Alexander Perkins Limited - Limited company accounts 18.2
Alexander Perkins Limited - Limited company accounts 18.2
| REGISTERED NUMBER: |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31 May 2019 |
| for |
| Alexander Perkins Limited |
| Alexander Perkins Limited (Registered number: 09056627) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2019 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Alexander Perkins Limited |
| Company Information |
| for the Year Ended 31 May 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2 Stratton Heights |
| Cirencester |
| Gloucestershire |
| GL7 2RH |
| Alexander Perkins Limited (Registered number: 09056627) |
| Report of the Directors |
| for the Year Ended 31 May 2019 |
| The directors present their report with the financial statements of the company for the year ended 31 May 2019. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of supplying and fitting automatic gates. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 June 2018 to the date of this |
| report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to |
| small companies. |
| ON BEHALF OF THE BOARD: |
| Alexander Perkins Limited (Registered number: 09056627) |
| Income Statement |
| for the Year Ended 31 May 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 25,564 | 42,687 |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| 30,020 | 42,945 |
| Interest payable and similar expenses |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| Alexander Perkins Limited (Registered number: 09056627) |
| Balance Sheet |
| 31 May 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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. |
| Alexander Perkins Limited (Registered number: 09056627) |
| Balance Sheet - continued |
| 31 May 2019 |
| The financial statements were approved by the Board of Directors on |
| Alexander Perkins Limited (Registered number: 09056627) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2019 |
| 1. | STATUTORY INFORMATION |
| Alexander Perkins Limited is a |
| 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, 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. |
| Commercial unit - 2% straight line |
| Plant and machinery - 25% on reducing balance |
| Vans - 25% on reducing balance |
| Office equipment - 20% 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. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Alexander Perkins Limited (Registered number: 09056627) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2019 | 2018 |
| £ | £ |
| Depreciation - owned assets |
| 5. | DIVIDENDS |
| 2019 | 2018 |
| £ | £ |
| Ordinary shares of £1 each |
| Final | 18,900 | 33,200 |
| 6. | TANGIBLE FIXED ASSETS |
| Commercial | Plant & | Office |
| unit | machinery | Vans | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 June 2018 |
| Additions |
| At 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Charge for year |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| 7. | STOCKS |
| 2019 | 2018 |
| £ | £ |
| Stock |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Alexander Perkins Limited (Registered number: 09056627) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Mortgage |
| Trade creditors |
| Tax |
| VAT | 7,443 | 7,681 |
| Other creditors |
| Accrued expenses | 910 | 810 |
| Directors' current accounts | 51,006 | 94,943 |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Mortgage 1-5 years | 11,026 | 7,943 |
| Mortgage more 5yrs | 7,708 | 12,729 |
| Mortgage more 5yrs non-inst | 73,453 | 73,453 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Mortgage more 5yrs non-inst |
| Repayable by instalments |
| Mortgage more 5yrs | 7,708 | 12,729 |