Porter & Daughter Limited - Accounts to registrar (filleted) - small 18.2
Porter & Daughter Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2018 |
| for |
| Porter & Daughter Limited |
| Porter & Daughter Limited (Registered number: 08128572) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2018 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Porter & Daughter Limited (Registered number: 08128572) |
| Balance Sheet |
| 31 August 2018 |
| 31.8.18 | 31.8.17 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| Porter & Daughter Limited (Registered number: 08128572) |
| Balance Sheet - continued |
| 31 August 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 director on |
| Porter & Daughter Limited (Registered number: 08128572) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2018 |
| 1. | STATUTORY INFORMATION |
| Porter & Daughter Limited is a |
| company's registered number and registered office address are as below: |
| Registered number: | 08128572 |
| Registered office: | Eden Point |
| Three Acres Lane |
| Cheadle Hulme |
| SK8 6RL |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is recognised when the company obtains the right to consideration. |
| Tangible fixed assets |
| Freehold property | - |
| 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. |
| Porter & Daughter Limited (Registered number: 08128572) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2018 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Motor |
| property | vehicles | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 September 2017 |
| and 31 August 2018 |
| DEPRECIATION |
| At 1 September 2017 |
| Charge for year |
| At 31 August 2018 |
| NET BOOK VALUE |
| At 31 August 2018 |
| At 31 August 2017 |
| Cost or valuation at 31 August 2018 is represented by: |
| Freehold | Motor |
| property | vehicles | Totals |
| £ | £ | £ |
| Valuation in 2017 | 358,898 | - | 358,898 |
| Cost | 731,402 | 30,500 | 761,902 |
| 1,090,300 | 30,500 | 1,120,800 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Bank loans |
| Porter & Daughter Limited (Registered number: 08128572) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2018 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Bank loans |
| Bank loans are secured by way of a charge on the properties. |