S.G. Shields (Benfleet) Limited - Accounts to registrar (filleted) - small 18.2
S.G. Shields (Benfleet) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2018 |
| for |
| S.G. SHIELDS (BENFLEET) LIMITED |
| S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| S.G. SHIELDS (BENFLEET) LIMITED |
| Company Information |
| for the Year Ended 31 July 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Victoria House |
| 50 Alexandra Street |
| Southend-on-Sea |
| Essex |
| SS1 1BN |
| S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916) |
| Balance Sheet |
| 31 July 2018 |
| 31/7/18 | 31/7/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916) |
| Balance Sheet - continued |
| 31 July 2018 |
| 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 |
| S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2018 |
| 1. | STATUTORY INFORMATION |
| S.G. Shields (Benfleet) Limited is a |
| 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 |
| Turnover |
| Turnover represents the invoiced amount of goods sold and services provided (stated Net of Value Added Tax). |
| Tangible fixed assets |
| Freehold property | - |
| Leasehold property | - |
| Improvements to property | - |
| Plant & equipment | - |
| Motor vehicles | - |
| 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. |
| 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 |
| S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | Leasehold | to |
| property | property | property |
| £ | £ | £ |
| COST |
| At 1 August 2017 |
| and 31 July 2018 |
| DEPRECIATION |
| At 1 August 2017 |
| Charge for year |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| Plant & | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2017 |
| and 31 July 2018 |
| DEPRECIATION |
| At 1 August 2017 |
| Charge for year |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Trade debtors |
| VAT |
| Prepayments |
| S.G. SHIELDS (BENFLEET) LIMITED (REGISTERED NUMBER: 01429916) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Pensions | 276 | 116 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Loan | 30,000 | 30,000 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Loan |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/7/18 | 31/7/17 |
| value: | £ | £ |
| Ordinary Shares | £1 | 2,100 | 2,100 |