REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2018 |
for |
Ship-Shape Products Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2018 |
for |
Ship-Shape Products Limited |
Ship-Shape Products Limited (Registered number: 02913927) |
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Ship-Shape Products Limited |
Company Information |
for the Year Ended 31 March 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1 Stanyards Courtyard |
Stanyards Farm |
Chertsey Road |
Chobham |
Surrey |
GU24 8JE |
Ship-Shape Products Limited (Registered number: 02913927) |
Abridged Statement of Financial Position |
31 March 2018 |
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Inventories |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Ship-Shape Products Limited (Registered number: 02913927) |
Abridged Statement of Financial Position - continued |
31 March 2018 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director on |
Ship-Shape Products Limited (Registered number: 02913927) |
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Ship-Shape Products Limited is a |
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 |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
Financial instruments |
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial |
assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for |
objective evidence of impairment. |
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 year was |
Ship-Shape Products Limited (Registered number: 02913927) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
COST |
At 1 April 2017 |
Additions |
At 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 |
5. | SECURED DEBTS |
Shell Pensions Trust Limited hold a charge over the rent deposit of £5,600 for securing all monies due or to |
become due from the company to Shell Pensions Trust Limited. |
6. | COMMITMENTS, GUARANTEES AND CONTINGENCIES |
At the year end the company has commitments, guarantees and contingencies totalling £63,250 (2017: £19,167). |
7. | RELATED PARTY DISCLOSURES |
The accounts include a loan from the director where interest has not been charged and therefore has not been |
concluded under normal market conditions. The loan held at the year end was £59,939 (2017: £92,238). |