The Hafod Suntime Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01699049 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2018

for

The Hafod Suntime Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G L Campbell

Mr J G Duncan

Mr B J Mann

Mr P J R Martin

Mr A Martin

Mr J Ross

Mr R W Steele

Mr H Sharp

Miss B Sharp

Mrs E McRoberts

SECRETARY:

Mr J G Duncan

REGISTERED OFFICE:

Fair View Catforth Road

Catforth

Preston

Lancashire

PR4 0HH

REGISTERED NUMBER:

01699049 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

3

15,381

16,910

CURRENT ASSETS

Debtors

4

95

95

Cash at bank

2,535

2,065

2,630

2,160

CREDITORS

Amounts falling due within one year

5

530

500

NET CURRENT ASSETS

2,100

1,660

TOTAL ASSETS LESS CURRENT LIABILITIES

17,481

18,570

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

(32,519

)

(31,430

)

SHAREHOLDERS' FUNDS

17,481

18,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 2nd August 2019 and were signed on its behalf by:

Mr J G Duncan - Director

1.	STATUTORY INFORMATION

The Hafod Suntime Company 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 represents contributions from members of the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on reducing balance

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.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2018

and 31st December 2018

38,000

23,103

61,103

DEPRECIATION

At 1st January 2018

26,220

17,973

44,193

Charge for year

760

769

1,529

At 31st December 2018

26,980

18,742

45,722

NET BOOK VALUE

At 31st December 2018

11,020

4,361

15,381

At 31st December 2017

11,780

5,130

16,910

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

95

95

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

530

500

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.