Company Registration No. 2059522 (England and Wales)
Test Valley Products Limited
Unaudited accounts
for the year ended 31 December 2017
Test Valley Products Limited
Unaudited accounts
Contents
Test Valley Products Limited
Company Information
for the year ended 31 December 2017
Company Number
2059522 (England and Wales)
Registered Office
5 Horseshoe Drive
Romsey
Hampshire
SO51 7TP
Accountants
Silvasmiths Limited
5 Horseshoe Drive
Romsey
Hampshire
SO51 7TP
Test Valley Products Limited
Statement of financial position
as at 31 December 2017
Tangible assets
11,065
11,625
Cash at bank and in hand
62,940
51,867
Creditors: amounts falling due within one year
(57,375)
(43,631)
Net current assets
32,409
57,577
Called up share capital
100
100
Profit and loss account
43,374
69,102
Shareholders' funds
43,474
69,202
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 May 2018.
S Harding
Director
Company Registration No. 2059522
Test Valley Products Limited
Notes to the Accounts
for the year ended 31 December 2017
Test Valley Products Limited is a private company, limited by shares, registered in England and Wales, registration number 2059522. The registered office is 5 Horseshoe Drive, Romsey, Hampshire, SO51 7TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Computer equipment
15% reducing balance basis
Test Valley Products Limited
Notes to the Accounts
for the year ended 31 December 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2017
6,943
17,114
7,433
3,506
34,996
Additions
1,565
-
1,145
-
2,710
At 31 December 2017
8,508
17,114
8,578
3,506
37,706
At 1 January 2017
6,943
7,487
6,714
2,227
23,371
Charge for the year
391
2,407
280
192
3,270
At 31 December 2017
7,334
9,894
6,994
2,419
26,641
At 31 December 2017
1,174
7,220
1,584
1,087
11,065
At 31 December 2016
-
9,627
719
1,279
11,625
Finished goods
11,750
9,980
Trade debtors
15,094
39,222
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
-
1,294
Trade creditors
16,301
20,061
Taxes and social security
21,934
22,887
Loans from directors
2,748
(2,116)
8
Average number of employees
During the year the average number of employees was 2 (2016: 2).
