The Sidings (Whalley) Limited Filleted accounts for Companies House (small and micro)
The Sidings (Whalley) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
02776639
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STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
4 |
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CURRENT ASSETS
Stocks |
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Debtors |
5 |
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Cash at bank and in hand |
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-------- |
-------- |
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CREDITORS: amounts falling due within one year |
6 |
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NET CURRENT LIABILITIES |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
7 |
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PROVISIONS
Taxation including deferred tax |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
10 December 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
02776639
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2020
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Haydock House, Pleckgate Road, Blackburn, Lancashire, BB1 8QW.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
(a)
Basis of preparation
(b)
Revenue recognition
(c)
Taxation
(d)
Tangible assets
(e)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, Fittings & Equipment |
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15% per annum reducing balance |
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(f)
Stocks
(g)
Provisions
4.
TANGIBLE ASSETS
Investment Property |
Fixtures, Fittings & Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2019 |
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Additions |
– |
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At 31 March 2020 |
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Depreciation |
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At 1 April 2019 |
– |
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Charge for the year |
– |
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At 31 March 2020 |
– |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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5.
DEBTORS
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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6.
CREDITORS:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Director loan accounts |
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7.
CREDITORS:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Amounts owed to group undertakings |
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The bank borrowings are secured by the company.
8.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
There are no transactions with directors that require disclosure under FRS 102.
9.
RELATED PARTY TRANSACTIONS
The company was under the control of the directors, Mr
M.N. Hindle
and Mr L. Hindle, throughout the year. During the year the company has continued to receive loan finance from its parent company, Whalley Holdings Limited. The maximum amount of the loan during the year was £319,342 and the amount outstanding at 31 March 2020 was £268,223. Interest has been charged at a rate of 4% per annum amounting to £9,768.
10.
CONTROLLING PARTY
The company is a wholly owned subsidiary of Whalley Holdings Limited, a company controlled in the year by the directors, Mr M.N. Hindle and Mr L. Hindle. The address of the registered office of Whalley Holdings Limited is Haydock House, Pleckgate Road, Blackburn, Lancashire, BB1 8QW.