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REGISTERED NUMBER: 07282114 (England and Wales)

















Unaudited Financial Statements

for the Period 1 July 2017 to 31 March 2018

for

Shropshire Cladding (Shrewsbury) Limited

Shropshire Cladding (Shrewsbury) Limited (Registered number: 07282114)






Contents of the Financial Statements
for the period 1 July 2017 to 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Shropshire Cladding (Shrewsbury) Limited

Company Information
for the period 1 July 2017 to 31 March 2018







DIRECTOR: P N Riches



REGISTERED OFFICE: Caerwyn Jones, Emstrey House Sitka Drive
Shrewsbury Business Park
Shrewsbury
SY2 6LG



BUSINESS ADDRESS: 66 Washford Road
Shrewsbury
Shropshire
SY3 9HP



REGISTERED NUMBER: 07282114 (England and Wales)



ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: HSBC Bank Plc
Princess House
33 High Street
Shrewsbury
Shropshire
SY1 1SL

Shropshire Cladding (Shrewsbury) Limited (Registered number: 07282114)

Statement of Financial Position
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,125 1,500
Property, plant and equipment 5 412 351
1,537 1,851

CURRENT ASSETS
Debtors 6 1,950 1,148
Cash at bank 1,887 64
3,837 1,212
CREDITORS
Amounts falling due within one year 7 11,746 8,596
NET CURRENT LIABILITIES (7,909 ) (7,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,372

)

(5,533

)

CREDITORS
Amounts falling due after more than
one year

8

-

789
NET LIABILITIES (6,372 ) (6,322 )

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings (6,482 ) (6,432 )
SHAREHOLDERS' FUNDS (6,372 ) (6,322 )

Shropshire Cladding (Shrewsbury) Limited (Registered number: 07282114)

Statement of Financial Position - continued
31 March 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 October 2018 and were signed by:





P N Riches - Director


Shropshire Cladding (Shrewsbury) Limited (Registered number: 07282114)

Notes to the Financial Statements
for the period 1 July 2017 to 31 March 2018

1. STATUTORY INFORMATION

Shropshire Cladding (Shrewsbury) Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be found on
the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the period 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 statement of financial position date.


Shropshire Cladding (Shrewsbury) Limited (Registered number: 07282114)

Notes to the Financial Statements - continued
for the period 1 July 2017 to 31 March 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the statement of financial position 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2017
and 31 March 2018 5,000
AMORTISATION
At 1 July 2017 3,500
Charge for period 375
At 31 March 2018 3,875
NET BOOK VALUE
At 31 March 2018 1,125
At 30 June 2017 1,500

Shropshire Cladding (Shrewsbury) Limited (Registered number: 07282114)

Notes to the Financial Statements - continued
for the period 1 July 2017 to 31 March 2018

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2017 527 1,121 1,648
Additions 250 - 250
At 31 March 2018 777 1,121 1,898
DEPRECIATION
At 1 July 2017 314 983 1,297
Charge for period 88 101 189
At 31 March 2018 402 1,084 1,486
NET BOOK VALUE
At 31 March 2018 375 37 412
At 30 June 2017 213 138 351

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 1,950 1,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 1,381 2,368
Trade creditors 3,232 3,788
Taxation and social security 344 526
Other creditors 6,789 1,914
11,746 8,596

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans - 789

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors falling due within on year is an amount totalling £376 due to the director of the
company. This amount is repayable on demand. During the year no interest was charged on this
amount.

Shropshire Cladding (Shrewsbury) Limited (Registered number: 07282114)

Notes to the Financial Statements - continued
for the period 1 July 2017 to 31 March 2018

10. RELATED PARTY DISCLOSURES

Included in creditors falling due within on year is a total of £4,781 owing to Shropshire Guardian
Roofs Limited, a company where Paul Riches is a director.

Included in debtors falling due within one year is a total of £1,265 owing to Paul Riches
Conservatories and Windows Limited, a company where Paul Riches is a director.