Accounts filed on 30-11-2017


ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2017





DIRECTORS
NJ Topliss
RA Sirs



SECRETARY
JC Hunt


REGISTERED OFFICE
57 High Street
Tetsworth
OX9 7BS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03852772



ACCOUNTANTS
Affinity Accountancy
44
Charlbury Road
Oxford
OX2 6UX


ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30 November 2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		63,002		56,362

CURRENT ASSETS
Stock		548,000		572,707
Debtors	4	974,741		620,590
Cash at bank and in hand		182,947		433,542
		1,705,688		1,626,839
CREDITORS: Amounts falling due within one year	5	589,364		617,358
NET CURRENT ASSETS			1,116,324		1,009,481
TOTAL ASSETS LESS CURRENT LIABILITIES			1,179,326		1,065,843


PROVISIONS FOR LIABILITIES AND CHARGES	6		76,077		76,077

NET ASSETS			1,103,249		989,766

CAPITAL AND RESERVES

Called up share capital	7		2		2
Profit and loss account			1,103,247		989,764
SHAREHOLDERS' FUNDS			1,103,249		989,766

For the year ending 30 November 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 22 August 2018 and signed on their behalf by



.............................
NJ Topliss
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		straight line 3-7 years
Equipment		straight line 4 years
Motor Cars		straight line 3-4 years




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	811,679	510,445
UK corporation tax	59,656	-
Deferred tax	-	3,660
Other debtors	700	700
Prepayments	101,745	74,833
Accrued income	961	30,952
	974,741	620,590




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	-	59,587
VAT	53,983	33,579
PAYE & NI control	25,265	27,101
Amounts due from group companies	50,928	51,944
Trade creditors	287,198	235,964
Accruals	158,692	199,680
Deferred income	13,298	9,503
	589,364	617,358




6. PROVISIONS FOR LIABILITIES	2017	2016
	£	£
Provision for leasehold dilapidation	76,077	76,077
	76,077	76,077


The dilapidation provision relates to an amount held for dilapidation rectification on the property lease contract and is expected to be utilized over the remaining life of the lease.




7. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




8. RELATED PARTY TRANSACTIONS
The company rents premises owned by the Director, NJ Topliss. Rental payments in the period in respect of this building were £76,000 (2016: £76,000).