Slades Countrywise Honiton Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 02818766 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2017

for

Slades Countrywise Honiton Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Scott-Allen

Mrs S L Scott-Allen

SECRETARY:

Mrs S L Scott-Allen

REGISTERED OFFICE:

Units 3 & 4

Gloucester Cresent

Heathpark Industrial Estate

Honiton

Devon

EX14 1DB

REGISTERED NUMBER:

02818766 (England and Wales)

ACCOUNTANTS:

R G Holder & Co Ltd

Chartered Accountants

Whetcombe Whey

Ropers Lane

Wrington

Somerset

BS40 5NH

BANKERS:

Santander

Bootle

Merseyside

GIR 0AA

FIXED ASSETS

Tangible assets

4

802

4,018

CURRENT ASSETS

Stocks

32,381

31,697

Debtors

6,843

6,385

Cash at bank

46,256

52,234

85,480

90,316

CREDITORS

Amounts falling due within one year

72,304

91,145

NET CURRENT ASSETS/(LIABILITIES)

13,176

(829

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,978

3,189

PROVISIONS FOR LIABILITIES

152

804

NET ASSETS

13,826

2,385

CAPITAL AND RESERVES

Called up share capital

80

80

Retained earnings

13,746

2,305

SHAREHOLDERS' FUNDS

13,826

2,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th August 2017 and were signed on its behalf by:

P J Scott-Allen - Director

1.	STATUTORY INFORMATION

Slades Countrywise Honiton Ltd 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 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.

The following accounting policies have been consistently applied in dealing with the items which are considered

material to the company's accounts.

Turnover

Turnover consists of the invoiced value, excluding VAT, for goods and services supplied to third parties in the

ordinary course of business during the year.

Tangible fixed assets and depreciation

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

Plant and machinery etc

-

25% on a straight line basis

Stocks

Stock is stated at the lower of cost and net realisable value in the ordinary course of business.

Taxation

The charge for taxation is based on the trading profit for the year and takes into account deferred taxation.

Full provision is made for deferred tax liabilities arising from timing differences between the recognition of gains

and losses in the accounts and their recognition for corporate tax purposes. No account is taken for any deferred

tax assets where they arise.

Lease contracts

Leases are accounted for as operating leases and the rental costs are charged to the profit and loss account on a

straight line basis over the period of the lease.

Pension costs

The company makes contributions to a defined contribution pension scheme. Contributions payable to the

pension scheme are charged to the profit and loss account in the year to which they relate. The assets of the

scheme are invested and managed independently of the finances of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2016

and 30th June 2017

18,242

DEPRECIATION

At 1st July 2016

14,224

Charge for year

3,216

At 30th June 2017

17,440

NET BOOK VALUE

At 30th June 2017

802

At 30th June 2016

4,018

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by P J Scott-Allen and Mrs S L Scott-Allen by virtue of their 100% shareholding.