Defford Road Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09001566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

DEFFORD ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss N Harrison

Ms V A Poole

REGISTERED OFFICE:

Unit 8 Penedeford Place

Pendeford Business Park

Wolverhampton

West Midlands

WV9 5HD

REGISTERED NUMBER:

09001566 (England and Wales)

ACCOUNTANTS:

Copia Wealth & Tax Limited

Chartered Accountants

8 Pendeford Place

Pendeford Business Park

Wobaston Road

Wolverhampton

WV9 5HD

CURRENT ASSETS

Stocks

3

71,031

42,150

Cash at bank

57

1,179

71,088

43,329

CREDITORS

Amounts falling due within one year

4

73,307

44,846

NET CURRENT LIABILITIES

(2,219

)

(1,517

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,219

)

(1,517

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

6

(2,221

)

(1,519

)

SHAREHOLDERS' FUNDS

(2,219

)

(1,517

)

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

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

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 5 January 2018 and were signed on its behalf by:

Miss N Harrison - Director

1.	STATUTORY INFORMATION

Defford Road 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

STOCKS

2017

2016

£

£

Work-in-progress

71,031

42,150

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

600

-

Directors' current accounts

50,884

22,342

Accrued expenses

21,823

22,504

73,307

44,846

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

6.

RESERVES

Retained

earnings

£

At 1 May 2016

(1,519

)

Deficit for the year

(702

)

At 30 April 2017

(2,221

)

7.	FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements under Financial Reporting Standard

102 (FRS 102) issued by the Financial Reporting Council. The last financial statements, for the year ended 30

April 2016, were prepared under previous UK GAAP.The transition date to FRS 102 is therefore 1 May 2015.

In the transition to FRS 102 from old UK GAAP, the company has made no measurement and recognition

adjustments.