W.G. FRIEND AND SON LIMITED
W.G. FRIEND AND SON LIMITED
W.G. FRIEND AND SON LIMITED
Company Registration Number:
02282953 (England and Wales)
Unaudited statutory accounts for the year ended 31 August 2021
Period of accounts
Start date: 1 September 2020
End date: 31 August 2021
W.G. FRIEND AND SON LIMITED
Contents of the Financial Statements
for the Period Ended 31 August 2021
Balance sheet | |
Additional notes | |
Balance sheet notes |
W.G. FRIEND AND SON LIMITED
Balance sheet
As at
Notes | 2021 | 2020 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | 3 | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | | | |
Provision for liabilities: | ( | ( | |
Accruals and deferred income: | | | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Share premium account: | | ||
Other reserves: | | | |
Profit and loss account: | | | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
W.G. FRIEND AND SON LIMITED
Balance sheet statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
W.G. FRIEND AND SON LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2021
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Freehold buildings over 50 yearsPlant and machinery 10% reducing balanceMotor vehicles 20% reducing balance Other accounting policies
Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
W.G. FRIEND AND SON LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2021
-
2. Employees
2021 2020 Average number of employees during the period 23 23
W.G. FRIEND AND SON LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2021
3. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 September 2020 | | | | | ||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 August 2021 | | | | | ||
Depreciation | ||||||
At 1 September 2020 | | | | | ||
Charge for year | | | | | ||
On disposals | ||||||
Other adjustments | ||||||
At 31 August 2021 | | | | | ||
Net book value | ||||||
At 31 August 2021 | | | | | ||
At 31 August 2020 | | | | |
W.G. FRIEND AND SON LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2021
4. Stocks
2021 | 2020 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
W.G. FRIEND AND SON LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2021
5. Debtors
2021 | 2020 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Other debtors | | |
Total | | |
W.G. FRIEND AND SON LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2021
6. Creditors: amounts falling due within one year note
2021 | 2020 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Other creditors | | |
Total | | |