G. Parry Home Improvements Limited,Ltd - AccountsLtd - Accounts

G. Parry Home Improvements Limited,Ltd - AccountsLtd - Accounts

G. PARRY HOME IMPROVEMENTS LIMITED - Company Information

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2018-04-01 05668062 2019-02-28 05668062 2018-04-01 2019-02-28 05668062 2018-03-31 05668062 2017-04-01 2018-03-31 05668062 uk-core:WithinOneYear 2018-03-31 05668062 uk-core:WithinOneYear 2019-02-28 05668062 uk-core:AfterOneYear 2018-03-31 05668062 uk-core:AfterOneYear 2019-02-28 05668062 uk-core:ShareCapital 2019-02-28 05668062 uk-core:ShareCapital 2018-03-31 05668062 uk-core:RetainedEarningsAccumulatedLosses 2019-02-28 05668062 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 05668062 uk-bus:Director1 2018-04-01 2019-02-28 05668062 uk-core:PlantMachinery 2018-04-01 2019-02-28 05668062 uk-core:CommercialMotorVehicles 2018-04-01 2019-02-28 05668062 uk-core:CommercialMotorVehicles 2018-03-31 05668062 uk-core:PlantMachinery 2018-03-31 05668062 uk-core:PlantMachinery 2019-02-28 05668062 uk-core:CommercialMotorVehicles 2019-02-28 05668062 uk-core:WithinOneYear 2019-02-28 05668062 uk-core:WithinOneYear 2018-03-31 05668062 uk-core:WithinOneYear 2018-04-01 2019-02-28 05668062 uk-core:AfterOneYear uk-core:Secured 2019-02-28 05668062 uk-core:AfterOneYear uk-core:Secured 2018-03-31 05668062 uk-core:AfterOneYear 2018-04-01 2019-02-28 iso4217:GBP xbrli:pure 05668062 uk-bus:AuditExempt-NoAccountantsReport 2018-04-01 2019-02-28 05668062 uk-bus:FRS102 2018-04-01 2019-02-28 05668062 uk-bus:FullAccounts 2018-04-01 2019-02-28 05668062 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-02-28
G. Parry Home Improvements Limited
Registered Number:05668062
For the period ended 28 February 2019
England and Wales
Unaudited Financial Statements
2
For the period ended 28 February 2019
G. Parry Home Improvements Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
As at 28 February 2019
G. Parry Home Improvements Limited
Statement of Financial Position
Registered Number :
05668062
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
200,189
129,674
2
200,189
129,674
Current assets
Inventories
25,000
182,040
Trade and other receivables
257,297
557,954
3
739,994
282,297
Trade and other payables: amounts falling due within one year
(279,427)
(310,008)
4
2,870
429,986
Net current assets
Total assets less current liabilities
630,175
132,544
Trade and other payables: amounts falling due after more than
one year
(55,168)
(285,785)
5
(34,000)
(24,000)
Provisions for liabilities
310,390
Net assets
53,376
Capital and reserves
Called up share capital
10
10
Retained earnings
310,380
53,366
310,390
53,376
Shareholders' funds
For the period ended 28 February 2019 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 period ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
M G H Hall Director
These financial statements were approved and authorised for issue by the Board on 15 March 2019 and were signed by:
The notes form part of these financial statements
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4
For the period ended 28 February 2019
G. Parry Home Improvements Limited
Notes to the Financial Statements
Statutory Information
G. Parry Home Improvements Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05668062.
Registered address:
Islwyn
Mold Road
Ruthin
Denbighshire
LL15 1SL
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% Straight line
25% Straight line
Motor vehicles
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.
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5
For the period ended 28 February 2019
G. Parry Home Improvements Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or valuation
At 01 April 2018
320,647
319,125
1,522
117,833
112,633
5,200
Additions
(13,600)
-
Disposals
(13,600)
At 28 February 2019
6,722
418,158
424,880
Provision for depreciation and impairment
At 01 April 2018
190,973
189,451
1,522
Charge for period
33,718
32,418
1,300
At 28 February 2019
224,691
221,869
2,822
At 28 February 2019
Net book value
3,900
196,289
200,189
At 31 March 2018
-
129,674
129,674
3. Trade and other receivables
2018
2019
£
£
Trade debtors
292,173
255,151
Other debtors
265,781
2,146
257,297
557,954
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Bank loans and overdraft
70,198
23,879
Trade creditors
110,030
131,117
Taxation and social security
71,390
68,476
Other creditors
58,390
55,955
310,008
279,427
Included in Other Creditors are obligations under under finance lease and hire purchase contracts totalling £51,000 (31 March 2018 £38,628). The obligations are secured on the assets concerned.
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6
For the period ended 28 February 2019
G. Parry Home Improvements Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Bank loans and overdraft
187,500
-
Other creditors
98,285
55,168
285,785
55,168
Included in Other Creditors are obligations under under finance lease and hire purchase contracts totalling £98,285 (31 March 2018 £55,168). The obligations are secured on the assets concerned. None of the creditors are repayable after more than 5 years (31 March 2018 None).
6. Related party transactions
Bellol Ltd is controlled by MGH and Mrs J Hall, who are directors.
At 28 February 2019 Bellol Ltd owned 47.5% of the issued share capital of the company.
At 28 February 2019 the company had advanced loans of £246,000 to Bellol Ltd, included in Other Debtors. These loans are
interest free and repayable on demand.
7. Average number of persons employed
During the year the average number of employees was 25 (2018 : 24)
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