R P Shearwood Builders Limited
R P Shearwood Builders Limited
Registered number: 5274181
Unaudited Financial Statements
For The Year Ended 31 December 2018
Graver & Co Ltd
R P Shearwood Builders Limited
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
R P Shearwood Builders Limited
Balance Sheet
As at
31 December 2018
Balance Sheet
Registered number:
5274181
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Stocks | 7 |
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| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 9 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 10 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 186,254 | 165,926 | |||
Page 1
R P Shearwood Builders Limited
Balance Sheet (continued)
As at
31 December 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
R P Shearwood Builders Limited
Notes to the Financial Statements
For The Year Ended 31 December 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
Page 3
R P Shearwood Builders Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2018 | 2017 | ||
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| Office and administration |
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| Manufacturing |
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6.
Tangible Assets
| Land & Property | |||||
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| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
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| Additions |
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| Disposals |
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| Depreciation | |||||
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| Provided during the period |
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| Disposals |
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| Net Book Value | |||||
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7.
Stocks
| 2018 | 2017 | ||
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| £ | £ | ||
| Stock - materials and work in progress | 5,925 | 9,869 | |
| Stock - materials |
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Page 4
R P Shearwood Builders Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
8.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 3,211 | 2,804 | |
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| Due after more than one year | |||
| Other debtors | 113,650 | 85,720 | |
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9.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| Trade creditors |
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| Bank loans and overdrafts |
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| Taxation and social security | 17,892 | 17,964 | |
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10.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Bank loans |
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| Other creditors | 32,689 | 24,686 | |
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Page 5
R P Shearwood Builders Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
12.
Related Party Transactions
Batemans Carpets Ltd
R Shearwood is a director and shareholder of Batemans Carpets Ltd
There is a loan between the two companies and the outstanding balance at the year end was £95,305.67 and is included within Debtors on the Balance Sheet. (£80,294 debtor 2017)
RPS Properties Ltd
R Shearwood is a director and shareholder of RPS Properties Ltd
There is a loan between the two companies and the outstanding balance at the year end was £16,343.96 and is included within Debtors on the Balance Sheet. (£5,426 debtor 2017)
RPS Maintenance Services Ltd
R Shearwood is a director and shareholder of RPS Maintenance Services Ltd
There is a loan between the two companies and the outstanding balance at the year end was £276.64 and is included within Creditors on the Balance Sheet. (£8,730 creditor 2017)
R D & D Properties Ltd
R Shearwood is a director and shareholder of R D & D Properties Ltd
There is a loan between the two companies and the outstanding balance at the year end was £2000 and is included within Debtors on the Balance Sheet. (nil 2017)
Beeston Garden Centre Ltd
R Shearwood is a director and shareholder of Beeston Garden Centre Ltd
There is a loan between the two companies and the outstanding balance at the year end was £549 and is included within Creditors on the Balance Sheet. (£549 creditor 2017)
13.
Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of his ownership of 100% of the issued share capital in the company.
Page 6