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 2021

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

166,641

150,266

Investments

6

-

-

166,641

150,266

CURRENT ASSETS

Stocks

103,511

96,053

Debtors

7

168,748

194,655

Cash at bank and in hand

12,678

10,647

284,937

301,355

CREDITORS

Amounts falling due within one year

8

82,963

125,944

NET CURRENT ASSETS

201,974

175,411

TOTAL ASSETS LESS CURRENT LIABILITIES

368,615

325,677

CREDITORS

Amounts falling due after more than one year

9

(41,667

)

-

PROVISIONS FOR LIABILITIES

-

(6,387

)

NET ASSETS

326,948

319,290

CAPITAL AND RESERVES

Called up share capital

75,003

75,003

Retained earnings

251,945

244,287

SHAREHOLDERS' FUNDS

326,948

319,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 5 November 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 13 (2020 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2020

and 31 March 2021

8,400

AMORTISATION

At 1 April 2020

and 31 March 2021

8,400

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

1,248,449

Additions

17,213

At 31 March 2021

1,265,662

DEPRECIATION

At 1 April 2020

1,098,183

Charge for year

838

At 31 March 2021

1,099,021

NET BOOK VALUE

At 31 March 2021

166,641

At 31 March 2020

150,266

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2020

and 31 March 2021

50,000

PROVISIONS

At 1 April 2020

and 31 March 2021

50,000

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

132,424

174,461

Other debtors

36,324

20,194

168,748

194,655

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

12,568

3,170

Trade creditors

55,615

39,932

Taxation and social security

(34,796

)

30,632

Other creditors

49,576

52,210

82,963

125,944

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

41,667

-

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T A Winslow.