Eden Homes (Wales) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05729500

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Eden Homes (Wales) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A S Salisbury

SECRETARY:

Mrs L M Salisbury

REGISTERED OFFICE:

13 Wynnstay Road

Colwyn Bay

LL29 8NB

REGISTERED NUMBER:

05729500

ACCOUNTANTS:

T.A. Gittins & Company

28 Salop Road

Oswestry

SHROPSHIRE

SY11 2NZ

FIXED ASSETS

Tangible assets

4

1,647

1,863

CURRENT ASSETS

Stocks

170,537

542,362

Debtors

5,781

2,718

Cash at bank

226,897

23,588

403,215

568,668

CREDITORS

Amounts falling due within one year

257,811

515,438

NET CURRENT ASSETS

145,404

53,230

TOTAL ASSETS LESS CURRENT LIABILITIES

147,051

55,093

PROVISIONS FOR LIABILITIES

5

260

287

NET ASSETS

146,791

54,806

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

146,790

54,805

SHAREHOLDERS' FUNDS

146,791

54,806

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 March 2018 and were signed by:

A S Salisbury - Director

1.	STATUTORY INFORMATION

Eden Homes (Wales) 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 represents gross invoiced sales, including value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

9,693

Additions

120

At 30 June 2017

9,813

DEPRECIATION

At 1 July 2016

7,830

Charge for year

336

At 30 June 2017

8,166

NET BOOK VALUE

At 30 June 2017

1,647

At 30 June 2016

1,863

5.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

260

287

Deferred

tax

£

Balance at 1 July 2016

287

Movement in year

(27

)

Balance at 30 June 2017

260

6.	ULTIMATE CONTROLLING PARTY

The Director is the only shareholder and as such is the ultimate controlling party.