M W Downham Limited - Accounts to registrar (filleted) - small 18.2
M W Downham Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| FOR |
| M W DOWNHAM LIMITED |
| M W DOWNHAM LIMITED (REGISTERED NUMBER: 04913415) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| M W DOWNHAM LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| 10 Elephants Yard |
| Kendal |
| Cumbria |
| LA9 4LZ |
| M W DOWNHAM LIMITED (REGISTERED NUMBER: 04913415) |
| ABRIDGED BALANCE SHEET |
| 30 NOVEMBER 2017 |
| 30.11.17 | 30.11.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| M W DOWNHAM LIMITED (REGISTERED NUMBER: 04913415) |
| ABRIDGED BALANCE SHEET - continued |
| 30 NOVEMBER 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| M W DOWNHAM LIMITED (REGISTERED NUMBER: 04913415) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| M W Downham Limited is a |
| 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 |
| The financial statements have been prepared on the going concern basis the directors having agreed to continue |
| to support the company. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding VAT. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| M W DOWNHAM LIMITED (REGISTERED NUMBER: 04913415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 December 2016 |
| Additions |
| Disposals | ( |
) |
| At 30 November 2017 |
| DEPRECIATION |
| At 1 December 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| Additions | 15,390 |
| At 30 November 2017 | 15,390 |
| NET BOOK VALUE |
| At 30 November 2017 | 15,390 |
| 5. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Hire purchase contracts | 14,147 | 458 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.17 | 30.11.16 |
| value: | £ | £ |
| Ordinary A | £1 | 300 | 300 |
| Ordinary B | £1 | 50 | 50 |
| 350 | 350 |
| M W DOWNHAM LIMITED (REGISTERED NUMBER: 04913415) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 November 2017 and |
| 30 November 2016: |
| 30.11.17 | 30.11.16 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Mr & Mrs M W Downham, the directors of the company, have entered into a personal guarantee of £15,000 |
| securing the banking facilities with National Westminster Bank plc. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Mr M W Downham. |
| 9. | FIRST YEAR ADOPTION |
| Financial Reporting Standard 102 adopted from 1st December 2016 had no effect on the financial results |
| reported in respect of prior years and no adjustment was necessary to previously reported financial results. |