Greenwood & Ford Limited - Accounts to registrar (filleted) - small 18.1

Greenwood & Ford Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 01643740 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

GREENWOOD & FORD LIMITED

GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREENWOOD & FORD LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2017







DIRECTORS: P C Greenwood
P C Ford





SECRETARY: P C Greenwood





REGISTERED OFFICE: Plot 1 Low Road
Everthorpe
Brough
North Humberside
HU15 2AD





REGISTERED NUMBER: 01643740 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
50-52 Aire Street
Goole
DN14 5QE

GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

BALANCE SHEET
31 August 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,378 774

CURRENT ASSETS
Stocks 48,600 14,000
Debtors 5 8,847 10,504
Cash at bank and in hand 326,219 303,821
383,666 328,325
CREDITORS
Amounts falling due within one year 6 205,961 231,584
NET CURRENT ASSETS 177,705 96,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,083

97,515

PROVISIONS FOR LIABILITIES 1,782 155
NET ASSETS 185,301 97,360

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 185,201 97,260
SHAREHOLDERS' FUNDS 185,301 97,360

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.

GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

BALANCE SHEET - continued
31 August 2017


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 19 April 2018 and were signed on its behalf by:





P C Greenwood - Director


GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2017


1. STATUTORY INFORMATION

Greenwood & Ford Ltd is a private company, limited by shares, incorporated and domiciled in England and has its
registered office and principal place of business at Plot 1, Low Road, Everthorpe, Brough.

The principal activity of the company is that of the construction of domestic buildings.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going
concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to
events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or
receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by
reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

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.


GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2017


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2016 42,211
Additions 12,295
Disposals (9,000 )
At 31 August 2017 45,506
DEPRECIATION
At 1 September 2016 41,437
Charge for year 3,316
Eliminated on disposal (8,625 )
At 31 August 2017 36,128
NET BOOK VALUE
At 31 August 2017 9,378
At 31 August 2016 774

GREENWOOD & FORD LIMITED (REGISTERED NUMBER: 01643740)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2017


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 1,322 -
Other debtors 7,525 10,504
8,847 10,504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 54,901 55,289
Taxation and social security 31,218 15,735
Other creditors 119,842 160,560
205,961 231,584

7. RELATED PARTY DISCLOSURES

The company has been partly funded by loans from its directors. At the year end the company owed its directors
£115,160 (2016: £158,510).