Torrington Stone Limited 31/10/2018 iXBRL
Torrington Stone Limited 31/10/2018 iXBRL
Company registration number:
01922343
Unaudited filleted financial statements
TORRINGTON STONE LIMITED
Contents
Statement of financial position
Notes to the financial statements
TORRINGTON STONE LIMITED
STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
(
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(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
(
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(
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Provisions for liabilities |
(
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(
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 9 |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
06 June 2019
, and are signed on behalf of the board by:
Director
Company registration number:
01922343
TORRINGTON STONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 64 High Street, Bideford, Devon, EX39 2AR.
Principal activity
The principal activity of the company is the quarrying and sale of stone.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
7
(2017:
7
).
5.
Tangible assets
Freehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 November 2017 |
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Disposals | - |
(
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- |
(
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(
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_______ | _______ | _______ | _______ | _______ | ||
At 31 October 2018 |
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_______ | _______ | _______ | _______ | _______ | ||
Depreciation | ||||||
At 1 November 2017 |
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Charge for the year |
(
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Disposals | - |
(
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- | - |
(
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_______ | _______ | _______ | _______ | _______ | ||
At 31 October 2018 |
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_______ | _______ | _______ | _______ | _______ | ||
Carrying amount | ||||||
At 31 October 2018 |
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_______ | _______ | _______ | _______ | _______ | ||
At 31 October 2017 |
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_______ | _______ | _______ | _______ | _______ | ||
6.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors | - |
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Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Trade creditors |
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Accruals and deferred income |
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Social security and other taxes | 48,495 | 55,104 | ||
Other creditors | 54,890 | 55,422 | ||
_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due after more than one year
2018 | 2017 | |||
£ | £ | |||
Other creditors |
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_______ | _______ | |||
9.
Reserves
10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
Loans to / (from) directors at 1 November 2017 | Amounts repaid | Balance at 31 October 2018 | ||
£ | £ | £ | ||
The Directors | - | - | - | |
_______ | _______ | _______ | ||
Loans to / (from) directors at 1 November 2016 | Amounts repaid | Balance at 31 October 2017 | ||
£ | £ | £ | ||
The Directors |
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(
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- | |
_______ | _______ | _______ | ||