Titterton Cheese Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04576766

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

TITTERTON CHEESE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms S M Warburton

REGISTERED OFFICE:

4 Buckley Close

Bramshall

Uttoxeter

Staffordshire

ST14 5NN

REGISTERED NUMBER:

04576766

ACCOUNTANTS:

Wynniatt-Husey Limited (Uttoxeter Branch)

The Old Bakehouse

Dove Walk

Uttoxeter

Staffordshire

ST14 8EH

FIXED ASSETS

111

Tangible assets

4

270

CURRENT ASSETS

850

Stocks

5

700

651

Debtors

6

778

5,695

Cash at bank and in hand

19,450

7,196

20,928

CREDITORS

(7,219

)

Amounts falling due within one year

7

(17,081

)

(23

)

NET CURRENT ASSETS/(LIABILITIES)

3,847

88

TOTAL ASSETS LESS CURRENT LIABILITIES

4,117

CAPITAL AND RESERVES

2

Called up share capital

2

86

Retained earnings

4,115

88

SHAREHOLDERS' FUNDS

4,117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 12 January 2018 and were signed by:

Ms S M Warburton - Director

1.	STATUTORY INFORMATION

Titterton Cheese Limited is a private company, limited by shares , registered in Not specified/Other. 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

-

10% on cost

Fixtures and fittings

-

20% on cost

Office equipment

-

33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

Totals

machinery

fittings

equipment

£

£

£

£

COST

At 1 November 2016

8,498

6,356

-

2,142

Additions

220

-

220

-

Disposals

(8,332

)

(6,356

)

-

(1,976

)

At 31 October 2017

386

-

220

166

DEPRECIATION

At 1 November 2016

8,387

6,356

-

2,031

Charge for year

61

-

7

54

Eliminated on disposal

(8,332

)

(6,356

)

-

(1,976

)

At 31 October 2017

116

-

7

109

NET BOOK VALUE

At 31 October 2017

270

-

213

57

At 31 October 2016

111

-

-

111

5.

STOCKS

31.10.17

31.10.16

£

£

Stocks

700

850

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

VAT

646

490

Prepayments

132

161

778

651

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

150

1,489

Tax

2,725

3,121

Social security and other taxes

11

13

Directors' current accounts

13,545

1,946

Accrued expenses

650

650

17,081

7,219