Vale Domestic Services Limited - Accounts to registrar (filleted) - small 18.2
Vale Domestic Services Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st March 2018 |
| for |
| Vale Domestic Services Limited |
| Vale Domestic Services Limited (Registered number: 03888825) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2018 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Vale Domestic Services Limited |
| Company Information |
| for the Year Ended 31st March 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Thorneloe House |
| 25 Barbourne Road |
| Worcester |
| Worcestershire |
| WR1 1RU |
| Vale Domestic Services Limited (Registered number: 03888825) |
| Abridged Balance Sheet |
| 31st March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | 9 | ( |
) |
| 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. |
| Vale Domestic Services Limited (Registered number: 03888825) |
| Abridged Balance Sheet - continued |
| 31st March 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director on |
| Vale Domestic Services Limited (Registered number: 03888825) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2018 |
| 1. | STATUTORY INFORMATION |
| Vale Domestic Services Limited is a |
| 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 |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| INTANGIBLE ASSETS |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less |
| any accumulated amortisation and any accumulated impairment losses. |
| TANGIBLE FIXED ASSETS |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| INVESTMENT PROPERTY |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair |
| value is recognised in profit or loss. |
| 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 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. |
| Vale Domestic Services Limited (Registered number: 03888825) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1st April 2017 |
| and 31st March 2018 |
| AMORTISATION |
| At 1st April 2017 |
| and 31st March 2018 |
| NET BOOK VALUE |
| At 31st March 2018 |
| At 31st March 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1st April 2017 |
| Additions |
| At 31st March 2018 |
| DEPRECIATION |
| At 1st April 2017 |
| Charge for year |
| At 31st March 2018 |
| NET BOOK VALUE |
| At 31st March 2018 |
| At 31st March 2017 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2017 |
| and 31st March 2018 |
| NET BOOK VALUE |
| At 31st March 2018 |
| At 31st March 2017 |
| Vale Domestic Services Limited (Registered number: 03888825) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2018 |
| 6. | INVESTMENT PROPERTY - continued |
| Fair value at 31st March 2018 is represented by: |
| £ |
| Valuation in 2009 | 39,036 |
| Valuation in 2017 | 25,000 |
| Cost | 160,964 |
| If the property had not been revalued it would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 160,964 | 160,964 |
| Investment property was valued on an open market basis on 31st March 2018 by the director . |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2018 | 2017 |
| £ | £ |
| Repayable by instalments |
| Bank loans more 5 yr by instal |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| A personal guarantee has been provided by the shareholders. |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st April 2017 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31st March 2018 | ( |
) |