Thornton Shipbrokers Limited
Thornton Shipbrokers Limited
Registered number: 01177124
Financial Statements
For The Year Ended 31 July 2018
One Plus One Ltd
34/36 Fore Street
Bovey Tracey
Devon
TQ13 9AE
Thornton Shipbrokers Limited
Financial Statements
For The Year Ended 31 July 2018
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Thornton Shipbrokers Limited
Balance Sheet
As at
31 July 2018
Balance Sheet
Registered number:
01177124
For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 5 |
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| Tangible Assets | 6 |
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| Investments | 7 |
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| CURRENT ASSETS | |||||
| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 9 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 10 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
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| Revaluation reserve | 12 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 2,453,154 | 2,474,786 | |||
Page 1
Thornton Shipbrokers Limited
Balance Sheet (continued)
As at
31 July 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Thornton Shipbrokers Limited
Notes to the Financial Statements
For The Year Ended 31 July 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Plant & Machinery |
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| Fixtures & Fittings |
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1.5.
Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
5.
Intangible Assets
| Other | |||
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| £ | |||
| Cost | |||
| As at |
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| Amortisation | |||
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |||
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Page 3
Thornton Shipbrokers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2018
6.
Tangible Assets
| Investment Properties | Plant & Machinery | Fixtures & Fittings | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at |
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| As at |
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| Depreciation | ||||
| As at |
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| Provided during the period | - |
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| As at |
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| Net Book Value | ||||
| As at |
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7.
Investments
| Listed | Unlisted | Total | |||
|---|---|---|---|---|---|
| £ | £ | £ | |||
| Cost | |||||
| As at |
753,313 | 72,055 | 825,368 | ||
| Additions | 80,307 | 80,307 | |||
| Disposals | (33,262) | (33,262) | |||
| Revaluations | 4,375 | 4,375 | |||
| As at |
800,358 | 76,430 | 876,788 | ||
| Provision | |||||
| As at |
- | - | - | ||
| As at |
- | - | - | ||
| Net Book Value | |||||
| As at |
800,358 | 76,430 | 876,788 | ||
| As at |
753,313 | 72,055 | 825,368 | ||
Page 4
Thornton Shipbrokers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2018
8.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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9.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| Accruals and deferred income |
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| Director's loan account |
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10.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Handelsbanken Bank loan (Long term liabilities - creditors > 1 year) |
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12.
Reserves
| Revaluation Reserve | |
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| £ | |
| As at |
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| Surplus on revaluation |
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| As at |
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13.
General Information
Thornton Shipbrokers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01177124 . The registered office is 34/36 Fore Street, Bovey Tracey, TQ13 9AE.
Page 5