The Fleet Warehouse (South West) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10511837 (England and Wales)

The Fleet Warehouse (South West) Limited

Unaudited Financial Statements for the Year Ended 30 April 2019

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R K Bastable

A Hopkins

REGISTERED OFFICE:

21 Cox Road

WELLINGTON

Somerset

TA21 9RD

REGISTERED NUMBER:

10511837 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

SOLICITORS:

Clark Willmott LLP

Blackbrook Gate

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PG

FIXED ASSETS

Tangible assets

4

491,600

740,551

CURRENT ASSETS

Debtors

10,859

300

CREDITORS

Amounts falling due within one year

257,801

101,868

NET CURRENT LIABILITIES

(246,942

)

(101,568

)

TOTAL ASSETS LESS CURRENT LIABILITIES

244,658

638,983

CREDITORS

Amounts falling due after more than one year

5

232,500

618,635

NET ASSETS

12,158

20,348

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

11,858

20,048

SHAREHOLDERS' FUNDS

12,158

20,348

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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 24 December 2019 and were signed on its behalf by:

R K Bastable - Director

A Hopkins - Director

1.	STATUTORY INFORMATION

The Fleet Warehouse (South West) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation

techniques.

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

Fixed assets consist wholly of freehold land which is not depreciated.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2018

740,551

Disposals

(248,951

)

At 30 April 2019

491,600

NET BOOK VALUE

At 30 April 2019

491,600

At 30 April 2018

740,551

Included in cost of land and buildings is freehold land of £ 491,600 (2018 - £ 740,551 ) which is not depreciated.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.4.19

30.4.18

£

£

Repayable otherwise than by instalments

Other loans

232,500

618,635

6.	RELATED PARTY DISCLOSURES

At the year-end the company owed £203,081 to The Fleet Warehouse Limited, a company controlled by the

directors.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.