New Zealand Arms Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07872166 (England and Wales)

New Zealand Arms Limited

Financial Statements

For The Year Ended 30 June 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Miss R Matthews

REGISTERED OFFICE:

2 Langley Street

Derby

DE22 3GL

REGISTERED NUMBER:

07872166 (England and Wales)

ACCOUNTANTS:

Cedar + Co.

Chartered Certified Accountants

The Greenhouse

106-108 Ashbourne Road

Derby

DE22 3AG

FIXED ASSETS

Tangible assets

4

-

1,207

CURRENT ASSETS

Stocks

-

4,788

Debtors

5

-

535

Investments

6

-

9,850

Cash at bank and in hand

-

11,738

-

26,911

CREDITORS

Amounts falling due within one year

7

77,725

98,991

NET CURRENT LIABILITIES

(77,725

)

(72,080

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(77,725

)

(70,873

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(77,825

)

(70,973

)

SHAREHOLDERS' FUNDS

(77,725

)

(70,873

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 10 January 2018 and were signed by:

Miss R Matthews - Director

1.	STATUTORY INFORMATION

New Zealand Arms 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

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.

Deferred tax

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

the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

3,166

DEPRECIATION

At 1 July 2016

1,959

Charge for year

1,207

At 30 June 2017

3,166

NET BOOK VALUE

At 30 June 2017

-

At 30 June 2016

1,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

-

535

6.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Short term deposit

-

9,850

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

14,930

Taxation and social security

-

13,858

Other creditors

77,725

70,203

77,725

98,991

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2017 and

30 June 2016:

2017

2016

£

£

Miss R Matthews

Balance outstanding at start of year

(53,099

)

(33,298

)

Amounts advanced

11,046

775

Amounts repaid

(816

)

(20,576

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(42,869

)

(53,099

)

9.	RELATED PARTY DISCLOSURES

Included in other creditors is an Interest Free Short Period Loan from Dancing Duck Beer Limited of

£34,856 (2016: £17,104), a company in which R Matthews is a director.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of R Matthews.