| Paul Bott Homes Limited |
| Registered number: |
03004047 |
| Balance Sheet |
| as at 31 March 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
208,267 |
|
|
8,412 |
|
| Current assets |
| Stocks |
|
|
545,768 |
|
|
338,391 |
| Debtors |
4 |
|
67,468 |
|
|
328,149 |
| Cash at bank and in hand |
|
|
39,392 |
|
|
247,190 |
|
|
|
652,628 |
|
|
913,730 |
|
| Creditors: amounts falling due within one year |
5 |
|
(53,116) |
|
|
(51,583) |
|
| Net current assets |
|
|
|
599,512 |
|
|
862,147 |
|
| Total assets less current liabilities |
|
|
|
807,779 |
|
|
870,559 |
|
|
| Provisions for liabilities |
|
|
|
(1,152) |
|
|
(1,106) |
|
|
| Net assets |
|
|
|
806,627 |
|
|
869,453 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
806,625 |
|
|
869,451 |
|
| Shareholders' funds |
|
|
|
806,627 |
|
|
869,453 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S A Bott |
| Director |
| Approved by the board on 16 October 2018 |
|
| Paul Bott Homes Limited |
| Notes to the Accounts |
| for the year ended 31 March 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 10 years |
|
Fixtures, fittings, tools and equipment |
over 3 and 5 years |
|
Motor vehicles |
over 4 years |
|
|
Investment property |
|
The investment property is revalued annually by the directors at fair value. Any surplus or deficit on revaluation is recognised in the profit or loss in the year they occur and are then transferred to the revaluation reserve.
No depreciation is provided in respect of the investment property. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Investment property |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2017 |
- |
|
79,598 |
|
16,423 |
|
96,021 |
|
Additions |
202,204 |
|
1,038 |
|
- |
|
203,242 |
|
Disposals |
- |
|
(23,038) |
|
- |
|
(23,038) |
|
At 31 March 2018 |
202,204 |
|
57,598 |
|
16,423 |
|
276,225 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2017 |
- |
|
71,186 |
|
16,423 |
|
87,609 |
|
Charge for the year |
- |
|
3,387 |
|
- |
|
3,387 |
|
On disposals |
- |
|
(23,038) |
|
- |
|
(23,038) |
|
At 31 March 2018 |
- |
|
51,535 |
|
16,423 |
|
67,958 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2018 |
202,204 |
|
6,063 |
|
- |
|
208,267 |
|
At 31 March 2017 |
- |
|
8,412 |
|
- |
|
8,412 |
|
The investment property has been stated at £202,204 cost which in the opinion of the directors is fair value. No revaluation adjustment is required. |
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
67,468 |
|
328,149 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
27,313 |
|
27,992 |
|
Corporation tax |
20,542 |
|
19,595 |
|
Other taxes and social security costs |
1,501 |
|
1,405 |
|
Other creditors |
3,760 |
|
2,591 |
|
|
|
|
|
|
53,116 |
|
51,583 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Capital commitments |
2018 |
|
2017 |
| £ |
£ |
|
|
Amounts contracted for but not provided in the accounts |
- |
|
380,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
All loans repayable on demand. Interest charged at 2.5% pa. |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
S A Bott |
|
Loan 1 |
157,997 |
|
- |
|
(157,997) |
|
- |
|
Loan 2 |
- |
|
29,340 |
|
- |
|
29,340 |
|
|
P A Bott |
|
Loan 1 |
157,997 |
|
- |
|
(157,997) |
|
- |
|
Loan 2 |
- |
|
29,340 |
|
- |
|
29,340 |
|
|
|
315,994 |
|
58,680 |
|
(315,994) |
|
58,680 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Paul Bott Homes Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
21 Narborough Road |
|
Cosby |
|
Leicester |
|
LE9 1TA |
