Sandwich Mowers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04485460 (England and Wales)

SANDWICH MOWERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P T Jones

REGISTERED OFFICE:

Homestead Farm

Woodnesborough Road

Sandwich

Kent

CT13 0AE

REGISTERED NUMBER:

04485460 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,013

2,684

2,013

2,684

CURRENT ASSETS

Stocks

16,000

20,000

Debtors

6

2,614

1,326

Cash in hand

133

165

18,747

21,491

CREDITORS

Amounts falling due within one year

7

23,814

26,199

NET CURRENT LIABILITIES

(5,067

)

(4,708

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,054

)

(2,024

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(3,057

)

(2,027

)

SHAREHOLDERS' FUNDS

(3,054

)

(2,024

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 19 September 2018 and were signed by:

P T Jones - Director

1.	STATUTORY INFORMATION

Sandwich Mowers 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

- 25% on reducing balance basis

Stocks

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

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

25,000

AMORTISATION

At 1 August 2017

and 31 July 2018

25,000

NET BOOK VALUE

At 31 July 2018

-

At 31 July 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2017

and 31 July 2018

1,000

13,849

14,849

DEPRECIATION

At 1 August 2017

1,000

11,165

12,165

Charge for year

-

671

671

At 31 July 2018

1,000

11,836

12,836

NET BOOK VALUE

At 31 July 2018

-

2,013

2,013

At 31 July 2017

-

2,684

2,684

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,196

710

Other debtors

418

616

2,614

1,326

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

11,935

13,876

Trade creditors

4,379

3,545

Taxation and social security

2,216

3,344

Other creditors

5,284

5,434

23,814

26,199

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P T Jones.

9.	GOING CONCERN

The accounts have been prepared on a going concern basis. The directors will continue to support the company

over the next 12 months.