Straight Up Timber Frame Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06390093

Financial Statements for the Year Ended 31 October 2018

for

Straight Up Timber Frame Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Hodgson

G P Armstrong

REGISTERED OFFICE:

14 Ribblesdale House

Ribblesdale Place

Preston

Lancashire

PR1 3NA

REGISTERED NUMBER:

06390093

ACCOUNTANTS:

C.A. Evans & Company

Springroyd

Clapham Road

Austwick

Lancaster

LA2 8BE

FIXED ASSETS

Tangible assets

4

1,206

1,369

CURRENT ASSETS

Stocks

1,950

3,550

Debtors

24,714

23,668

Cash at bank

45,693

52,913

72,357

80,131

CREDITORS

Amounts falling due within one year

43,982

44,969

NET CURRENT ASSETS

28,375

35,162

TOTAL ASSETS LESS CURRENT LIABILITIES

29,581

36,531

PROVISIONS FOR LIABILITIES

222

250

NET ASSETS

29,359

36,281

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,259

36,181

SHAREHOLDERS' FUNDS

29,359

36,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 July 2019 and were signed on its behalf by:

G P Armstrong - Director

A Hodgson - Director

1.	STATUTORY INFORMATION

Straight Up Timber Frame Limited is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 etc

-

33% on cost and 25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2017

6,979

Additions

1,068

At 31 October 2018

8,047

DEPRECIATION

At 1 November 2017

5,610

Charge for year

1,231

At 31 October 2018

6,841

NET BOOK VALUE

At 31 October 2018

1,206

At 31 October 2017

1,369

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £72,000 were paid to the directors .