Hamiltons Car Storage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05864942 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

HAMILTONS CAR STORAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

6

DIRECTOR:

G H Wilson

SECRETARY:

Mrs S M Wilson

REGISTERED OFFICE:

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

BUSINESS ADDRESS:

Lower Bottom House Farm

Bottom House Farm Lane

Chalfont St Giles

Buckinghamshire

HP8 4EF

REGISTERED NUMBER:

05864942 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

FIXED ASSETS

Tangible assets

4

107,885

135,772

CURRENT ASSETS

Debtors

5

376,246

376,163

Prepayments and accrued income

34,475

34,475

Cash at bank

41,341

-

452,062

410,638

CREDITORS

Amounts falling due within one year

6

149,473

107,457

NET CURRENT ASSETS

302,589

303,181

TOTAL ASSETS LESS CURRENT LIABILITIES

410,474

438,953

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

410,473

438,952

SHAREHOLDERS' FUNDS

410,474

438,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 August 2018 and were signed by:

G H Wilson - Director

1.	STATUTORY INFORMATION

Hamiltons Car Storage Limited 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.

The date of transition to Financial Reporting Standard 102 was 1 April 2015 and there were no

adjustments arising on transition.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Financial instruments

The company uses certain financial instruments in its normal operating and investing activities, which

are deemed appropriate to its circumstances, such as trade receivables and trade payables, cash at

bank deposits and bank overdrafts, loans and equity shares. Financial assets and liabilities are

recognised on the company's balance sheet at amortised cost when the company has become a party

to the contractual provisions of the instrument.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

267,614

17,466

3,493

288,573

Additions

-

1,325

-

1,325

At 31 March 2018

267,614

18,791

3,493

289,898

DEPRECIATION

At 1 April 2017

134,998

16,057

1,746

152,801

Charge for year

26,762

1,577

873

29,212

At 31 March 2018

161,760

17,634

2,619

182,013

NET BOOK VALUE

At 31 March 2018

105,854

1,157

874

107,885

At 31 March 2017

132,616

1,409

1,747

135,772

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

35,436

34,219

Other debtors

132,806

108,306

Directors' current accounts

167,708

190,151

Corporation tax recoverable

40,296

40,296

Prepayments and accrued income

-

3,191

376,246

376,163

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

28,296

16,015

Taxation

15,608

31,288

VAT

26,832

27,033

Other creditors

55,917

-

Accruals and deferred income

22,820

33,121

149,473

107,457

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

G H Wilson

Balance outstanding at start of year

190,150

158,422

Amounts advanced

27,558

31,728

Amounts repaid

(50,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

167,708

190,150

8.	RELATED PARTY DISCLOSURES

At the balance sheet date £109,438 (2017: £101,799) was owed by Landmaze Limited a company

under the common control of the director G H Wilson. The loan is interest free with no fixed repayment

terms.

At the balance sheet date £23,368 (2017: £9,368) was owed by Lower Bottom House Farm, a

business owned by by the director G H Wilson.

During the year rent of £48,000 (2017: £48,000) was paid on an arms length basis to Lower Bottom

House Farm a business owned by the director G H Wilson.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Hamiltons Car Storage Limited for the year ended 31 March 218 which comprise

the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Hamiltons Car Storage Limited, as a body, in

accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval

the financial statements of Hamiltons Car Storage Limited and state those matters that we have agreed to

state to the Board of Directors of Hamiltons Car Storage Limited, as a body, in this report. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than Hamiltons Car Storage

Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hamiltons Car Storage Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position

and profit of Hamiltons Car Storage Limited. You consider that Hamiltons Car Storage Limited is exempt from

the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hamiltons Car

Storage Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any opinion

on the statutory financial statements.

Wilkins Kennedy

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

4 September 2018