MR Mouldings Ltd - Accounts to registrar (filleted) - small 18.2
MR Mouldings Ltd - Accounts to registrar (filleted) - small 18.2
| MR. MOULDINGS LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 OCTOBER 2017 |
| MR. MOULDINGS LTD (REGISTERED NUMBER: 04760940) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 8 |
| MR. MOULDINGS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 201 Haverstock Hill |
| London |
| NW3 4QG |
| MR. MOULDINGS LTD (REGISTERED NUMBER: 04760940) |
| BALANCE SHEET |
| 31 OCTOBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| MR. MOULDINGS LTD (REGISTERED NUMBER: 04760940) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| MR. MOULDINGS LTD (REGISTERED NUMBER: 04760940) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2017 |
| 1. | STATUTORY INFORMATION |
| Mr. Mouldings Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom |
| Generally Accepted Accounting Practice), which have been consistently applied (except as otherwise stated). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax and trade discounts. Goods represent |
| finished wood products. |
| Progress payments received, when greater than recorded turnover, are deducted from the value of work in progress |
| except to the extent that payments on account exceed the value of work in progress on any job where the excess is |
| included in creditors. The amount by which recorded turnover of jobs is in excess of payments on account is |
| classified as 'amounts recoverable on contracts' and is separately disclosed within debtors. |
| Tangible fixed assets |
| Leasehold property | - |
| Plant & machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stock |
| Stock, which consists of raw and machined timber, is stated at the lower of cost and net realisable value. Cost |
| comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in |
| bringing the stock to there present location and condition. Net realisable value is the estimated selling price less the |
| estimated costs of disposal. |
| Financial instruments |
| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets |
| and liabilities like trade and other accounts receivable and payable and loans to related parties. |
| Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are |
| measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be |
| paid or received. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
| objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
| though profit or loss. |
| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an |
| asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount |
| that the Company would receive for the asset if it were to be sold at the reporting date. |
| MR. MOULDINGS LTD (REGISTERED NUMBER: 04760940) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 lives or the lease term, whichever is shorter. |
| Hire purchase contracts are secured over the assets concerned. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account 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 |
| MR. MOULDINGS LTD (REGISTERED NUMBER: 04760940) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Plant & | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 November 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2017 |
| DEPRECIATION |
| At 1 November 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2017 |
| NET BOOK VALUE |
| At 31 October 2017 |
| At 31 October 2016 |
| Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 November 2016 |
| and 31 October 2017 |
| DEPRECIATION |
| At 1 November 2016 |
| and 31 October 2017 |
| NET BOOK VALUE |
| At 31 October 2017 |
| At 31 October 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| MR. MOULDINGS LTD (REGISTERED NUMBER: 04760940) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| MR. MOULDINGS LTD |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
| Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Mr. Mouldings Ltd for the year ended 31 October 2017 which comprise the Income Statement, Balance Sheet, |
| Statement of Changes in Equity and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Mr. Mouldings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mr. Mouldings Ltd and state those matters that we have agreed to state to the director of Mr. Mouldings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mr. Mouldings Ltd and its director for our work or for this report. |
| It is your duty to ensure that Mr. Mouldings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mr. Mouldings Ltd. You consider that Mr. Mouldings Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Mr. Mouldings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 201 Haverstock Hill |
| London |
| NW3 4QG |