| Stapleburn Limited |
| Registered number: |
04250270 |
| Balance Sheet |
| as at 31 July 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
815,147 |
|
|
819,651 |
|
| Current assets |
| Debtors |
3 |
|
13,053 |
|
|
18,999 |
| Cash at bank and in hand |
|
|
2,568 |
|
|
3,939 |
|
|
|
15,621 |
|
|
22,938 |
|
| Creditors: amounts falling due within one year |
4 |
|
(260,969) |
|
|
(239,408) |
|
| Net current liabilities |
|
|
|
(245,348) |
|
|
(216,470) |
|
| Total assets less current liabilities |
|
|
|
569,799 |
|
|
603,181 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(72,000) |
|
|
(96,000) |
|
|
|
| Net assets |
|
|
|
497,799 |
|
|
507,181 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
497,699 |
|
|
507,081 |
|
| Shareholders' funds |
|
|
|
497,799 |
|
|
507,181 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr M Ganatra |
| Director |
| Approved by the board on 14 April 2018 |
|
| Stapleburn Limited |
| Notes to the Accounts |
| for the year ended 31 July 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
15% on reduced balance |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 August 2016 |
789,625 |
|
48,892 |
|
838,517 |
|
At 31 July 2017 |
789,625 |
|
48,892 |
|
838,517 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2016 |
- |
|
18,866 |
|
18,866 |
|
Charge for the year |
- |
|
4,504 |
|
4,504 |
|
At 31 July 2017 |
- |
|
23,370 |
|
23,370 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2017 |
789,625 |
|
25,522 |
|
815,147 |
|
At 31 July 2016 |
789,625 |
|
30,026 |
|
819,651 |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
9,616 |
|
17,743 |
|
Other debtors |
3,437 |
|
1,256 |
|
|
|
|
|
|
13,053 |
|
18,999 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans and overdrafts |
33,293 |
|
26,907 |
|
Taxation and social security costs |
4,069 |
|
20,710 |
|
Other creditors |
223,607 |
|
191,791 |
|
|
|
|
|
|
260,969 |
|
239,408 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans |
72,000 |
|
96,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Reedemable Loan Notes |
|
|
Other Creditors include loan notes of £138,000. The loan notes were issued on 11 April 2002 at par and bear interest at a rate of 4% per annum. No provision has been made for interest in these accounts.
|
|
|
| 7 |
Related Party Disclosures |
|
|
Mr M V Ganatra and Mr C V Ganatra are directors of the company. At the balance sheet date the company owed them £10,000. A further £10,000 was oewd to Braycote Ltd, a company in which Mr Ganatra is a Director. |
|
|
| 8 |
Other information |
|
|
Stapleburn Limited is a private company limited by shares and incorporated in England. Its registered office is 461 - 463 Uxbridge Road, Pinner, Middlesex, HA5 4JS |
