Traditional Plastering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07521448 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Traditional Plastering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Huntley

Mrs K J Huntley

REGISTERED OFFICE:

5 Moorland Parade

Upton

Poole

Dorset

BH16 5JS

REGISTERED NUMBER:

07521448 (England and Wales)

FIXED ASSETS

Intangible assets

4

18,000

19,500

Tangible assets

5

4,648

6,198

22,648

25,698

CURRENT ASSETS

Debtors

6

991

1,400

Cash at bank

482

1,504

1,473

2,904

CREDITORS

Amounts falling due within one year

7

23,288

28,481

NET CURRENT LIABILITIES

(21,815

)

(25,577

)

TOTAL ASSETS LESS CURRENT LIABILITIES

833

121

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

733

21

SHAREHOLDERS' FUNDS

833

121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 December 2019 and were signed on its behalf by:

M J Huntley - Director

Mrs K J Huntley - Director

1.	STATUTORY INFORMATION

Traditional Plastering 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

30,000

AMORTISATION

At 1 April 2018

10,500

Amortisation for year

1,500

At 31 March 2019

12,000

NET BOOK VALUE

At 31 March 2019

18,000

At 31 March 2018

19,500

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

9,200

650

9,850

DEPRECIATION

At 1 April 2018

3,002

650

3,652

Charge for year

1,550

-

1,550

At 31 March 2019

4,552

650

5,202

NET BOOK VALUE

At 31 March 2019

4,648

-

4,648

At 31 March 2018

6,198

-

6,198

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

991

1,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

2,116

3,228

Other creditors

21,172

25,253

23,288

28,481

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2018

21

Profit for the year

712

At 31 March 2019

733