Clark & Weir Limited - Accounts to registrar (filleted) - small 17.3
Clark & Weir Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 September 2017 |
| for |
| Clark & Weir Limited |
| Clark & Weir Limited (Registered number: SC255574) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Clark & Weir Limited |
| Company Information |
| for the Year Ended 30 September 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 47-49 The Square |
| Kelso |
| Roxburghshire |
| TD5 7HW |
| Clark & Weir Limited (Registered number: SC255574) |
| Statement of Financial Position |
| 30 September 2017 |
| 30/9/17 | 30/9/16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Clark & Weir Limited (Registered number: SC255574) |
| Statement of Financial Position - continued |
| 30 September 2017 |
| 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: |
| Clark & Weir Limited (Registered number: SC255574) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2017 |
| 1. | STATUTORY INFORMATION |
| Clark & Weir Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue 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 |
| Plant and machinery | - |
| Computer equipment | - |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Improvements |
| to | Plant and | Computer |
| property | machinery | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 October 2016 |
| Additions |
| At 30 September 2017 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for year |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| 5. | INVENTORIES |
| 30/9/17 | 30/9/16 |
| £ | £ |
| Stocks |
| Clark & Weir Limited (Registered number: SC255574) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/9/17 | 30/9/16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/9/17 | 30/9/16 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts | 60,620 | 39,212 |
| Accruals and deferred income |
| 8. | CALLED UP SHARE CAPITAL |
| On 1 February 2017 the 5,000 issued ordinary shares of £1 each were re-designated into new classes as follows: |
| - 2,750 Ordinary £1 shares are re-designated as 2,750 Ordinary A £1 shares |
| - 1,750 Ordinary £1 shares are re-designated as 1,750 Ordinary B £1 shares |
| - 250 Ordinary £1 shares are re-designated as 250 Ordinary C £1 shares |
| - 250 Ordinary £1 shares are re-designated as 250 Ordinary D £1 shares |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2017 and |
| 30 September 2016: |
| 30/9/17 | 30/9/16 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| The company owed director R Weir £60,620 at 30th September 2017. This is an interest free loan. |
| 10. | FIRST YEAR ADOPTION |
| The policies applied under the company's previous accounting framework are not materially different to FRS 102 |
| and have not impacted on equity or profit. |