Wisborough (Tenterden) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03399935 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

WISBOROUGH (TENTERDEN) LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E A Entwistle

J A Entwistle

Mrs P Entwistle

J M Grigg

REGISTERED OFFICE:

19 North Street

Ashford

Kent

TN24 8LF

REGISTERED NUMBER:

03399935 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews

Chartered Accountants

19 North Street

Ashford

Kent

TN24 8LF

FIXED ASSETS

Tangible assets

4

31,407

42,520

CURRENT ASSETS

Stocks

2,000

650

Debtors

5

1,887

(11,097

)

Cash at bank and in hand

2,542

20,211

6,429

9,764

CREDITORS

Amounts falling due within one year

6

35,866

33,149

NET CURRENT LIABILITIES

(29,437

)

(23,385

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,970

19,135

CREDITORS

Amounts falling due after more than one year

7

1,830

1,830

NET ASSETS

140

17,305

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

40

17,205

SHAREHOLDERS' FUNDS

140

17,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 23 April 2019 and were signed on its behalf by:

J A Entwistle - Director

1.	STATUTORY INFORMATION

Wisborough (Tenterden) 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

-

20% on cost

Fixtures and fittings

-

10% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 4 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2017

and 30 September 2018

97,541

94,264

2,218

194,023

DEPRECIATION

At 1 October 2017

93,774

55,821

1,908

151,503

Charge for year

1,583

9,427

103

11,113

At 30 September 2018

95,357

65,248

2,011

162,616

NET BOOK VALUE

At 30 September 2018

2,184

29,016

207

31,407

At 30 September 2017

3,767

38,443

310

42,520

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Other debtors

1,887

(11,097

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Bank loans and overdrafts

8,278

-

Trade creditors

5,140

6,500

Amounts owed to group undertakings

-

2,640

Taxation and social security

10,660

18,230

Other creditors

11,788

5,779

35,866

33,149

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

30.9.17

£

£

Other creditors

1,830

1,830

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.9.18

30.9.17

value:

£

£

100

Share capital 1

£100

100

100

9.

RESERVES

Retained

earnings

£

At 1 October 2017

17,205

Deficit for the year

(7,659

)

Dividends

(9,506

)

At 30 September 2018

40