Company Registration No. 3864103 (England and Wales)
System Clad (Specialist Works) Limited
Unaudited accounts
for the year ended 31 October 2018
System Clad (Specialist Works) Limited
Unaudited accounts
Contents
System Clad (Specialist Works) Limited
Company Information
for the year ended 31 October 2018
Directors
Paul McHugh
Fiona McHugh
Company Number
3864103 (England and Wales)
Registered Office
45 LADYFIELDS
BROOMFIELD
HERNE BAY
KENT
CT6 7BF
ENGLAND
Accountants
Julie Thatcher Bookkeeping & Accountancy
88 Herne Bay Road
Whitstable
Kent
CT5 2LX
System Clad (Specialist Works) Limited
Statement of financial position
as at 31 October 2018
Tangible assets
5,502
6,108
Cash at bank and in hand
76,938
102,429
Creditors: amounts falling due within one year
(41,298)
(31,745)
Net current assets
81,151
89,994
Total assets less current liabilities
86,653
96,102
Creditors: amounts falling due after more than one year
(890)
(1,058)
Called up share capital
5
5
Profit and loss account
85,758
95,039
Shareholders' funds
85,763
95,044
For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 July 2019.
Paul McHugh
Director
Company Registration No. 3864103
System Clad (Specialist Works) Limited
Notes to the Accounts
for the year ended 31 October 2018
System Clad (Specialist Works) Limited is a private company, limited by shares, registered in England and Wales, registration number 3864103. The registered office is 45 LADYFIELDS, BROOMFIELD, HERNE BAY, KENT, CT6 7BF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2017
16,616
1,018
17,634
At 31 October 2018
16,616
2,058
18,674
At 1 November 2017
10,866
660
11,526
Charge for the year
1,437
209
1,646
At 31 October 2018
12,303
869
13,172
At 31 October 2018
4,313
1,189
5,502
At 31 October 2017
5,750
358
6,108
Trade debtors
44,699
18,578
System Clad (Specialist Works) Limited
Notes to the Accounts
for the year ended 31 October 2018
6
Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
-
3,926
Taxes and social security
24,822
18,964
Other creditors
2,822
1,822
Loans from directors
12,454
4,137
7
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
1,058
1,058
Taxes and social security
(168)
-
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).