G Middleton (Appleby) Limited Filleted accounts for Companies House (small and micro)

G MIDDLETON (APPLEBY) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06775837

G Middleton (Appleby) Limited

Filleted Unaudited Financial Statements

31 December 2018

G Middleton (Appleby) Limited

Statement of Financial Position

31 December 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	5	1,000	–
Cash at bank and in hand		12	78
		-------	----
		1,012	78

Creditors: amounts falling due within one year	6	1,001		6,627
		-------		-------
Net current assets/(liabilities)			11	( 6,549)
			----	-------
Total assets less current liabilities			11	( 6,549)
			----	-------
Net assets/(liabilities)			11	( 6,549)
			----	-------

G Middleton (Appleby) Limited

Statement of Financial Position (continued)

31 December 2018

	2018		2017
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 89)	( 6,649)
	----	-------
Shareholders funds/(deficit)	11	( 6,549)
	----	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 6 June 2019 , and are signed on behalf of the board by:

Mr G Middleton
Director

Company registration number: 06775837

G Middleton (Appleby) Limited

Notes to the Financial Statements

Year ended 31 December 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 The Friary, Battlebarrow, Appleby, Cumbria, CA16 6XT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

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.

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:

	Motor Vehicles	-	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2017: 1 ).

5. Debtors

	2018	2017
	£	£
Trade debtors	1,000	–
	-------	----

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Social security and other taxes	591	–
Other creditors	410	6,627
	-------	-------
	1,001	6,627
	-------	-------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr G Middleton	( 6,507)	6,457	( 50)
	-------	-------	----

	2017
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr G Middleton	( 37,160)	30,653	( 6,507)
	--------	--------	-------

8. Related party transactions

The company was under the control of Mr G Middleton throughout the current and previous year. Mr G Middleton is the managing director and majority shareholder. The directors loan accounts are disclosed in these accounts. During the year sales of £25,000 (2017 - £30,000) were made to Mr G Middleton , director under normal commercial conditions. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.