Entry Doors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08836334 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2019

FOR

ENTRY DOORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Sweet

C Sweet

REGISTERED OFFICE:

Unit 4

Wolseley Business Park

Wolseley Close

Plymouth

Devon

PL2 3BY

REGISTERED NUMBER:

08836334 (England and Wales)

ACCOUNTANTS:

Mayers

33 Mary Seacole Road

The Millfields

Plymouth

Devon

PL1 3JY

FIXED ASSETS

Tangible assets

4

1,383

2,096

CURRENT ASSETS

Stocks

6,125

5,895

Debtors

5

109,341

80,038

Cash at bank

957

-

116,423

85,933

CREDITORS

Amounts falling due within one year

6

200,149

137,290

NET CURRENT LIABILITIES

(83,726

)

(51,357

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(82,343

)

(49,261

)

PROVISIONS FOR LIABILITIES

263

398

NET LIABILITIES

(82,606

)

(49,659

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(82,706

)

(49,759

)

SHAREHOLDERS' FUNDS

(82,606

)

(49,659

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 24 June 2019 and were signed on its behalf by:

C J Sweet - Director

1.	STATUTORY INFORMATION

Entry Doors Ltd 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 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, 25% on cost and 25% on reducing balance

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

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 14 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

4,773

Additions

332

At 31 January 2019

5,105

DEPRECIATION

At 1 February 2018

2,677

Charge for year

1,045

At 31 January 2019

3,722

NET BOOK VALUE

At 31 January 2019

1,383

At 31 January 2018

2,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

108,580

76,740

Other debtors

761

3,298

109,341

80,038

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Bank loans and overdrafts

69,150

58,940

Trade creditors

79,146

47,992

Taxation and social security

50,603

28,932

Other creditors

1,250

1,426

200,149

137,290

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.19

31.1.18

£

£

Bank overdrafts

10,709

13,892

Bank loans

58,441

45,048

69,150

58,940

Lloyds Bank plc have a fixed and floating charge on assets held.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2019 and

31 January 2018:

31.1.19

31.1.18

£

£

B Sweet and C J Sweet

Balance outstanding at start of year

-

899

Amounts advanced

29,522

44,564

Amounts repaid

-

-

Amounts written off

(29,522

)

(45,463

)

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	RELATED PARTY DISCLOSURES

The directors Loan Account of £29,522 was written off to the profit & Loss Account, and shown as

Directors commission.

10.	ULTIMATE CONTROLLING PARTY

The directors Ben and Chris Sweet are in control of the company.