G D Evans Interiors Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06545063 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

G D EVANS INTERIORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G D Evans

SECRETARY:

J Evans

REGISTERED OFFICE:

19 Brooklyn Drive

Emmer Green

Reading

Berkshire

RG4 8SR

REGISTERED NUMBER:

06545063 (England and Wales)

ACCOUNTANTS:

Julian Ansell Limited

Equity House

4-6 School Road

Tilehurst

Reading

Berkshire

RG31 5AL

FIXED ASSETS

Tangible assets

4

5,548

7,165

CURRENT ASSETS

Stocks

900

1,000

Cash at bank and in hand

73,605

66,898

74,505

67,898

CREDITORS

Amounts falling due within one year

5

(30,960

)

(42,735

)

NET CURRENT ASSETS

43,545

25,163

TOTAL ASSETS LESS CURRENT LIABILITIES

49,093

32,328

PROVISIONS FOR LIABILITIES

6

(1,126

)

(1,433

)

NET ASSETS

47,967

30,895

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

47,966

30,894

SHAREHOLDERS' FUNDS

47,967

30,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 3 November 2017 and were signed by:

G D Evans - Director

1.	STATUTORY INFORMATION

G D Evans Interiors 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 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.

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

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 reducing balance

Motor vehicles

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2016

4,151

16,556

20,707

Additions

233

-

233

At 31 March 2017

4,384

16,556

20,940

DEPRECIATION

At 1 April 2016

2,716

10,826

13,542

Charge for year

417

1,433

1,850

At 31 March 2017

3,133

12,259

15,392

NET BOOK VALUE

At 31 March 2017

1,251

4,297

5,548

At 31 March 2016

1,435

5,730

7,165

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

1,289

7,317

Tax

12,300

9,435

Social security and other taxes

-

305

VAT

4,454

7,806

Other creditors

-

1,042

Advance received from customer

9,435

14,696

CIS

1,306

842

Directors' current accounts

1,426

52

Accrued expenses

750

1,240

30,960

42,735

6.	PROVISIONS FOR LIABILITIES

31.3.17

31.3.16

£

£

Deferred tax

1,126

1,433

Deferred

tax

£

Balance at 1 April 2016

1,433

Utilised during year

(307

)

Balance at 31 March 2017

1,126

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 April 2016

30,894

Profit for the year

47,072

Dividends

(30,000

)

At 31 March 2017

47,966

9.	RELATED PARTY DISCLOSURES

During the year, Dividend of £30,000 (PY - £38,200) declared to Mr G D Evans, a director of the company.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr Gary David Evans who owns 100% of the issued share capital. Mr Gary

David Evans is also the director of the company.