Guy Darrells Trading Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07550123 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

GUY DARRELLS TRADING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G. Spiro

N.S. Varsani

D. Weidenbaum

REGISTERED OFFICE:

Pilot Works

Alfred Street

Bury

Lancashire

BL9 9EF

REGISTERED NUMBER:

07550123 (England and Wales)

ACCOUNTANTS:

Numera Partners LLP

6th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

FIXED ASSETS

Tangible assets

4

6,947

8,795

CURRENT ASSETS

Stocks

5

647,508

1,081,487

Debtors

6

363,937

350,835

Cash at bank and in hand

727,768

289,609

1,739,213

1,721,931

CREDITORS

Amounts falling due within one year

7

201,272

316,895

NET CURRENT ASSETS

1,537,941

1,405,036

TOTAL ASSETS LESS CURRENT LIABILITIES

1,544,888

1,413,831

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,544,788

1,413,731

SHAREHOLDERS' FUNDS

1,544,888

1,413,831

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

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

The directors acknowledge their 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 Board of Directors on 30 July 2018 and were signed on its behalf by:

G. Spiro - Director

N.S. Varsani - Director

1.	STATUTORY INFORMATION

Guy Darrells Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

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

items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit and loss account on a straight line basis over the period of the lease.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit

and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

9,453

21,964

14,030

45,447

Additions

-

215

3,406

3,621

Disposals

-

(1,935

)

(448

)

(2,383

)

At 31 December 2017

9,453

20,244

16,988

46,685

DEPRECIATION

At 1 January 2017

9,015

19,011

8,626

36,652

Charge for year

229

1,471

3,500

5,200

Eliminated on disposal

-

(1,676

)

(438

)

(2,114

)

At 31 December 2017

9,244

18,806

11,688

39,738

NET BOOK VALUE

At 31 December 2017

209

1,438

5,300

6,947

At 31 December 2016

438

2,953

5,404

8,795

5.

STOCKS

31.12.17

31.12.16

£

£

Stocks

647,508

1,081,487

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

357,368

290,768

Other debtors

(13,887

)

372

VAT

-

26,378

Prepayments

20,456

33,317

363,937

350,835

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

129,760

225,466

Amounts owed to participating interests

345

345

Tax

32,244

44,634

Social security and other taxes

8,721

7,075

VAT

17,966

-

Other creditors

2,242

17,280

Directors' current accounts

150

177

Accrued expenses

9,844

21,918

201,272

316,895