Hill Cross Joinery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04551304 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Hill Cross Joinery Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Huxley

Mrs P N Huxley

D Huxley

SECRETARY:

Mrs P N Huxley

REGISTERED OFFICE:

54 Cross O'th Hill Road

Nomans Heath

Malpas

Cheshire

SY14 8DT

REGISTERED NUMBER:

04551304 (England and Wales)

ACCOUNTANTS:

Hatcher Hughes Limited

Cassidy House

Station Road

Chester

Cheshire

CH1 3DW

FIXED ASSETS

Tangible assets

4

30,674

46,443

CURRENT ASSETS

Stocks

3,000

2,700

Debtors

65,170

129,219

Cash at bank and in hand

8,883

100

77,053

132,019

CREDITORS

Amounts falling due within one year

72,053

145,838

NET CURRENT ASSETS/(LIABILITIES)

5,000

(13,819

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,674

32,624

CREDITORS

Amounts falling due after more than one year

17,884

30,554

NET ASSETS

17,790

2,070

CAPITAL AND RESERVES

Called up share capital

9

3

Retained earnings

17,781

2,067

SHAREHOLDERS' FUNDS

17,790

2,070

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2018 and were signed on its behalf by:

Mrs P N Huxley - Director

1.	STATUTORY INFORMATION

Hill Cross Joinery 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.

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 etc

-

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.

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.

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 11 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

101,307

DEPRECIATION

At 1 April 2017

54,864

Charge for year

15,769

At 31 March 2018

70,633

NET BOOK VALUE

At 31 March 2018

30,674

At 31 March 2017

46,443

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,795 were paid to the directors .

During the year the company has made sales to an associated company G.M Build & Maintenance Ltd in which

the Director Mr G J Huxley is both a shareholder and director. The value of supplies made for the year ended 31

March 2018 was £41,847 and this amount is included in the sales figure for the year.