Pilkingtons (Accrington) Limited - Accounts to registrar (filleted) - small 18.2

Pilkingtons (Accrington) Limited - Accounts to registrar (filleted) - small 18.2

PILKINGTONS (ACCRINGTON) LIMITED - Company Information

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REGISTERED NUMBER: 02346720 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Pilkingtons (Accrington) Limited
Pilkingtons (Accrington) Limited (Registered number: 02346720)






Contents of the Financial Statements
for the year ended 31 December 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Pilkingtons (Accrington) Limited

Company Information
for the year ended 31 December 2018







DIRECTOR: A Pilkington





SECRETARY: A Pilkington





REGISTERED OFFICE: 22 - 28 Willow Street
Accrington
Lancashire
BB5 1LP





BUSINESS ADDRESS: Argyle Street
Accrington
Lancashire
BB5 1DQ





REGISTERED NUMBER: 02346720 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP
Page 1
Pilkingtons (Accrington) Limited (Registered number: 02346720)

Abridged Balance Sheet
31 December 2018

31/12/18 31/12/17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 116,321 221,679
116,321 221,679

CURRENT ASSETS
Stocks 2,500 7,500
Debtors 140,864 139,223
Cash at bank and in hand 14,314 30,071
157,678 176,794
CREDITORS
Amounts falling due within one year 23,478 46,138
NET CURRENT ASSETS 134,200 130,656
TOTAL ASSETS LESS CURRENT
LIABILITIES
250,521
352,335

CREDITORS
Amounts falling due after more than one
year
-
(53,977
)

PROVISIONS FOR LIABILITIES (22,778 ) (42,119 )
NET ASSETS 227,743 256,239

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 227,643 256,139
SHAREHOLDERS' FUNDS 227,743 256,239

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Pilkingtons (Accrington) Limited (Registered number: 02346720)

Abridged Balance Sheet - continued
31 December 2018


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 May 2019 and were signed by:





A Pilkington - Director


The notes form part of these financial statements

Page 3
Pilkingtons (Accrington) Limited (Registered number: 02346720)

Notes to the Financial Statements
for the year ended 31 December 2018

1. STATUTORY INFORMATION

Pilkingtons (Accrington) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

The company provides public transport services to members of the public and schools. Revenue is recognised in
the accounting period in which the services are rendered when the outcome of contract can be estimated reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in
commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing
transaction, where the transaction is measured at the present value of the future receipts discounted at a market
rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies
and preference shares that are classified as debt, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the
future receipts discounted at a market rate of interest.

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.


Page 4 continued...
Pilkingtons (Accrington) Limited (Registered number: 02346720)

Notes to the Financial Statements - continued
for the year ended 31 December 2018

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018
and 31 December 2018 401,200
AMORTISATION
At 1 January 2018
and 31 December 2018 401,200
NET BOOK VALUE

At 31 December 2018 -
At 31 December 2017 -

Page 5 continued...
Pilkingtons (Accrington) Limited (Registered number: 02346720)

Notes to the Financial Statements - continued
for the year ended 31 December 2018

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 470,025
Additions 1,635
Disposals (160,424 )
At 31 December 2018 311,236
DEPRECIATION
At 1 January 2018 248,346
Charge for year 31,560
Eliminated on disposal (84,991 )
At 31 December 2018 194,915
NET BOOK VALUE
At 31 December 2018 116,321
At 31 December 2017 221,679

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2018 107,693
Disposals (107,693 )
At 31 December 2018 -
DEPRECIATION
At 1 January 2018 47,116
Eliminated on disposal (47,116 )
At 31 December 2018 -
NET BOOK VALUE
At 31 December 2018 -
At 31 December 2017 60,577

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/18 31/12/17
value: £    £   
100 ORDINARY £1 100 100

Page 6