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

REGISTERED NUMBER: 02840842 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

NASHBLEND LIMITED

TRADING AS

WEST COUNTRY TILING COMPANY,

SAM SCAFFOLD AND

DUDLEY YOUNG & SOUTAR

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T G D Pitt

J Y Scott

Ms J M Rydon

SECRETARY:

Ms J M Rydon

REGISTERED OFFICE:

36a Station Road

New Milton

Hampshire

BH25 6JX

REGISTERED NUMBER:

02840842 (England and Wales)

ACCOUNTANTS:

David Shores & Co Ltd

36a Station Road

New Milton

Hampshire

BH25 6JX

BANKERS:

Lloyds Bank plc

38 Market Place

Devizes

Wiltshire

SN10 1JD

FIXED ASSETS

Tangible assets

4

75,461

72,487

Investments

5

15

15

75,476

72,502

CURRENT ASSETS

Stocks

195,695

147,237

Debtors

6

349,885

321,281

Cash at bank and in hand

48

48

545,628

468,566

CREDITORS

Amounts falling due within one year

7

303,812

251,585

NET CURRENT ASSETS

241,816

216,981

TOTAL ASSETS LESS CURRENT LIABILITIES

317,292

289,483

CREDITORS

Amounts falling due after more than one year

8

(119,893

)

(134,492

)

PROVISIONS FOR LIABILITIES

(13,709

)

(13,081

)

NET ASSETS

183,690

141,910

CAPITAL AND RESERVES

Called up share capital

27,533

27,533

Share premium

26,311

26,311

Capital redemption reserve

10,000

10,000

Retained earnings

119,846

78,066

SHAREHOLDERS' FUNDS

183,690

141,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 26 June 2018 and were signed on its behalf by:

T G D Pitt - Director

1.	STATUTORY INFORMATION

Nashblend 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 represents net invoiced sales of goods and services, excluding value added tax and

adjusted for Work in Progress valuation.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

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 Profit and loss

account, 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

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 22 (2016 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2016

237,523

18,462

30,825

31,788

318,598

Additions

10,423

-

7,470

2,148

20,041

At 30 September 2017

247,946

18,462

38,295

33,936

338,639

DEPRECIATION

At 1 October 2016

196,616

11,356

12,678

25,461

246,111

Charge for year

9,013

1,130

3,418

3,506

17,067

At 30 September 2017

205,629

12,486

16,096

28,967

263,178

NET BOOK VALUE

At 30 September 2017

42,317

5,976

22,199

4,969

75,461

At 30 September 2016

40,907

7,106

18,147

6,327

72,487

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2016

and 30 September 2017

15

NET BOOK VALUE

At 30 September 2017

15

At 30 September 2016

15

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

209,921

166,700

Other debtors

139,964

154,581

349,885

321,281

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

88,262

61,800

Trade creditors

103,723

158,095

Taxation and social security

74,623

28,715

Other creditors

37,204

2,975

303,812

251,585

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

119,893

134,492

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

62,483

80,895

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

51,838

51,031

Between one and five years

24,232

37,528

76,070

88,559

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdrafts

67,736

43,875

Bank loans

140,419

152,417

208,155

196,292

The bank borrowing is secured by a legal charge over the freehold property at Office Premises, Marsh

Farm, Blatchbridge, Frome which is owned by the Directors Mr & Mrs T Pitt and supported by an

unlimited debenture over the assets of the company. Mr & Mrs Pitt have further provided security by

way of a legal charge over freehold property at 6 Warminsiter Road, Beckington, Frome.

Hire Purchase borrowing is secured as to the relevant asset.