | 5 |
Statement of Changes in Equity | 7 |
Notes to the Financial Statements | 8—12 |
Director |
|
Company Number |
|
Registered Office | 15 Lyfield |
Oxshott | |
Leatherhead | |
Surrey | |
KT22 0SH | |
Accountants | CHARLES R. DEAN B.Sc. F.C.A. |
|
|
Chartered Accountants | |
PO Box 2710, Lewes | |
East Sussex | |
BN8 4BW | |
|
|
|
|
|
2018 | 2017 | |||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER |
|
|
||
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
OPERATING PROFIT | 2 |
|
|
|
Other interest receivable and similar income |
|
|
||
Interest payable and similar charges | 5 |
( |
( |
|
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 6 |
( |
( |
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2018 | 2017 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 8 |
|
|
||
|
|
||||
CURRENT ASSETS | |||||
Stocks | 9 |
|
|
||
Debtors | 10 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 11 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 12 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 14 |
( |
( |
||
NET ASSETS |
|
|
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 16 |
|
|
||
Profit and Loss Account |
|
|
|||
SHAREHOLDERS' FUNDS | 106,175 | 58,405 | |||
|
|
Share Capital | Profit and Loss Account | Total | |
---|---|---|---|
£ | £ | £ | |
As at 1 April 2016 |
|
|
7,777 |
Profit for the year and total comprehensive income | - |
|
85,628 |
Dividends paid | - | (35,000) | (35,000) |
As at 31 March 2017 and 1 April 2017 |
|
|
58,405 |
Profit for the year and total comprehensive income | - |
|
92,770 |
Dividends paid | - | (45,000) | (45,000) |
As at |
|
|
106,175 |
Plant & Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
Bad debts | 319 | 7,618 | |
Director's remuneration |
|
|
|
Depreciation of tangible fixed assets - owned |
|
|
|
Depreciation of tangible fixed assets - hire purchase |
|
|
|
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
2018 | 2017 | ||
---|---|---|---|
Office and administration |
|
|
|
Sales, marketing and distribution |
|
|
|
Manufacturing |
|
|
|
|
|
||
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
Bank loans and overdrafts |
|
|
|
Finance charges payable under finance leases and hire purchase contracts |
|
|
|
|
|
||
Tax Rate | 2018 | 2017 | |||
---|---|---|---|---|---|
2018 | 2017 | £ | £ | ||
UK Corporation Tax | 19.0 | 20.0 |
|
|
|
Total Current Tax Charge |
|
|
|||
Deferred Taxation |
( |
|
|||
Total tax charge for the period |
|
|
|||
2018 | 2017 | ||||
£ | £ | ||||
Profit before tax | 114,961 | 106,954 | |||
Breakdown of Tax Charge is: | |||||
Tax on profit at 19% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
|||
Expenses not deductible for tax purposes |
|
|
|||
Capital allowances |
( |
( |
|||
Short term timing differences |
( |
|
|||
Total tax charge for the period | 22,191 | 21,326 | |||
Goodwill | |||
---|---|---|---|
£ | |||
Cost | |||
As at |
|
||
As at |
|
||
Amortisation | |||
As at |
|
||
As at |
|
||
Net Book Value | |||
As at |
|
||
As at |
|
||
Plant & Machinery | Motor Vehicles | Computer Equipment | Total | |
---|---|---|---|---|
£ | £ | £ | £ | |
Cost | ||||
As at |
|
|
|
|
Additions |
|
|
|
|
As at |
|
|
|
|
Depreciation | ||||
As at |
|
|
|
|
Provided during the period |
|
|
|
|
As at |
|
|
|
|
Net Book Value | ||||
As at |
|
|
|
|
As at |
|
|
|
|
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
Stock - materials and work in progress | 76,669 | 39,236 | |
|
|
||
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
|
|
|
Prepayments and accrued income |
|
|
|
Retentions |
|
|
|
PAYE & CIS deductions recoverable |
|
|
|
Other debtors (2) |
|
|
|
|
|
||
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
|
|
Trade creditors |
|
|
|
Corporation tax |
|
|
|
Other taxes and social security |
|
|
|
Other creditors |
|
|
|
Accruals |
|
|
|
|
|
||
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
|
|
|
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
The maturity of these amounts is as follows: | |||
Amounts Payable: | |||
Within one year |
|
|
|
Between one and five years |
|
|
|
|
|
||
|
|
||
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
Deferred tax |
|
|
|
|
|
||
Deferred Tax | ||
---|---|---|
£ | ||
As at |
|
|
Increase/(Decrease) in the year |
( |
|
Balance at |
|
|
2018 | 2017 | |
---|---|---|
£ | £ | |
Mr Simon Thompson | 45,000 | 35,000 |
2018 | 2017 | ||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Interim dividend paid |
|
|
|
Final dividend paid |
|
|
|
45,000 | 35,000 | ||