High Mill Antiques Limited - Accounts to registrar - small 17.2
High Mill Antiques Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
High Mill Antiques Limited |
Financial Statements |
for the Year Ended 28 February 2017 |
High Mill Antiques Limited (Registered number: 09219105) |
Contents of the Financial Statements |
for the year ended 28 February 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
High Mill Antiques Limited |
Company Information |
for the year ended 28 February 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
33 George Street |
Wakefield |
West Yorkshire |
WF1 1LX |
High Mill Antiques Limited (Registered number: 09219105) |
Balance Sheet |
28 February 2017 |
2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
High Mill Antiques Limited (Registered number: 09219105) |
Balance Sheet - continued |
28 February 2017 |
2017 | 2016 |
Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
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. |
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 by: |
High Mill Antiques Limited (Registered number: 09219105) |
Notes to the Financial Statements |
for the year ended 28 February 2017 |
1. | STATUTORY INFORMATION |
High Mill Antiques Limited is a |
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 |
This is the first year in which the financial statements have been prepared under FRS 102. No adjustments were |
required as a result of transition. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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. |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Tax |
High Mill Antiques Limited (Registered number: 09219105) |
Notes to the Financial Statements - continued |
for the year ended 28 February 2017 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed to participating interests | 58,877 | - |
Tax |
Directors' current accounts | - | 29,253 |
Accruals and deferred income |
5. | RELATED PARTY DISCLOSURES |
At the year end £58,877 was due to C & H Antiques Limited, a company owned by Mr William and Mrs Fiona |
Cundall. The loan was interest free and repayable on demand. |