Period Restoration (Hampshire) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08296981 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

PERIOD RESTORATION (HAMPSHIRE) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C Wilson

REGISTERED OFFICE:

Hartfield Place

40-44 High Street

Northwood

Middlesex

HA6 1BN

REGISTERED NUMBER:

08296981 (England and Wales)

ACCOUNTANTS:

Robert Clow & Co

Chartered Accountants

Hartfield Place

40 - 44 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Tangible assets

4

13,979

17,528

CURRENT ASSETS

Debtors

17,656

22,299

Cash at bank

3,850

10,683

21,506

32,982

CREDITORS

Amounts falling due within one year

20,380

65,438

NET CURRENT ASSETS/(LIABILITIES)

1,126

(32,456

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,105

(14,928

)

CREDITORS

Amounts falling due after more than one year

(10,687

)

(13,832

)

PROVISIONS FOR LIABILITIES

5

(2,656

)

(3,330

)

NET ASSETS/(LIABILITIES)

1,762

(32,090

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

1,761

(32,091

)

SHAREHOLDERS' FUNDS

1,762

(32,090

)

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 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet 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 Income Statement has not been delivered.

The financial statements were approved by the director on 13 January 2020 and were signed by:

Mr C Wilson - Director

1.	STATUTORY INFORMATION

Period Restoration (Hampshire) 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 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 represents invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2018

41,884

Additions

1,110

At 30 April 2019

42,994

DEPRECIATION

At 1 May 2018

24,356

Charge for year

4,659

At 30 April 2019

29,015

NET BOOK VALUE

At 30 April 2019

13,979

At 30 April 2018

17,528

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2018

and 30 April 2019

20,793

DEPRECIATION

At 1 May 2018

9,097

Charge for year

2,924

At 30 April 2019

12,021

NET BOOK VALUE

At 30 April 2019

8,772

At 30 April 2018

11,696

5.	PROVISIONS FOR LIABILITIES

30.4.19

30.4.18

£

£

Deferred tax

2,656

3,330

Deferred

tax

£

Balance at 1 May 2018

3,330

Provided during year

(674

)

Balance at 30 April 2019

2,656

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

1

Ordinary shares

1

1

1

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors £14,720 owed by the director

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Wilson.