Whitakers Signs & Design Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02943118 (England and Wales)

WHITAKERS SIGNS & DESIGN LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A D Whitaker

SECRETARY:

L M Whitaker

REGISTERED OFFICE:

Unit 8

Claylands Avenue

Dukeries Industrial Estate

Worksop

Nottinghmashire

S81 7DJ

REGISTERED NUMBER:

02943118 (England and Wales)

FIXED ASSETS

Tangible assets

4

8,608

7,691

CURRENT ASSETS

Stocks

32,845

42,750

Debtors

5

38,645

21,924

Cash at bank

1,997

2,364

73,487

67,038

CREDITORS

Amounts falling due within one year

6

50,704

36,026

NET CURRENT ASSETS

22,783

31,012

TOTAL ASSETS LESS CURRENT LIABILITIES

31,391

38,703

PROVISIONS FOR LIABILITIES

-

1,142

NET ASSETS

31,391

37,561

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

31,389

37,559

SHAREHOLDERS' FUNDS

31,391

37,561

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 his 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 23 January 2018 and were signed by:

A D Whitaker - Director

1.	STATUTORY INFORMATION

Whitakers Signs & Design 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 etc

-

25% on reducing balance and 15% 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

60,172

Additions

4,100

Disposals

(18,129

)

At 30 June 2017

46,143

DEPRECIATION

At 1 July 2016

52,481

Charge for year

2,497

Eliminated on disposal

(17,443

)

At 30 June 2017

37,535

NET BOOK VALUE

At 30 June 2017

8,608

At 30 June 2016

7,691

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

38,535

21,725

Other debtors

110

199

38,645

21,924

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

10,815

4,122

Taxation and social security

8,907

5,630

Other creditors

30,982

26,274

50,704

36,026