Trade Price Conservatories (UK) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05173850 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

TRADE PRICE CONSERVATORIES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K W Muspratt

REGISTERED OFFICE:

81 Upton Way

Broadstone

Poole

Dorset

BH18 9LX

REGISTERED NUMBER:

05173850 (England and Wales)

ACCOUNTANTS:

Cook & Partners Limited

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

4

9,113

1,546

CURRENT ASSETS

Stocks

335,504

331,220

Debtors

5

357,500

22,050

Cash at bank

314,976

126,641

1,007,980

479,911

CREDITORS

Amounts falling due within one year

6

975,452

445,398

NET CURRENT ASSETS

32,528

34,513

TOTAL ASSETS LESS CURRENT LIABILITIES

41,641

36,059

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

41,541

35,959

SHAREHOLDERS' FUNDS

41,641

36,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 by the director on 7th September 2017 and were signed by:

K W Muspratt - Director

1.	STATUTORY INFORMATION

Trade Price Conservatories (UK) 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

Accounting convention

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.

These financial statements for the year ended 31 December 2016 are the first financial statements that comply

with FRS 102 Section 1A. The date of transition is 01 January 2016 . The transition to FRS 102 Section 1A

small entities has resulted in different accounting policies to those used previously. There is no material impact

on opening equity and profit for the comparative period

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult

economic times to continue to trade as a going concern. The directors have not identified any material

uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets

and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 December

2016 have been prepared using the going concern basis of accounting.

Revenue

Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus

the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is

recognised on the provision of services once completed.

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

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

First year adoption

The company adopted FRS 102 from 01/01/2016 onwards.

There are no material impacts of this change in the comparative figures.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2016

8,468

32,398

11,995

25,436

78,297

Additions

-

642

-

9,566

10,208

At 31st December 2016

8,468

33,040

11,995

35,002

88,505

DEPRECIATION

At 1st January 2016

8,468

30,852

11,995

25,436

76,751

Charge for year

-

848

-

1,793

2,641

At 31st December 2016

8,468

31,700

11,995

27,229

79,392

NET BOOK VALUE

At 31st December 2016

-

1,340

-

7,773

9,113

At 31st December 2015

-

1,546

-

-

1,546

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

1,050

Other debtors

357,500

21,000

357,500

22,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

39,687

5,160

VAT

14,061

4,695

Other creditors

1,100

-

Directors' current accounts

905,604

420,543

Accrued expenses

15,000

15,000

975,452

445,398