NORTH STAFFS JOINERY LTD - Accounts to registrar (filleted) - small 18.2
NORTH STAFFS JOINERY LTD - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2019 |
| FOR |
| NORTH STAFFS JOINERY LTD |
| NORTH STAFFS JOINERY LTD (Registered number: 00616190) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Certified Accountants' Report | 7 |
| NORTH STAFFS JOINERY LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Tape Street |
| Cheadle |
| Stoke On Trent |
| Staffordshire |
| ST10 1BB |
| NORTH STAFFS JOINERY LTD (Registered number: 00616190) |
| STATEMENT OF FINANCIAL POSITION |
| 28 FEBRUARY 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| NORTH STAFFS JOINERY LTD (Registered number: 00616190) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 28 FEBRUARY 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| NORTH STAFFS JOINERY LTD (Registered number: 00616190) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2019 |
| 1. | STATUTORY INFORMATION |
| NORTH STAFFS JOINERY LTD is a |
| 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 |
| There were no material departures from that standard. |
| The financial statements have been prepared on a going concern basis which assumes that the Company will |
| continue in operational existence for the foreseeable future. |
| Turnover |
| Revenue 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 |
| Long leasehold | - |
| Equipment | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| NORTH STAFFS JOINERY LTD (Registered number: 00616190) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2019 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Long |
| leasehold | Equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 March 2018 |
| Additions |
| At 28 February 2019 |
| DEPRECIATION |
| At 1 March 2018 |
| Charge for year |
| At 28 February 2019 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| Cost or valuation at 28 February 2019 is represented by: |
| Long |
| leasehold | Equipment | Totals |
| £ | £ | £ |
| Valuation in 2016 | 563,697 | - | 563,697 |
| Cost | 16,303 | 445 | 16,748 |
| 580,000 | 445 | 580,445 |
| The valuation of Leasehold Investment Property was made as at 29 February 2016 by Keates Hulme Property |
| Consultants on an open market basis. |
| On a historical cost basis it would have been included at its original cost of £16,303. |
| The directors consider this valuation to be unchanged at the financial year end. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Debtors and Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Tax |
| Directors' current accounts | 1,498 | 3,394 |
| Creditors and Accruals |
| NORTH STAFFS JOINERY LTD (Registered number: 00616190) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2019 |
| 7. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | 100,167 | - |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 28 February 2019 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 March 2018 |
| Tfr to Revaluation Reserve | (112,372 | ) |
| At 28 February 2019 |
| CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| NORTH STAFFS JOINERY LTD |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and |
| certain other primary statements and the Report of the Directors are not required to be filed with the Registrar |
| of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of NORTH STAFFS JOINERY LTD for the year ended 28 February 2019 which comprise the |
| Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related |
| notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the Board of Directors of NORTH STAFFS JOINERY LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of NORTH STAFFS JOINERY LTD and state those matters that we have agreed to state to the Board of Directors of NORTH STAFFS JOINERY LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that NORTH STAFFS JOINERY LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of NORTH STAFFS JOINERY LTD. You consider that NORTH STAFFS JOINERY LTD is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of NORTH STAFFS JOINERY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 1 Tape Street |
| Cheadle |
| Stoke On Trent |
| Staffordshire |
| ST10 1BB |