Integrity Products Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08039893 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

INTEGRITY PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

P W Shelton

P Burnard

REGISTERED OFFICE:

Priory House

2 Priory Road

Dudley

West Midlands

DY1 1HH

REGISTERED NUMBER:

08039893 (England and Wales)

ACCOUNTANTS:

Poole Waterfield Limited

Priory House

2 Priory Road

Dudley

West Midlands

DY1 1HH

FIXED ASSETS

Tangible assets

4

80,791

25,102

CURRENT ASSETS

Stocks

94,459

91,242

Debtors

5

195,821

209,246

Cash at bank

253,573

232,679

543,853

533,167

CREDITORS

Amounts falling due within one year

6

400,906

322,138

NET CURRENT ASSETS

142,947

211,029

TOTAL ASSETS LESS CURRENT LIABILITIES

223,738

236,131

PROVISIONS FOR LIABILITIES

8

15,271

4,769

NET ASSETS

208,467

231,362

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

208,267

231,162

SHAREHOLDERS' FUNDS

208,467

231,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 14 November 2019 and were signed on its behalf by:

P W Shelton - Director

1.	STATUTORY INFORMATION

Integrity Products 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33.33% on cost

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.

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 4 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2018

-

823

37,595

6,646

45,064

Additions

43,474

1,034

39,824

1,615

85,947

Disposals

-

-

(15,149

)

-

(15,149

)

At 30 April 2019

43,474

1,857

62,270

8,261

115,862

DEPRECIATION

At 1 May 2018

-

369

13,534

6,059

19,962

Charge for year

8,670

223

10,838

832

20,563

Eliminated on disposal

-

-

(5,454

)

-

(5,454

)

At 30 April 2019

8,670

592

18,918

6,891

35,071

NET BOOK VALUE

At 30 April 2019

34,804

1,265

43,352

1,370

80,791

At 30 April 2018

-

454

24,061

587

25,102

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

188,351

200,388

Other debtors

1,300

2,712

Prepayments

6,170

6,146

195,821

209,246

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

123,248

92,993

Social security and other taxes

21,796

59,391

Directors' current accounts

248,662

163,104

Accrued expenses

7,200

6,650

400,906

322,138

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.19

30.4.18

£

£

Within one year

16,500

-

Between one and five years

38,500

-

55,000

-

8.	PROVISIONS FOR LIABILITIES

30.4.19

30.4.18

£

£

Deferred tax

15,271

4,769

Deferred

tax

£

Balance at 1 May 2018

4,769

Charge to Income Statement during year

10,502

Balance at 30 April 2019

15,271

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200