E.A.Sheardown & Company Limited - Accounts to registrar (filleted) - small 18.2
E.A.Sheardown & Company Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| E.A.SHEARDOWN & COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| E.A.SHEARDOWN & COMPANY LIMITED (REGISTERED NUMBER: 00567569) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 8 |
| E.A.SHEARDOWN & COMPANY LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3 Castlegate |
| Grantham |
| Lincolnshire |
| NG31 6SF |
| BANKERS: |
| 88 Westgate |
| Grantham |
| Lincolnshire |
| NG31 6LF |
| E.A.SHEARDOWN & COMPANY LIMITED (REGISTERED NUMBER: 00567569) |
| STATEMENT OF FINANCIAL POSITION |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Valuation |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Share premium |
| 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. |
| E.A.SHEARDOWN & COMPANY LIMITED (REGISTERED NUMBER: 00567569) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 March 2019 |
| 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 |
| E.A.SHEARDOWN & COMPANY LIMITED (REGISTERED NUMBER: 00567569) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| E.A.Sheardown & Company Limited 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable for sales of produce and |
| contract work, excluding value added tax. |
| Sales of produce are recognised upon despatch and contract work is recognised on the day services are |
| provided. |
| Intangible assets |
| Intangible assets consist of entitlements to the basic payment scheme. The entitlements are recognised at fair |
| value and written off on a straight line basis over the period to 31 December 2019. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Valuation |
| The valuation has been professionally prepared by Messrs Escritt Barrell Golding, at the lower of cost and fair |
| value less costs to sell. |
| 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. |
| E.A.SHEARDOWN & COMPANY LIMITED (REGISTERED NUMBER: 00567569) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a self-administered defined contribution pension scheme to provide for retirement |
| benefits for directors and an external defined contribution scheme for employees. Contributions are charged |
| to the income statement as incurred. |
| Fixed asset investments are recognised the lower of cost and fair value. |
| Basic payment |
| The Basic Payment is recognised in the financial statements in accordance with H. M. Revenue and Customs |
| guidance. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 April 2018 |
| and 31 March 2019 |
| AMORTISATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| E.A.SHEARDOWN & COMPANY LIMITED (REGISTERED NUMBER: 00567569) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2018 |
| Reversal of impairments |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| E.A.SHEARDOWN & COMPANY LIMITED (REGISTERED NUMBER: 00567569) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts |
| Accruals and deferred income |
| Deferred government grants |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Deferred government grants |
| Hire purchase contracts |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts | 87,475 | 109,966 |
| Hire purchase contracts are secured on the asset to which they relate. |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 112,589 | 112,589 |
| Preference | £1 | 2,000 | 2,000 |
| 114,589 | 114,589 |
| The Preference shares are non redeemable and any dividends payable are at the discretion of the company. |
| E.A.SHEARDOWN & COMPANY LIMITED (REGISTERED NUMBER: 00567569) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 12. | OTHER FINANCIAL COMMITMENTS |
| At the year end the company had commitments due as follows: |
| 2019 | 2018 |
| £ | £ |
| Within one year | 23,362 | 41,405 |
| Between one and five years | - | 18,433 |
| 23,362 | 59,837 |