Medway Pets Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08631237 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

FOR

MEDWAY PETS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D K Stead

REGISTERED OFFICE:

16 Painters Pightle

Hook

Hampshire

RG27 9SS

REGISTERED NUMBER:

08631237 (England and Wales)

ACCOUNTANTS:

Martin J. Raybould ACCA

Certified Accountant

16 Painters Pightle

Hook

Hampshire

RG27 9SS

FIXED ASSETS

Intangible assets

4

4,360

6,540

Tangible assets

5

3,555

2,636

7,915

9,176

CURRENT ASSETS

Stocks

1,200

1,750

Debtors

6

9,309

4,871

Cash at bank

6,167

9,444

16,676

16,065

CREDITORS

Amounts falling due within one year

7

23,923

25,232

NET CURRENT LIABILITIES

(7,247

)

(9,167

)

TOTAL ASSETS LESS CURRENT LIABILITIES

668

9

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

667

8

SHAREHOLDERS' FUNDS

668

9

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 7 August 2018 and were signed by:

D K Stead - Director

1.	STATUTORY INFORMATION

Medway Pets Ltd 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.

Goodwill

The goodwill was acquired when the company took over the business previously run by Mr D K Stead under the

name of Medway Associates. The director reviewed his previous non amortisation policy and deemed it

appropriate to write off the goodwill over a period of five years commencing the year ended 30 June 2016.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment & fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2017

and 30 June 2018

10,900

AMORTISATION

At 1 July 2017

4,360

Charge for year

2,180

At 30 June 2018

6,540

NET BOOK VALUE

At 30 June 2018

4,360

At 30 June 2017

6,540

5.	TANGIBLE FIXED ASSETS

Equipment

Motor

& fittings

vehicles

Totals

£

£

£

COST

At 1 July 2017

4,579

2,500

7,079

Additions

2,104

-

2,104

At 30 June 2018

6,683

2,500

9,183

DEPRECIATION

At 1 July 2017

2,757

1,686

4,443

Charge for year

981

204

1,185

At 30 June 2018

3,738

1,890

5,628

NET BOOK VALUE

At 30 June 2018

2,945

610

3,555

At 30 June 2017

1,822

814

2,636

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

8,452

4,431

Other debtors

857

440

9,309

4,871

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

3,307

1,726

Taxation and social security

3,675

3,033

Other creditors

16,941

20,473

23,923

25,232

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D K Stead.