Winslow Adaptics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02338612 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

WINSLOW ADAPTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T A Winslow

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

02338612 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Chartered Accountants

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

BANKERS:

HSBC Bank Plc

127-128 High Street

Merthyr Tydfil

CF47 8DN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

150,266

110,123

Investments

6

-

-

150,266

110,123

CURRENT ASSETS

Stocks

96,053

124,694

Debtors

7

194,655

210,652

Cash at bank and in hand

10,647

31,433

301,355

366,779

CREDITORS

Amounts falling due within one year

8

125,944

150,887

NET CURRENT ASSETS

175,411

215,892

TOTAL ASSETS LESS CURRENT LIABILITIES

325,677

326,015

CREDITORS

Amounts falling due after more than one year

9

-

(1,933

)

PROVISIONS FOR LIABILITIES

(6,387

)

(18,455

)

NET ASSETS

319,290

305,627

CAPITAL AND RESERVES

Called up share capital

75,003

75,003

Retained earnings

244,287

230,624

SHAREHOLDERS' FUNDS

319,290

305,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 and authorised for issue on 28 January 2021 and were signed by:

T A Winslow - Director

1.	STATUTORY INFORMATION

Winslow Adaptics 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.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly

owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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 12 (2019 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

8,400

AMORTISATION

At 1 April 2019

and 31 March 2020

8,400

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

1,181,789

Additions

66,660

At 31 March 2020

1,248,449

DEPRECIATION

At 1 April 2019

1,071,666

Charge for year

26,517

At 31 March 2020

1,098,183

NET BOOK VALUE

At 31 March 2020

150,266

At 31 March 2019

110,123

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2019

and 31 March 2020

50,000

PROVISIONS

At 1 April 2019

and 31 March 2020

50,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

174,461

198,652

Other debtors

20,194

12,000

194,655

210,652

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

3,170

9,830

Trade creditors

39,932

78,947

Taxation and social security

30,632

13,552

Other creditors

52,210

48,558

125,944

150,887

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

-

1,933

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T A Winslow.