Penny Vintage Carriage Bodies Limited - Accounts to registrar (filleted) - small 18.2
Penny Vintage Carriage Bodies Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 MAY 2018 TO 31 MAY 2019 |
FOR |
PENNY VINTAGE CARRIAGE BODIES LIMITED |
PENNY VINTAGE CARRIAGE BODIES LIMITED (REGISTERED NUMBER: 03853638) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2018 TO 31 MAY 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PENNY VINTAGE CARRIAGE BODIES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 MAY 2018 TO 31 MAY 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
6 Langdale Court |
Witney |
Oxfordshire |
OX28 6FG |
PENNY VINTAGE CARRIAGE BODIES LIMITED (REGISTERED NUMBER: 03853638) |
BALANCE SHEET |
31 MAY 2019 |
31.5.19 | 30.4.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
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. |
PENNY VINTAGE CARRIAGE BODIES LIMITED (REGISTERED NUMBER: 03853638) |
BALANCE SHEET - continued |
31 MAY 2019 |
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 by: |
PENNY VINTAGE CARRIAGE BODIES LIMITED (REGISTERED NUMBER: 03853638) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2018 TO 31 MAY 2019 |
1. | STATUTORY INFORMATION |
The nature of the company's operations and principal activity is that of restoration of vintage motor vehicles. |
The company's principal place of business is Bloxham, Oxfordshire.. The financial statements are presented in |
sterling which is the functional currency of the company and rounded to the nearest £. |
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 |
Improvements to Leasehold Property | - |
Plant and machinery | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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. |
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 period was |
PENNY VINTAGE CARRIAGE BODIES LIMITED (REGISTERED NUMBER: 03853638) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2018 TO 31 MAY 2019 |
4. | TANGIBLE FIXED ASSETS |
Improvements |
to |
Leasehold | Plant and | Computer |
Property | machinery | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2018 |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 May 2019 |
DEPRECIATION |
At 1 May 2018 |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 May 2019 |
NET BOOK VALUE |
At 31 May 2019 |
At 30 April 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.19 | 30.4.18 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.19 | 30.4.18 |
£ | £ |
Trade Creditors |
Tax |
Social security and other taxes |
VAT | 4,720 | 7,376 |
Other Creditors |
Directors' loan accounts | 82,938 | 14,386 |
Accruals |
7. | PROVISIONS FOR LIABILITIES |
31.5.19 | 30.4.18 |
£ | £ |
Deferred tax | - | 422 |
PENNY VINTAGE CARRIAGE BODIES LIMITED (REGISTERED NUMBER: 03853638) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2018 TO 31 MAY 2019 |
7. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 May 2018 |
Balance at 31 May 2019 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.19 | 30.4.18 |
value: | £ | £ |
A Ordinary | £1 | 1 | 1 |
B Ordinary | £1 | 1 | 1 |
2 | 2 |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr S Penny and Mrs W Penny. |