Hamilton Laboratory Glass Limited Small abridged accounts

Hamilton Laboratory Glass Limited Small abridged accounts

HAMILTON LABORATORY GLASS LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements
All of the members of Hamilton Laboratory Glass Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 01112437
Hamilton Laboratory Glass Limited
Filleted Unaudited Abridged Financial Statements
31 August 2017
Hamilton Laboratory Glass Limited
Abridged Financial Statements
Year ended 31 August 2017
Contents
Page
Abridged statement of financial position
1
Notes to the abridged financial statements
2
Hamilton Laboratory Glass Limited
Abridged Statement of Financial Position
31 August 2017
2017
2016
Note
£
£
Fixed assets
Tangible assets
5
9,474
9,278
Current assets
Stocks
21,000
24,000
Debtors
39,662
53,266
Cash at bank and in hand
16,871
8,257
--------
--------
77,533
85,523
Creditors: amounts falling due within one year
58,655
44,074
--------
--------
Net current assets
18,878
41,449
--------
--------
Total assets less current liabilities
28,352
50,727
--------
--------
Capital and reserves
Called up share capital
104
104
Profit and loss account
28,248
50,623
--------
--------
Members funds
28,352
50,727
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
These abridged financial statements were approved by the board of directors and authorised for issue on 21 May 2018 , and are signed on behalf of the board by:
Mr ES Bodley
JM Bodley
Director
Director
Company registration number: 01112437
Hamilton Laboratory Glass Limited
Notes to the Abridged Financial Statements
Year ended 31 August 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit A1 Continental Approach, Westwood Ind Estate, Margate, Kent, CT9 4JG, UK.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 12 (2016: 12 ).
5. Tangible assets
£
Cost
At 1 September 2016
88,240
Additions
1,867
--------
At 31 August 2017
90,107
--------
Depreciation
At 1 September 2016
78,962
Charge for the year
1,671
--------
At 31 August 2017
80,633
--------
Carrying amount
At 31 August 2017
9,474
--------
At 31 August 2016
9,278
--------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2017
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr ES Bodley
474
( 370)
104
----
----
----
2016
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr ES Bodley
1,947
( 1,473)
474
-------
-------
----
7. Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2015.
No transitional adjustments were required in equity or profit or loss for the year.