Eleanors Wood Limited Company Accounts

ELEANORS WOOD LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03520819

Eleanors Wood Limited

Filleted Unaudited Financial Statements

31 October 2017

Eleanors Wood Limited

Financial Statements

Year ended 31 October 2017

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Eleanors Wood Limited

Statement of Financial Position

31 October 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	5		189,033	197,444

Current assets

Debtors	6	15,498	10,401
Cash at bank and in hand		675	2,186
		--------	--------
		16,173	12,587

Creditors: amounts falling due within one year	7	101,591		74,100
		---------		--------
Net current liabilities			85,418	61,513
			---------	---------
Total assets less current liabilities			103,615	135,931
			---------	---------
Net assets			103,615	135,931
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	103,515	135,831
	---------	---------
Shareholders funds	103,615	135,931
	---------	---------

These 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 statement of income and retained earnings has not been delivered.

For the year ending 31 October 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 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 4 January 2018 , and are signed on behalf of the board by:

Mrs B Trimmings
Director

Company registration number: 03520819

Eleanors Wood Limited

Notes to the Financial Statements

Year ended 31 October 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 TML House, 1A The Anchorage, Gosport, Hampshire, PO12 1LY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The 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 financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

No significant judgements have been made by the director in preparing these financial statements.

Revenue recognition

Turnover is the amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts. The income is recognised at the point of sale and is not deferred over any underlying termly or periodic arrangements.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment	-	25% reducing balance
Garden of remembrance	-	4% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2016: 3 ).

5. Tangible assets

	Fixtures and fittings	Garden of Remembrance	Total
	£	£	£
Cost
At 1 November 2016	54,055	426,402	480,457
Additions	1,059	12,138	13,197
	--------	---------	---------
At 31 October 2017	55,114	438,540	493,654
	--------	---------	---------
Depreciation
At 1 November 2016	38,850	244,163	283,013
Charge for the year	4,066	17,542	21,608
	--------	---------	---------
At 31 October 2017	42,916	261,705	304,621
	--------	---------	---------
Carrying amount
At 31 October 2017	12,198	176,835	189,033
	--------	---------	---------
At 31 October 2016	15,205	182,239	197,444
	--------	---------	---------

6. Debtors

	2017	2016
	£	£
Trade debtors	14,842	9,198
Other debtors	656	1,203
	--------	--------
	15,498	10,401
	--------	--------

7. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	5,766	10,884
Social security and other taxes	5,905	10,119
Other creditors	89,920	53,097
	---------	--------
	101,591	74,100
	---------	--------

8. 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
	£	£	£
Mrs B Trimmings	( 23,748)	( 17,596)	( 41,344)
A F W Trimmings Esq	( 23,748)	( 17,597)	( 41,345)
	--------	--------	--------
	( 47,496)	( 35,193)	( 82,689)
	--------	--------	--------

	2016
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mrs B Trimmings	( 20,720)	( 3,028)	( 23,748)
A F W Trimmings Esq	( 20,721)	( 3,027)	( 23,748)
	--------	-------	--------
	( 41,441)	( 6,055)	( 47,496)
	--------	-------	--------