Conroyds Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07362093 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Conroyds Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss A M B Bundy

Mr S W Bundy

SECRETARY:

Mr S W Bundy

REGISTERED OFFICE:

160 Wrenthorpe Road

Wrenthorpe

Wakefield

West Yorkshire

WF2 0HR

REGISTERED NUMBER:

07362093 (England and Wales)

ACCOUNTANTS:

D & BJ Services Limited

6 Tintagel Way

New Waltham

Grimsby

N E Lincolnshire

DN36 4GT

FIXED ASSETS

Intangible assets

4

37,700

40,600

Tangible assets

5

1,857

4,062

39,557

44,662

CURRENT ASSETS

Stocks

135

150

Debtors

6

22

21

Cash at bank and in hand

1,627

1,680

1,784

1,851

CREDITORS

Amounts falling due within one year

7

28,023

25,351

NET CURRENT LIABILITIES

(26,239

)

(23,500

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,318

21,162

CREDITORS

Amounts falling due after more than one year

8

(12,090

)

(17,533

)

PROVISIONS FOR LIABILITIES

(371

)

(812

)

NET ASSETS

857

2,817

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

856

2,816

SHAREHOLDERS' FUNDS

857

2,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 May 2018 and were signed on its behalf by:

Mr S W Bundy - Director

1.	STATUTORY INFORMATION

Conroyds Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

58,000

AMORTISATION

At 1 September 2016

17,400

Amortisation for year

2,900

At 31 August 2017

20,300

NET BOOK VALUE

At 31 August 2017

37,700

At 31 August 2016

40,600

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2016

and 31 August 2017

5,469

8,376

730

14,575

DEPRECIATION

At 1 September 2016

5,038

5,025

450

10,513

Charge for year

384

1,675

146

2,205

At 31 August 2017

5,422

6,700

596

12,718

NET BOOK VALUE

At 31 August 2017

47

1,676

134

1,857

At 31 August 2016

431

3,351

280

4,062

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2016

and 31 August 2017

8,376

DEPRECIATION

At 1 September 2016

5,025

Charge for year

1,675

At 31 August 2017

6,700

NET BOOK VALUE

At 31 August 2017

1,676

At 31 August 2016

3,351

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Prepayments

22

21

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

5,222

5,001

Hire purchase contracts

-

1,984

Trade creditors

1,301

1,840

Taxation and social security

926

1,011

Other creditors

20,574

15,515

28,023

25,351

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans

12,090

17,533

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2016 - £5,000) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S W Bundy.