Ellesmere Linen Hire Limited - Accounts to registrar (filleted) - small 18.2
Ellesmere Linen Hire Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2018 |
| for |
| Ellesmere Linen Hire Limited |
| Ellesmere Linen Hire Limited (Registered number: 04713128) |
| Contents of the Financial Statements |
| for the year ended 30 June 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Ellesmere Linen Hire Limited |
| Company Information |
| for the year ended 30 June 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 3-5 Grange Terrace |
| Stockton Road |
| Sunderland |
| Tyne & Wear |
| SR2 7DG |
| BANKERS: |
| 53 Fawcett Street |
| Sunderland |
| Tyne and Wear |
| SR1 1RS |
| Ellesmere Linen Hire Limited (Registered number: 04713128) |
| Statement of Financial Position |
| 30 June 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Revaluation reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Ellesmere Linen Hire Limited (Registered number: 04713128) |
| Statement of Financial Position - continued |
| 30 June 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 Board of Directors on |
| Ellesmere Linen Hire Limited (Registered number: 04713128) |
| Notes to the Financial Statements |
| for the year ended 30 June 2018 |
| 1. | STATUTORY INFORMATION |
| Ellesmere Linen Hire Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis,which assumes the company will continue in |
| operational existence for the foreseeable future, which the directors consider to be appropriate. |
| Turnover |
| Turnover represents hire services provided, excluding value added tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over |
| its estimated life to 30 June 2022. |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Plant and machinery was revalued on 2 February 2015 by an independent valuer. |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable |
| value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or |
| damaged stock where the net realisable value is less than cost. |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic |
| financial instruments are recognised at transaction value and subsequently measured at their settlement value. |
| Taxation |
| Taxation for the year 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. |
| Ellesmere Linen Hire Limited (Registered number: 04713128) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 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 year 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. |
| Government grants |
| Grants received towards the cost of fixed assets are treated as deferred income and credited to the profit and loss account |
| over the expected useful economic life of the asset to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 July 2017 |
| and 30 June 2018 |
| AMORTISATION |
| At 1 July 2017 |
| Amortisation for year |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| Ellesmere Linen Hire Limited (Registered number: 04713128) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| Cost or valuation at 30 June 2018 is represented by: |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Valuation in 2014 | 72,936 | - | - | 72,936 |
| Cost | 216,769 | 4,392 | 35,413 | 256,574 |
| 289,705 | 4,392 | 35,413 | 329,510 |
| If Plant & machinery had not been revalued they would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 216,383 | 170,077 |
| Aggregate depreciation | 168,042 | 154,434 |
| Plant & machinery were valued on an open market basis on 2 February 2015 by independent valuers . |
| 6. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Stocks |
| Ellesmere Linen Hire Limited (Registered number: 04713128) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2018 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 17,083 | - |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Amounts due to factor | 118,963 | 112,263 |
| Directors' current accounts |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank overdrafts |
| Hire purchase contracts | 25,989 | - |
| Amounts due to factor | 118,963 | 112,263 |
| The bank overdraft is secured by personal guarantees by the director. |
| Amounts due to the factoring company are secured on amounts due from trade debtors and a fixed and floating charge over |
| the company and all of its property and assets. |
| Ellesmere Linen Hire Limited (Registered number: 04713128) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2018 |
| 11. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | 26,844 | 16,254 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2017 |
| Accelerated capital allowances | 10,590 |
| Balance at 30 June 2018 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| A Ordinary | £1 | 250 | 250 |
| B Ordinary | £1 | 200 | 250 |
| (2017 - 250 ) |
| C Ordinary | £1 | 40 | - |
| D Ordinary | £1 | 10 | - |
| 500 | 500 |
| 13. | CONTROL |
| The company was under the control of the director, Mr W E Coombs during the year. |