Timpson ArkHive Limited - Limited company accounts 16.3
Timpson ArkHive Limited - Limited company accounts 16.3
| REGISTERED NUMBER: |
| TIMPSON ARKHIVE LIMITED |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 2 OCTOBER 2016 TO 30 SEPTEMBER 2017 |
| TIMPSON ARKHIVE LIMITED (REGISTERED NUMBER: 08841681) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 2 OCTOBER 2016 TO 30 SEPTEMBER 2017 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| TIMPSON ARKHIVE LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 2 OCTOBER 2016 TO 30 SEPTEMBER 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| TIMPSON ARKHIVE LIMITED (REGISTERED NUMBER: 08841681) |
| REPORT OF THE DIRECTORS |
| FOR THE PERIOD 2 OCTOBER 2016 TO 30 SEPTEMBER 2017 |
| The directors present their report with the financial statements of the company for the period 2 October 2016 to 30 September 2017. |
| Timpson ArkHive Limited commenced trading on 9 November 2015. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 2 October 2016 to the date of this |
| report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| TIMPSON ARKHIVE LIMITED (REGISTERED NUMBER: 08841681) |
| INCOME STATEMENT |
| FOR THE PERIOD 2 OCTOBER 2016 TO 30 SEPTEMBER 2017 |
| Period | Period |
| 2.10.16 | 27.9.15 |
| to | to |
| 30.9.17 | 1.10.16 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS LOSS | ( |
) | ( |
) |
| Administrative expenses | ( |
) |
| OPERATING PROFIT/(LOSS) and |
| PROFIT/(LOSS) BEFORE TAXATION | 3 | ( |
) |
| Tax on profit/(loss) | 5 |
| PROFIT/(LOSS) FOR THE FINANCIAL PERIOD |
( |
) |
| TIMPSON ARKHIVE LIMITED (REGISTERED NUMBER: 08841681) |
| BALANCE SHEET |
| 30 SEPTEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 6 |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the Board of Directors on |
| TIMPSON ARKHIVE LIMITED (REGISTERED NUMBER: 08841681) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 2 OCTOBER 2016 TO 30 SEPTEMBER 2017 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 3. | OPERATING PROFIT/(LOSS) |
| The operating profit (2016 - operating loss) is stated after charging: |
| Period | Period |
| 2.10.16 | 27.9.15 |
| to | to |
| 30.9.17 | 1.10.16 |
| £ | £ |
| Depreciation - owned assets |
| Patents and licences amortisation |
| TIMPSON ARKHIVE LIMITED (REGISTERED NUMBER: 08841681) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 2 OCTOBER 2016 TO 30 SEPTEMBER 2017 |
| 4. | EXCEPTIONAL ITEMS |
| Period | Period |
| 2.10.16 | 27.9.15 |
| to | to |
| 30.9.17 | 1.10.16 |
| £ | £ |
| Exceptional items | 299,509 | - |
| During the year the company wrote back inter-group loans totalling £299,509 (2016: £0). |
| 5. | TAXATION |
| Analysis of the tax charge |
| No liability to UK corporation tax arose for the period ended 30 September 2017 nor for the period ended |
| 1 October 2016. |
| 6. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 2 October 2016 |
| and 30 September 2017 |
| AMORTISATION |
| At 2 October 2016 |
| Charge for period |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 1 October 2016 |
| TIMPSON ARKHIVE LIMITED (REGISTERED NUMBER: 08841681) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 2 OCTOBER 2016 TO 30 SEPTEMBER 2017 |
| 7. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 2 October 2016 |
| Disposals | ( |
) | ( |
) | ( |
) |
| Transfer to ownership | (5,930 | ) | (6,057 | ) | (12,826 | ) | (24,813 | ) |
| At 30 September 2017 |
| DEPRECIATION |
| At 2 October 2016 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| Transfer to ownership | (581 | ) | (937 | ) | (2,614 | ) | (4,132 | ) |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 1 October 2016 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |