Powerfix (Colchester) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04548386 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

Powerfix (Colchester) Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S Brooker

K D Fish

SECRETARY:

K D Fish

REGISTERED OFFICE:

Lodge Park

Lodge Lane

Langham

Colchester

Essex

CO4 5NE

REGISTERED NUMBER:

04548386 (England and Wales)

ACCOUNTANTS:

Wood & Disney Limited

Lodge Park

Lodge Lane

Langham

Colchester

Essex

CO4 5NE

FIXED ASSETS

Tangible assets

4

4,729

6,305

CURRENT ASSETS

Stocks

31,770

53,500

Debtors

46,356

40,949

Cash at bank and in hand

15,099

5,876

93,225

100,325

CREDITORS

Amounts falling due within one year

78,670

74,508

NET CURRENT ASSETS

14,555

25,817

TOTAL ASSETS LESS CURRENT LIABILITIES

19,284

32,122

CREDITORS

Amounts falling due after more than one year

-

1,078

NET ASSETS

19,284

31,044

CAPITAL AND RESERVES

Called up share capital

5

50

50

Retained earnings

19,234

30,994

SHAREHOLDERS' FUNDS

19,284

31,044

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 May 2019 and were signed on its behalf by:

K D Fish - Director

1.	STATUTORY INFORMATION

Powerfix (Colchester) Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2017

and 30 November 2018

11,209

DEPRECIATION

At 1 December 2017

4,904

Charge for year

1,576

At 30 November 2018

6,480

NET BOOK VALUE

At 30 November 2018

4,729

At 30 November 2017

6,305

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 December 2017

and 30 November 2018

11,209

DEPRECIATION

At 1 December 2017

4,904

Charge for year

1,576

At 30 November 2018

6,480

NET BOOK VALUE

At 30 November 2018

4,729

At 30 November 2017

6,305

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

50

Ordinary

£1

50

50