Paul Bamber Joinery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07574252 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Paul Bamber Joinery Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P A Bamber

Mrs E M Bamber

REGISTERED OFFICE:

BTC House

Chapel Hill

Longridge

Preston

Lancashire

PR3 3JY

REGISTERED NUMBER:

07574252 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

40,941

30,020

CURRENT ASSETS

Debtors

5

74,003

69,794

Cash at bank

68,017

46,764

142,020

116,558

CREDITORS

Amounts falling due within one year

6

81,851

83,357

NET CURRENT ASSETS

60,169

33,201

TOTAL ASSETS LESS CURRENT LIABILITIES

101,110

63,221

CREDITORS

Amounts falling due after more than one year

7

(4,309

)

(2,221

)

PROVISIONS FOR LIABILITIES

(7,779

)

(5,891

)

NET ASSETS

89,022

55,109

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

88,022

54,109

SHAREHOLDERS' FUNDS

89,022

55,109

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.

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 13 September 2018 and were signed on its behalf by:

Mr P A Bamber - Director

1.	STATUTORY INFORMATION

Paul Bamber 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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 statement of financial position date.

Deferred tax

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

the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

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 4 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

499

16,394

29,827

1,627

48,347

Additions

-

200

21,107

-

21,307

Disposals

-

-

(8,200

)

-

(8,200

)

At 31 March 2018

499

16,594

42,734

1,627

61,454

DEPRECIATION

At 1 April 2017

311

6,663

11,109

244

18,327

Charge for year

28

1,548

5,510

208

7,294

Eliminated on disposal

-

-

(5,108

)

-

(5,108

)

At 31 March 2018

339

8,211

11,511

452

20,513

NET BOOK VALUE

At 31 March 2018

160

8,383

31,223

1,175

40,941

At 31 March 2017

188

9,731

18,718

1,383

30,020

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2017

and 31 March 2018

21,627

DEPRECIATION

At 1 April 2017

6,001

Charge for year

2,344

At 31 March 2018

8,345

NET BOOK VALUE

At 31 March 2018

13,282

At 31 March 2017

15,626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

74,003

69,423

Other debtors

-

371

74,003

69,794

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

5,484

2,665

Trade creditors

17,839

16,280

Taxation and social security

35,856

29,603

Other creditors

22,672

34,809

81,851

83,357

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

4,309

2,221

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Hire purchase contracts

9,793

4,886

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2017 - £48,993) were paid to the directors .