Perrys Builders Merchants Ltd - Accounts to registrar (filleted) - small 18.2
Perrys Builders Merchants Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2018 |
| for |
| Perrys Builders Merchants Ltd |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Perrys Builders Merchants Ltd |
| Company Information |
| for the Year Ended 31 July 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 22 The Square |
| The Millfields |
| Plymouth |
| Devon |
| PL1 3JX |
| BANKERS: |
| 48 Mutley Plain |
| Plymouth |
| PL4 6LP |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Balance Sheet |
| 31 July 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| 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. |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Balance Sheet - continued |
| 31 July 2018 |
| 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 |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2018 |
| 1. | STATUTORY INFORMATION |
| Perrys Builders Merchants Ltd 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 |
| Turnover represents the total invoice value, excluding value added tax. Direct retail turnover is recognised when |
| a sale is completed within the retail unit. |
| Tangible fixed assets and depreciation |
| Short leasehold property | - |
| Plant & machinery | - |
| Fixtures, fittings & equipment | - |
| Computer & office equipment | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete, damaged |
| and slow-moving items. Cost includes all direct expenditure. |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet 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 |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and |
| depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are |
| included in creditors net of the finance charge allocated to future periods. The finance element of the rental |
| payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net |
| obligations outstanding in each period. |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Investments |
| Fixed asset investments are stated at cost less provision for permanent diminution in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Short | Fixtures, | Computer |
| leasehold | Plant & | fittings | & office |
| property | machinery | & equipment | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2017 |
| and 31 July 2018 |
| DEPRECIATION |
| At 1 August 2017 |
| Charge for year |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 August 2017 |
| and 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| Directors' valuation of unlisted investments at 31 July 2017 - £1,250. |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Factoring account | (14,919 | ) | (17,862 | ) |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 16,808 | 17,852 |
| Other creditors |
| Directors' current accounts | 16,250 | 61,691 |
| Accruals and deferred income |
| 8. | RELATED PARTY DISCLOSURES |
| At the year end, the company owed £16,250 to the director. The loan is interest free and repayable on demand. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company was under the control of Mr M Periton for the whole accounting period. |