Linings & Hoses Limited - Accounts to registrar (filleted) - small 18.2
Linings & Hoses Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2019 |
| for |
| Linings & Hoses Limited |
| Linings & Hoses Limited (Registered number: 05891410) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2019 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Linings & Hoses Limited (Registered number: 05891410) |
| Balance Sheet |
| 30 September 2019 |
| 30.9.19 | 30.9.18 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Linings & Hoses Limited (Registered number: 05891410) |
| Balance Sheet - continued |
| 30 September 2019 |
| 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 by: |
| Linings & Hoses Limited (Registered number: 05891410) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2019 |
| 1. | STATUTORY INFORMATION |
| Linings & Hoses Limited is a |
| registered number and registered office address are as below: |
| Registered number: | 05891410 |
| Registered office: | 3rd Avenue |
| Radnor Park Trading Estate |
| Congleton |
| Cheshire |
| CW12 4XJ |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is recognised when the company obtains the right to consideration. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2008, was being amortised |
| evenly over its estimated useful life of twenty years. During 2018 this asset has now been fully disposed. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stock and work in progress |
| Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for |
| obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to |
| completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable |
| overheads. |
| 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. |
| Linings & Hoses Limited (Registered number: 05891410) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of |
| the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are |
| depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations |
| under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is |
| charged to the profit and loss account over the period of the lease and represents a constant proportion of the |
| balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as |
| tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital |
| element of future finance payments is included within creditors. Finance charges are allocated to accounting |
| periods over the length of the contract and represent a constant proportion of the balance of capital repayments |
| outstanding. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 September 2019 |
| DEPRECIATION |
| At 1 October 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| At 30 September 2018 |
| Linings & Hoses Limited (Registered number: 05891410) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Transfer to ownership | (15,500 | ) | (37,030 | ) | (52,530 | ) |
| At 30 September 2019 |
| DEPRECIATION |
| At 1 October 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| Transfer to ownership | (7,104 | ) | (32,337 | ) | (39,441 | ) |
| At 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| At 30 September 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.19 | 30.9.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.19 | 30.9.18 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.19 | 30.9.18 |
| £ | £ |
| Hire purchase contracts |