Peter Howe WinDors Limited Company Accounts

PETER HOWE WINDORS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05346331

Peter Howe WinDors Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2017

Peter Howe WinDors Limited

Financial Statements

Year ended 31 December 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

The following pages do not form part of the financial statements

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	8

Peter Howe WinDors Limited

Officers and Professional Advisers

Director	Mr P Howe

Company secretary	Mrs A Howe

Registered office	550 Valley Road
	Basford
	Nottingham
	NG5 1JJ

Accountants	Swandec
	Chartered Accountants
	550 Valley Road
	Basford
	Nottingham
	NG5 1JJ

Bankers	National Westminster
	19 High Road
	Beeston
	Nottingham
	NG9 2JX

Peter Howe WinDors Limited

Statement of Financial Position

31 December 2017

	2017		2016
Note	£	£	£

Fixed assets

Intangible assets	3	12,717	14,533
Tangible assets	4	317	140
		--------	--------
		13,034	14,673

Current assets

Debtors	5	–	1,989
Cash at bank and in hand		6,868	11,030
		------	--------
		6,868	13,019

Creditors: amounts falling due within one year	6	8,845		10,596
		------		--------
Net current (liabilities)/assets			( 1,977)	2,423
			--------	--------
Total assets less current liabilities			11,057	17,096
			--------	--------
Net assets			11,057	17,096
			--------	--------

Capital and reserves

Called up share capital	7	1	1
Profit and loss account		11,056	17,095
		--------	--------
Members funds		11,057	17,096
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Peter Howe WinDors Limited

Statement of Financial Position (continued)

31 December 2017

These financial statements were approved by the board of directors and authorised for issue on 27 September 2018 , and are signed on behalf of the board by:

Mr P Howe
Director

Company registration number: 05346331

Peter Howe WinDors Limited

Notes to the Financial Statements

Year ended 31 December 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more or a right to pay less tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	25% reducing balance

3. Intangible assets

	Goodwill
	£
Cost
At 1 January 2017 and 31 December 2017	36,333
	--------
Amortisation
At 1 January 2017	21,800
Charge for the year	1,816
	--------
At 31 December 2017	23,616
	--------
Carrying amount
At 31 December 2017	12,717
	--------
At 31 December 2016	14,533
	--------

4. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2017	1,143	1,143
Additions	283	283
	------	------
At 31 December 2017	1,426	1,426
	------	------
Depreciation
At 1 January 2017	1,003	1,003
Charge for the year	106	106
	------	------
At 31 December 2017	1,109	1,109
	------	------
Carrying amount
At 31 December 2017	317	317
	------	------
At 31 December 2016	140	140
	------	------

5. Debtors

	2017	2016
	£	£
Other debtors	–	1,989
	----	------

6. Creditors: amounts falling due within one year

	2017	2016
	£	£
Corporation tax	145	6,016
Social security and other taxes	496	–
Other creditors	8,204	4,580
	------	--------
	8,845	10,596
	------	--------

7. Called up share capital

Issued, called up and fully paid

	2017		2016
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

8. Director's advances, credits and guarantees

At the statement of financial position the company owed the director £7,484 (2016:£3,860). The directors loan account is unsecured, interest free and repayable on demand.

Peter Howe WinDors Limited

Management Information

Year ended 31 December 2017

The following pages do not form part of the financial statements.

Peter Howe WinDors Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Peter Howe WinDors Limited

Year ended 31 December 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peter Howe WinDors Limited for the year ended 31 December 2017, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Peter Howe WinDors Limited in accordance with the terms of our engagement letter dated 27 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Peter Howe WinDors Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peter Howe WinDors Limited and its director for our work or for this report.

It is your duty to ensure that Peter Howe WinDors 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 loss of Peter Howe WinDors Limited. You consider that Peter Howe WinDors 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 Peter Howe WinDors 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.

Swandec Chartered Accountants

550 Valley Road Basford Nottingham NG5 1JJ

27 September 2018