2017-04-01 04242503 2018-03-31 04242503 2017-04-01 2018-03-31 04242503 2017-03-31 04242503 2016-04-01 2017-03-31 04242503 uk-core:WithinOneYear 2017-03-31 04242503 uk-core:WithinOneYear 2018-03-31 04242503 uk-core:ShareCapital 2018-03-31 04242503 uk-core:ShareCapital 2017-03-31 04242503 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 04242503 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 04242503 uk-bus:Director1 2017-04-01 2018-03-31 04242503 uk-core:PlantMachinery 2017-04-01 2018-03-31 04242503 uk-core:MotorVehicles 2017-04-01 2018-03-31 04242503 uk-core:FurnitureFittings 2017-04-01 2018-03-31 04242503 uk-core:FurnitureFittings 2017-03-31 04242503 uk-core:MotorVehicles 2017-03-31 04242503 uk-core:PlantMachinery 2017-03-31 04242503 uk-core:PlantMachinery 2018-03-31 04242503 uk-core:MotorVehicles 2018-03-31 04242503 uk-core:FurnitureFittings 2018-03-31 iso4217:GBP xbrli:pure 04242503 uk-bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 04242503 uk-bus:FRS102 2017-04-01 2018-03-31 04242503 uk-bus:FullAccounts 2017-04-01 2018-03-31 04242503 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31
Derek Foreman House Builders Limited
Registered Number:04242503
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2018
Derek Foreman House Builders Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2018
Derek Foreman House Builders Limited
Statement of Financial Position
Registered Number :
04242503
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
4,430
5,908
2
4,430
5,908
Current assets
Inventories
1,620,109
2,030,580
3
Trade and other receivables
855
1,564
4
220,221
Cash and cash equivalents
18,416
2,050,560
1,841,185
Trade and other payables: amounts falling due within one
year
(262,019)
(500,841)
5
1,579,166
1,549,719
Net current assets
Total assets less current liabilities
1,554,149
1,585,074
1,554,149
Net assets
1,585,074
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
1,553,149
1,584,074
1,554,149
1,585,074
Shareholders' funds
For the year ended 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 of its financial statements for the year 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 proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D R Foreman Director
These financial statements were approved and authorised for issue by the Board on 31 October 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2018
Derek Foreman House Builders Limited
Notes to the Financial Statements
Statutory Information
Derek Foreman House Builders Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04242503.
Registered address:
The Glasshouse
58a Grove Lane
Holt
Norfolk
NR25 6ED
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2018
Derek Foreman House Builders Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2017
59,173
12,776
14,843
31,554
At 31 March 2018
31,554
14,843
12,776
59,173
Provision for depreciation and impairment
At 01 April 2017
53,265
10,223
13,523
29,519
Charge for year
1,478
639
330
509
At 31 March 2018
54,743
10,862
13,853
30,028
At 31 March 2018
Net book value
1,526
990
1,914
4,430
At 31 March 2017
2,035
1,320
2,553
5,908
3. Inventories
2017
2018
£
£
Stocks
2,030,580
1,620,109
4. Trade and other receivables
2017
2018
£
£
Other debtors
1,564
855
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
906
5,396
Taxation and social security
7,221
10,688
Other creditors
492,714
245,935
500,841
262,019
6. Average number of persons employed
During the year the average number of employees was 3 (2017 : 3)
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