Signature Homes And Construction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06188637 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Signature Homes And Construction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M L A Tomkins

REGISTERED OFFICE:

171 Widemarsh Street

Hereford

Herefordshire

HR4 9HE

REGISTERED NUMBER:

06188637 (England and Wales)

FIXED ASSETS

Tangible assets

4

6,686

13,260

CURRENT ASSETS

Stocks

3,469,759

2,736,126

Debtors

5

16,922

38,381

Cash at bank and in hand

44,310

152,538

3,530,991

2,927,045

CREDITORS

Amounts falling due within one year

6

4,312,301

3,542,041

NET CURRENT LIABILITIES

(781,310

)

(614,996

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(774,624

)

(601,736

)

CREDITORS

Amounts falling due after more than one year

7

32,986

-

NET LIABILITIES

(807,610

)

(601,736

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(807,710

)

(601,836

)

SHAREHOLDERS' FUNDS

(807,610

)

(601,736

)

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 30 December 2019 and were signed by:

M L A Tomkins - Director

1.	STATUTORY INFORMATION

Signature Homes And Construction Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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 NIL (2018 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

32,416

DEPRECIATION

At 1 April 2018

19,156

Charge for year

6,574

At 31 March 2019

25,730

NET BOOK VALUE

At 31 March 2019

6,686

At 31 March 2018

13,260

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

16,922

38,381

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

2,000,064

1,429,946

Trade creditors

46,231

(8,524

)

Other creditors

2,266,006

2,120,619

4,312,301

3,542,041

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

32,986

-

8.	RELATED PARTY DISCLOSURES

During the year the company was under the control of M L A Tomkins.

During the year the director loaned the business £7,304 (2018: £7,305).