LONGERLIFE POSTS LIMITED

LONGERLIFE POSTS LIMITED

SWAN TIMBER LIMITED - Company Information

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LONGERLIFE POSTS LIMITED

Company Registration Number:
06447595 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

LONGERLIFE POSTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

LONGERLIFE POSTS LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 189,000 210,000
Tangible assets: 3 834,869 801,566
Total fixed assets: 1,023,869 1,011,566
Current assets
Stocks: 118,015 69,874
Debtors:   876,385 748,150
Cash at bank and in hand: 606,793 600,110
Total current assets: 1,601,193 1,418,134
Creditors: amounts falling due within one year:   (1,105,963) (1,176,890)
Net current assets (liabilities): 495,230 241,244
Total assets less current liabilities: 1,519,099 1,252,810
Total net assets (liabilities): 1,519,099 1,252,810
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,518,099 1,251,810
Shareholders funds: 1,519,099 1,252,810

The notes form part of these financial statements

LONGERLIFE POSTS LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 December 2018
and signed on behalf of the board by:

Name: AG Swan
Status: Director

The notes form part of these financial statements

LONGERLIFE POSTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discount and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Intangible fixed assets and amortisation policy

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

LONGERLIFE POSTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Intangible Assets

Total
Cost £
At 01 April 2017 315,000
At 31 March 2018 315,000
Amortisation
At 01 April 2017 105,000
Charge for year 21,000
At 31 March 2018 126,000
Net book value
At 31 March 2018 189,000
At 31 March 2017 210,000

LONGERLIFE POSTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Tangible Assets

Total
Cost £
At 01 April 2017 1,197,060
Additions 139,425
At 31 March 2018 1,336,485
Depreciation
At 01 April 2017 395,494
Charge for year 106,122
At 31 March 2018 501,616
Net book value
At 31 March 2018 834,869
At 31 March 2017 801,566