Oldswinford Galleries Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04854524 (England and Wales)

OLDSWINFORD GALLERIES LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2016 TO 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A R P Harris

REGISTERED OFFICE:

4 St James Court

Bridgnorth Road

Wollaston

Stourbridge

West Midlands

DY8 3QG

REGISTERED NUMBER:

04854524 (England and Wales)

ACCOUNTANTS:

Morley Haswell Consultants Ltd

Chartered Accountants

4 St James Court

Bridgnorth Road

Wollaston

Stourbridge

West Midlands

DY8 3QG

CURRENT ASSETS

Stocks

4

200

6,650

Cash at bank and in hand

12,938

600

13,138

7,250

CREDITORS

Amounts falling due within one year

5

5,423

5,655

NET CURRENT ASSETS

7,715

1,595

TOTAL ASSETS LESS CURRENT LIABILITIES

7,715

1,595

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7,714

1,594

SHAREHOLDERS' FUNDS

7,715

1,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 9 April 2018 and were signed by:

A R P Harris - Director

1.	STATUTORY INFORMATION

Oldswinford Galleries 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

STOCKS

2017

2016

£

£

Stocks

200

6,650

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1

(1

)

Other creditors

5,422

5,656

5,423

5,655