Touchwood Devon Limited - Accounts

Touchwood Devon Limited - Accounts

TOUCHWOOD DEVON LIMITED - Company Information

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Registered Number: 04010292
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2019

for

TOUCHWOOD DEVON LIMITED

Touchwood Devon Limited
Contents Page
For the year ended 31 March 2019
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 1,260,304    1,309,646 
1,260,304    1,309,646 
Current assets      
Stocks 145,876    145,871 
Debtors: amounts falling due within one year 211,940    178,077 
357,816    323,948 
Creditors: amount falling due within one year (455,222)   (322,429)
Net current assets (97,406)   1,519 
 
Total assets less current liabilities 1,162,898    1,311,165 
Creditors: amount falling due after more than one year (829,360)   (1,023,325)
Net assets 333,538    287,840 
 

Capital and reserves 		     
Called up share capital 3 450    450 
Share premium account 299,850    299,850 
Profit and loss account 33,238    (12,460)
Shareholders funds 333,538    287,840 
 


For the year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of directors


--------------------------------
Ian David Crosby
Director

Date approved by the board: 19 June 2019
1
General Information
Touchwood Devon Limited is a private company, limited by shares, registered in England and Wales, registration number 04010292, registration address 6 Marsh Green Road North, Marsh Barton Trading Estate, Exeter, EX2 8NY.
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Plant and Machinery 10% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost Land and Buildings   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2018 891,568    680,562    8,137    193,724    1,773,991 
Additions -    9,634    15,113    3,628    28,375 
Disposals -    -    -    -    - 
At 31 March 2019 891,568    690,196    23,250    197,352    1,802,366 
Depreciation
At 01 April 2018 -    336,910    6,694    120,742    464,346 
Charge for year -    54,429    4,138    19,149    77,716 
On disposals -    -    -    -    - 
At 31 March 2019 -    391,339    10,832    139,891    542,062 
Net book values
Closing balance as at 31 March 2019 891,568    298,857    12,418    57,461    1,260,304 
Opening balance as at 01 April 2018 891,568    343,652    1,443    72,983    1,309,646 


3.

Share Capital

Allotted
2019
£		   2018
£
450 Ordinary shares of £1.00 each 450    450 
450    450 

2