Shire Controls Limited - Accounts to registrar (filleted) - small 18.2

Shire Controls Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01494807 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

SHIRE CONTROLS LIMITED

SHIRE CONTROLS LIMITED (REGISTERED NUMBER: 01494807)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIRE CONTROLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2019







DIRECTORS: C A Caswell
I R Couchman





SECRETARY: I R Couchman





REGISTERED OFFICE: Studio 3
Channocks Farm
Gilston Nr Harlow
Essex
CM20 2RL





REGISTERED NUMBER: 01494807 (England and Wales)





ACCOUNTANTS: Gane Jackson Scott LLP
Chartered Certified Accountants
Second Floor, Kestrel House
Falconry Court
Bakers Lane
Epping
Essex
CM16 5BD

SHIRE CONTROLS LIMITED (REGISTERED NUMBER: 01494807)

BALANCE SHEET
30 APRIL 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,783 68,154

CURRENT ASSETS
Stocks 449,982 403,911
Debtors 5 588,518 493,801
Cash at bank and in hand 1,180,136 1,388,278
2,218,636 2,285,990
CREDITORS
Amounts falling due within one year 6 201,165 185,607
NET CURRENT ASSETS 2,017,471 2,100,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,083,254

2,168,537

PROVISIONS FOR LIABILITIES 374 529
NET ASSETS 2,082,880 2,168,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 2,082,780 2,167,908
SHAREHOLDERS' FUNDS 2,082,880 2,168,008

SHIRE CONTROLS LIMITED (REGISTERED NUMBER: 01494807)

BALANCE SHEET - continued
30 APRIL 2019


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 24 January 2020 and were signed on its
behalf by:





I R Couchman - Director


SHIRE CONTROLS LIMITED (REGISTERED NUMBER: 01494807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019

1. STATUTORY INFORMATION

Shire Controls 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.

SHIRE CONTROLS LIMITED (REGISTERED NUMBER: 01494807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2018
and 30 April 2019 89,340 116,020 10,900 216,260
DEPRECIATION
At 1 May 2018 25,792 111,759 10,555 148,106
Charge for year 1,227 1,058 86 2,371
At 30 April 2019 27,019 112,817 10,641 150,477
NET BOOK VALUE
At 30 April 2019 62,321 3,203 259 65,783
At 30 April 2018 63,548 4,261 345 68,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 338,694 197,369
Other debtors 161,199 161,199
Directors' current accounts 76,911 126,991
Prepayments 11,714 8,242
588,518 493,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 34,916 17,196
Tax 18,147 7,781
Social security and other taxes 3,281 (188 )
VAT 48,021 64,679
Directors' current accounts 91,135 91,055
Accrued expenses 5,665 5,084
201,165 185,607

7. RESERVES
Retained
earnings
£   

At 1 May 2018 2,167,908
Profit for the year 74,872
Dividends (160,000 )
At 30 April 2019 2,082,780

SHIRE CONTROLS LIMITED (REGISTERED NUMBER: 01494807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2019

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2019 and
30 April 2018:

2019 2018
£    £   
C A Caswell
Balance outstanding at start of year 126,991 127,071
Amounts repaid (50,080 ) (80 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,911 126,991