Wisborough (Tenterden) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03399935 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

WISBOROUGH (TENTERDEN) LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E A Entwistle

J A Entwistle

Mrs P Entwistle

J M Grigg

REGISTERED OFFICE:

19 North Street

Ashford

Kent

TN24 8LF

REGISTERED NUMBER:

03399935 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews

Chartered Accountants

19 North Street

Ashford

Kent

TN24 8LF

FIXED ASSETS

Tangible assets

4

42,520

53,154

CURRENT ASSETS

Stocks

650

1,300

Debtors

5

(11,097

)

194

Cash at bank and in hand

20,211

19,804

9,764

21,298

CREDITORS

Amounts falling due within one year

6

33,149

62,374

NET CURRENT LIABILITIES

(23,385

)

(41,076

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,135

12,078

CREDITORS

Amounts falling due after more than one year

7

1,830

-

NET ASSETS

17,305

12,078

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

17,205

11,978

SHAREHOLDERS' FUNDS

17,305

12,078

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 9 March 2018 and were signed on its behalf by:

J A Entwistle - Director

1.	STATUTORY INFORMATION

Wisborough (Tenterden) Ltd 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

-

20% on cost

Fixtures and fittings

-

10% 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 statement of financial position date.

Deferred tax

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

statement of financial position 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2016

96,314

93,990

2,218

192,522

Additions

1,227

274

-

1,501

At 30 September 2017

97,541

94,264

2,218

194,023

DEPRECIATION

At 1 October 2016

91,221

46,395

1,752

139,368

Charge for year

2,553

9,426

156

12,135

At 30 September 2017

93,774

55,821

1,908

151,503

NET BOOK VALUE

At 30 September 2017

3,767

38,443

310

42,520

At 30 September 2016

5,093

47,595

466

53,154

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Other debtors

(11,097

)

194

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

6,500

6,500

Amounts owed to group undertakings

2,640

2,640

Taxation and social security

18,230

13,504

Other creditors

5,779

39,730

33,149

62,374

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Other creditors

1,830

-

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

100

Share capital 1

£100

100

100

9.

RESERVES

Retained

earnings

£

At 1 October 2016

11,978

Profit for the year

5,227

At 30 September 2017

17,205

10.	RELATED PARTY DISCLOSURES

JLMR Ltd

A company in which Mr and Mrs Entwistle are shareholders

Loans.

30.9.17

30.9.16

£

£

Amount due to related party at the balance sheet date

2,640

2,640

11.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective from 1st January) as at

1st October 2016.