Edgemoor (Helmsley) Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05240653

Financial Statements for the Year Ended 30 November 2016

for

Edgemoor (Helmsley) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

9

DIRECTORS:

G E Skinner

Mrs M A Skinner

SECRETARY:

G E Skinner

REGISTERED OFFICE:

Station Road

Helmsley

North Yorkshire

YO62 5BZ

REGISTERED NUMBER:

05240653

ACCOUNTANTS:

Eura Audit UK Ripon

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1SN

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

173,625

174,316

173,625

174,316

CURRENT ASSETS

Stocks

5

21,162

28,250

Debtors

6

51,159

38,714

Cash at bank and in hand

4,804

8

77,125

66,972

CREDITORS

Amounts falling due within one year

7

135,166

161,812

NET CURRENT LIABILITIES

(58,041

)

(94,840

)

TOTAL ASSETS LESS CURRENT LIABILITIES

115,584

79,476

CREDITORS

Amounts falling due after more than one year

8

(4,067

)

(3,666

)

PROVISIONS FOR LIABILITIES

(9,193

)

(7,951

)

NET ASSETS

102,324

67,859

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Revaluation reserve

10

32,550

32,550

Retained earnings

65,774

31,309

SHAREHOLDERS' FUNDS

102,324

67,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 11 July 2017 and were signed on its behalf by:

G E Skinner - Director

1.	STATUTORY INFORMATION

Edgemoor (Helmsley) Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold Property

-

2% on revalued cost

Improvements to Property

-

10% on cost

Plant and Machinery

-

15% on reducing balance

Fixtures and Fittings

-

15% on reducing balance

Motor Vehicles

-

25% on reducing balance

Computer Equipment

-

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.

Deferred tax

Deferred tax is provided on the liability method to take account of timing differences between the treatment of

certain items for accounting purposes and their treatment for tax purposes. Tax deferred is accounted for in

respect of all material timing differences.

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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2015

and 30 November 2016

70,000

AMORTISATION

At 1 December 2015

and 30 November 2016

70,000

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

-

Goodwill acquired in 2004 arose on the purchase of the trade and assets of Edgemoor Veterinary Practice.

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Property

Property

Machinery

£

£

£

COST OR VALUATION

At 1 December 2015

152,550

32,302

67,238

Additions

-

-

12,200

At 30 November 2016

152,550

32,302

79,438

DEPRECIATION

At 1 December 2015

28,475

25,251

43,848

Charge for year

3,050

3,230

5,338

At 30 November 2016

31,525

28,481

49,186

NET BOOK VALUE

At 30 November 2016

121,025

3,821

30,252

At 30 November 2015

124,075

7,051

23,390

Fixtures

and

Motor

Computer

Fittings

Vehicles

Equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 December 2015

35,654

6,500

27,802

322,046

Additions

-

-

2,979

15,179

At 30 November 2016

35,654

6,500

30,781

337,225

DEPRECIATION

At 1 December 2015

29,027

4,958

16,171

147,730

Charge for year

994

386

2,872

15,870

At 30 November 2016

30,021

5,344

19,043

163,600

NET BOOK VALUE

At 30 November 2016

5,633

1,156

11,738

173,625

At 30 November 2015

6,627

1,542

11,631

174,316

Cost or valuation at 30 November 2016 is represented by:

Improvements

Freehold

to

Plant and

Property

Property

Machinery

£

£

£

Valuation in 2013

32,550

-

-

Cost

120,000

32,302

79,438

152,550

32,302

79,438

Fixtures

and

Motor

Computer

Fittings

Vehicles

Equipment

Totals

£

£

£

£

Valuation in 2013

-

-

-

32,550

Cost

35,654

6,500

30,781

304,675

35,654

6,500

30,781

337,225

If freehold property had not been revalued it would have been included at the following historical cost:

2016

2015

£

£

Cost

120,000

120,000

Aggregate depreciation

28,800

26,400

Freehold property was valued on an open market basis basis on 1 January 2013 by the directors. .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Machinery

£

COST OR VALUATION

At 1 December 2015

19,995

Additions

12,200

At 30 November 2016

32,195

DEPRECIATION

At 1 December 2015

9,557

Charge for year

3,396

At 30 November 2016

12,953

NET BOOK VALUE

At 30 November 2016

19,242

At 30 November 2015

10,438

5.

STOCKS

2016

2015

£

£

Stocks

21,162

28,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade Debtors

38,965

31,716

Prepayments and Accrued Income

12,194

6,998

51,159

38,714

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

1,533

17,952

Hire purchase contracts

7,732

3,999

Trade Creditors

31,626

29,081

Taxation

11,489

9,702

Other Taxes and PAYE

17,756

11,110

Directors' current accounts

59,279

85,828

Accruals and Deferred Income

5,751

4,140

135,166

161,812

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

4,067

3,666

9.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank overdrafts

1,533

17,952

HSBC Bank plc hold a debenture including a fixed equitable charge over all of the company's property and fixed

& floating charge over all of the company's assets. The Bank also hold a first legal charge over the property

known as 4 Howe End, Kirkbymoorside.

10.

RESERVES

Revaluation

reserve

£

At 1 December 2015

and 30 November 2016

32,550

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company occupies a property in Station Road, Helmsley which is jointly owned by the Directors, G E & Mrs

M A Skinner.

During the year rent of £27,000 (2015:£27,000) was paid for the use of this property.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the directors .

13.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2016 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Eura Audit UK Ripon

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1SN

Date: .............................................