Accounts filed on 30-11-2018


ACCOUNTS
FOR THE YEAR ENDED 30/11/2018





DIRECTORS
P O'Brien
S Davis



SECRETARY
P O'Brien


REGISTERED OFFICE
93 Basepoint Business Centre
Yeoford Way, Marsh Barton
Exeter
Devon
EX2 8LB


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04327073



ACCOUNTANTS
R F Love and Company
Chartered Accountant
78 Basepoint Business Centre
Yeoford Way, Marsh Barton
Exeter
Devon
EX2 8LB


ACCOUNTS
FOR THEYEARENDED30/11/2018



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/11/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	2		25,035		33,380

CURRENT ASSETS
Stock		5,764,808		4,644,808
Debtors	4	294,386		332,817
Cash at bank and in hand		33,840		213,927
		6,093,034		5,191,552
CREDITORS: Amounts falling due within one year	5	4,609,512		3,422,540
NET CURRENT ASSETS			1,483,522		1,769,012
TOTAL ASSETS LESS CURRENT LIABILITIES			1,508,557		1,802,392


CREDITORS: Amounts falling due after more than one year	6		775,579		1,072,907


PROVISIONS FOR LIABILITIES AND CHARGES	8		25,035		-

NET ASSETS			707,943		729,485

CAPITAL AND RESERVES

Called up share capital	9		2		2
Profit and loss account			707,941		729,483
SHAREHOLDERS' FUNDS			707,943		729,485

For the year ending 30/11/2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 12/08/2018 and signed on their behalf by



.............................
P O'Brien
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		25%
Fixtures and Fittings		15%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




4. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
VAT	5,499	52,068
Prepayments	6,000	6,000
	11,499	58,068

Amounts falling due over more than one year
Long term debtor	282,887	274,749
	282,887	274,749
	294,386	332,817




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	2,681	-
Directors current account	464,167	445,550
Bank loans and overdrafts	-	12,127
Long term creditor	4,093,275	2,615,356
Credit card	7,210	7,178
Trade creditors	33,678	336,829
Accruals	8,500	5,500
	4,609,511	3,422,540




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Bank loans (secured) >1yr	775,579	1,072,907
	775,579	1,072,907




9. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2