HILLS OF LYMINGTON LIMITED Micro-entity accounts

HILLS OF LYMINGTON LIMITED Micro-entity accounts

HILLS OF LYMINGTON LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06937287
HILLS OF LYMINGTON LIMITED
Unaudited Financial Statements
30 June 2017
HILLS OF LYMINGTON LIMITED
Financial Statements
Year ended 30 June 2017
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
The following pages do not form part of the financial statements
Detailed income statement
4
Notes to the detailed income statement
5
HILLS OF LYMINGTON LIMITED
Income Statement
Year ended 30 June 2017
2017
2016
£
£
Turnover
4,032,742
2,473,801
Cost of raw materials and consumables
3,945,031
2,603,650
Staff costs
78,591
33,629
Depreciation and other amounts written off assets
1,059
913
Other charges
226,258
(222,091)
Tax
-
11,604
------------
------------
(Loss)/profit
( 218,197)
46,096
------------
------------
HILLS OF LYMINGTON LIMITED
Statement of Financial Position
30 June 2017
2017
2016
£
£
£
Fixed assets
6,452
6,054
-------
-------
Current assets
877,437
766,580
Creditors: amounts falling due within one year
254,688
181,597
---------
---------
Net current assets
622,749
584,983
---------
---------
Total assets less current liabilities
629,201
591,037
Creditors: amounts falling due after more than one year
764,823
508,712
Accruals and deferred income
250
-
---------
---------
(135,872)
82,325
---------
---------
Capital and reserves
( 135,872)
82,325
---------
--------
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 30 April 2018 , and are signed on behalf of the board by:
Mr Hill
Director
Company registration number: 06937287
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 44 Milford Road, Lymington, SO41 8DU.
HILLS OF LYMINGTON LIMITED
Management Information
Year ended 30 June 2017
The following page does not form part of the financial statements.
HILLS OF LYMINGTON LIMITED
Detailed Income Statement
Year ended 30 June 2017
2017
2016
£
£
Turnover
4,032,742
2,473,801
Cost of raw materials and consumables
Purchases
-
7,561
Purchases - type 2
34,123
41,837
Purchases - type 3
8,174
-
Purchases - type 4
27,245
-
Purchases - type 7
11,668
-
Purchases - type 9
3,863,821
2,554,252
------------
------------
3,945,031
2,603,650
------------
------------
Staff costs
78,591
33,629
Depreciation and other amounts written off assets
1,059
913
Other charges
226,258
(222,091)
---------
---------
(218,197)
57,700
---------
---------
HILLS OF LYMINGTON LIMITED
Notes to the Detailed Income Statement
Year ended 30 June 2017
2017
2016
£
£
Staff costs
Wages and salaries
31,311
4,459
Staff national insurance contributions
1,680
1,570
Directors salaries
45,600
27,600
--------
--------
78,591
33,629
--------
--------
Depreciation and other amounts written off assets
Depreciation of tangible assets
1,059
913
-------
----
Other charges
Opening stock - resale
725,000
225,000
Closing stock - resale - type 7
(875,000)
(725,000)
Direct costs
154,520
45,322
Other distribution costs
-
350
Commissions paid
13,086
29,050
Advertising
41,844
36,902
Rent rates and water
55,177
65,658
Light and heat
6,169
6,729
Insurance
12,003
16,805
Repairs and maintenance (allowable)
9,840
7,464
Cleaning costs
1,690
560
Other establishment expenses
1,056
3,835
Motor expenses
627
21
Travel and subsistence
3,861
3,813
Telephone
5,310
8,500
Printing
769
305
Printing postage and stationery
201
110
Staff training
475
-
Staff welfare
874
1,023
Charitable donations (allowable)
460
610
General expenses (allowable)
12,014
10,657
General expenses (allowable) - type 3
410
-
Entertaining
154
548
Bad debts written off
-
2,500
Bank charges
5,648
5,389
Legal and professional fees (allowable)
525
4,033
Other professional fees
3,487
-
Accountancy fees
20,470
16,917
Interest on bank loans and overdrafts
6,687
2,571
Other interest payable and similar charges
18,901
8,237
---------
---------
226,258
(222,091)
---------
---------