Accounts filed on 30-11-2019


ACCOUNTS
FOR THE YEAR ENDED 30/11/2019





DIRECTORS
A J Carter
S J Carter
H G Davies
M W Sowden (resigned 15 November 2019)
C A Tarrant (resigned 28 Febuary 2019)
J P Dunford (appointed 29 March 2019)


REGISTERED OFFICE
Beechfield Road
Hopton Industrial Estate
Devizes
Wiltshire
SN10 2DX


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04078313



ACCOUNTANTS
David Reed Associates Ltd
54D Frome Road
Bradford on Avon
Wiltshire
BA15 1LA


ACCOUNTS
FOR THEYEARENDED30/11/2019



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/11/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	2		159,838		204,042

CURRENT ASSETS
Stock		56,199		64,250
Debtors	4	126,073		218,194
Cash at bank and in hand		56,718		292,250
		238,990		574,694
CREDITORS: Amounts falling due within one year	5	191,725		283,337
NET CURRENT ASSETS			47,265		291,357
TOTAL ASSETS LESS CURRENT LIABILITIES			207,103		495,399


PROVISIONS FOR LIABILITIES AND CHARGES	7		15,391		30,559

NET ASSETS			191,712		464,840

CAPITAL AND RESERVES

Called up share capital	8		4,231		4,391
Share premium account	9		70,004		70,004
Capital redemption reserve	10		160		-
Profit and loss account			117,317		390,445
SHAREHOLDERS' FUNDS			191,712		464,840

For the year ending 30/11/2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 10/11/2020 and signed on their behalf by



.............................
A J Carter
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable to small companies in the UK and Republic of Ireland and the Companies Act 2006 . No adjustments were necessary on transition to FRS102.




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short Leasehold Properties		10% straight line
Plant and Machinery		15-20% reducing balance
Fixtures and Fittings		15% reducing balance
Motor Cars		25% straight line
The directors increased the annual depreciation rate on Short Leasehold Properties from 2% straight line to 10% straight line with effect from 1 December 2015.




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




4. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	94,905	215,004
Other debtors	31,168	-
Prepayments	-	3,190
	126,073	218,194




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
Tax and social security	-	38,024
VAT	25,642	59,772
PAYE control	12,324	17,756
Directors current account	1,847	1,847
Trade creditors	63,808	153,031
Other creditors	-	8,151
Pension schemes	2,068	1,526
Accruals	34,536	3,230
Amounts due to group companies	51,500	-
	191,725	283,337




8. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
900 Ordinary A shares of £1 each	900	900
1691 Ordinary B& C Shares of £1 each	1691	1691
1640 First and Second Preference of £1 each	1640	1800
	4,231	4,391


During the year the Company purchased 160 Second preference shares for the sum of £16,000. The shares were subsequently cancelled.




11. CONTROLLING PARTY
The company's majority shareholder is Retrac Holdings Limited.