Gardwell Coatings Ltd - Accounts to registrar - small 16.3
Gardwell Coatings Ltd - Accounts to registrar - small 16.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements For The Year Ended 30th April 2016 |
| for |
| Gardwell Coatings Ltd |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Contents of the Financial Statements |
| For The Year Ended 30th April 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Gardwell Coatings Ltd |
| Company Information |
| For The Year Ended 30th April 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 7 Church Plain |
| Great Yarmouth |
| Norfolk |
| NR30 1PL |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Balance Sheet |
| 30th April 2016 |
| 30/4/16 | 30/4/15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Balance Sheet - continued |
| 30th April 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on on its behalf by: |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Notes to the Financial Statements |
| For The Year Ended 30th April 2016 |
| 1. | STATUTORY INFORMATION |
| Gardwell Coatings Ltd is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - | 25% on reducing balance and at varying rates on cost |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making |
| due allowance for obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the balance sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance |
| sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. |
| Those held under finance leases are depreciated over their estimated useful lives or the lease |
| term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| Going concern |
| These financial statements have been prepared using the going concern basis. The directors |
| consider this basis to be appropriate but have not assessed a period in excess of twelve months |
| from the date of approving the accounts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30th April 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and |
| property | property | machinery |
| £ | £ | £ |
| COST |
| At 1st May 2015 |
| Additions |
| At 30th April 2016 |
| DEPRECIATION |
| At 1st May 2015 |
| Charge for year |
| At 30th April 2016 |
| NET BOOK VALUE |
| At 30th April 2016 |
| At 30th April 2015 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st May 2015 |
| Additions |
| At 30th April 2016 |
| DEPRECIATION |
| At 1st May 2015 |
| Charge for year |
| At 30th April 2016 |
| NET BOOK VALUE |
| At 30th April 2016 |
| At 30th April 2015 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| Additions |
| At 30th April 2016 |
| DEPRECIATION |
| Charge for year |
| At 30th April 2016 |
| NET BOOK VALUE |
| At 30th April 2016 |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30th April 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1st May 2015 |
| and 30th April 2016 |
| NET BOOK VALUE |
| At 30th April 2016 |
| At 30th April 2015 |
| 6. | STOCKS |
| 30/4/16 | 30/4/15 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/4/16 | 30/4/15 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/4/16 | 30/4/15 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30/4/16 | 30/4/15 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Other creditors |
| Gardwell Coatings Ltd (Registered number: 00896408) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30th April 2016 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 30/4/16 | 30/4/15 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Preference shares |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 325,350 | 338,939 |