Trans Wipers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01304963 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

TRANS WIPERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S.A. Atkins

J Robbins

C A Atkins

Ms A V Atkins

H D Atkins

SECRETARY:

S.A. Atkins

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

01304963 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

7,057

14,974

CURRENT ASSETS

Stocks

329,240

308,464

Debtors

5

410,361

377,634

Cash at bank and in hand

28,619

31,912

768,220

718,010

CREDITORS

Amounts falling due within one year

6

689,882

536,658

NET CURRENT ASSETS

78,338

181,352

TOTAL ASSETS LESS CURRENT LIABILITIES

85,395

196,326

CREDITORS

Amounts falling due after more than one year

7

-

3,779

NET ASSETS

85,395

192,547

CAPITAL AND RESERVES

Called up share capital

8

15,000

15,000

Retained earnings

9

70,395

177,547

SHAREHOLDERS' FUNDS

85,395

192,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2019 and were signed on its behalf by:

S.A. Atkins - Director

1.	STATUTORY INFORMATION

Trans Wipers Limited is a private company, limited by shares , registered in England and Wales. The

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Plant and Machinery 15% Straight line basis

Fixtures,fittings & equipment 25% Straight line basis

Motor Vehicles 25%-33% Straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 15 (2017 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

and 30 June 2018

50,700

DEPRECIATION

At 1 July 2017

35,726

Charge for year

7,917

At 30 June 2018

43,643

NET BOOK VALUE

At 30 June 2018

7,057

At 30 June 2017

14,974

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2017

and 30 June 2018

13,995

DEPRECIATION

At 1 July 2017

6,998

Charge for year

3,499

At 30 June 2018

10,497

NET BOOK VALUE

At 30 June 2018

3,498

At 30 June 2017

6,997

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

375,981

343,224

Other debtors

34,380

34,410

410,361

377,634

Trade debtors at 30th June 2018 includes £320,922 (2017- £313,558) accepted by Barclays Bank plc

Sales Financing under a 'with recourse' finance agreement.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

87,641

58,865

Hire purchase contracts

3,779

3,331

Trade creditors

223,165

246,518

Taxation and social security

51,276

65,895

Other creditors

324,021

162,049

689,882

536,658

Bank loans and overdrafts are secured by a debenture on the bank's standard form dated 3 November

1995.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

-

3,779

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

15,000

Ordinary

£1

15,000

15,000

9.

RESERVES

Retained

earnings

£

At 1 July 2017

177,547

Profit for the year

86,848

Dividends

(115,000

)

Purchase of own shares

(79,000

)

At 30 June 2018

70,395

10.	RELATED PARTY DISCLOSURES

At 30th June 2018 the company owed £312,716 to Green Self Storage Limited, a company under the

control of S. A. Atkins, in respect of loans.