Wilmac Flooring (Company) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05253610 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Wilmac Flooring (Company) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J McNall

M J Williams

SECRETARY:

REGISTERED OFFICE:

Unit 6 Cwrt Erwain

Central Trade Park, Phase 2 Marley Way

Saltney

Chester

Cheshire

CH4 8SX

REGISTERED NUMBER:

05253610 (England and Wales)

ACCOUNTANTS:

Robert Jones Accountants Limited

Chartered Accountants

Office 9, The Neston Centre,

High Street

Neston

Cheshire

CH64 9TZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,511

17,006

13,511

17,006

CURRENT ASSETS

Stocks

18,500

18,500

Debtors

6

103,748

105,981

Cash at bank and in hand

2,893

21,273

125,141

145,754

CREDITORS

Amounts falling due within one year

7

111,834

83,263

NET CURRENT ASSETS

13,307

62,491

TOTAL ASSETS LESS CURRENT LIABILITIES

26,818

79,497

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

26,816

79,495

SHAREHOLDERS' FUNDS

26,818

79,497

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 18 December 2018 and were signed on its behalf by:

P J McNall - Director

M J Williams - Director

1.	STATUTORY INFORMATION

Wilmac Flooring (Company) 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 comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.

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

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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.

Hire purchase and leasing commitments

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 9 (2017 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

335,000

AMORTISATION

At 1 April 2017

and 31 March 2018

335,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

56,480

Additions

745

Disposals

(4,000

)

At 31 March 2018

53,225

DEPRECIATION

At 1 April 2017

39,474

Charge for year

3,856

Eliminated on disposal

(3,616

)

At 31 March 2018

39,714

NET BOOK VALUE

At 31 March 2018

13,511

At 31 March 2017

17,006

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

101,998

104,231

Other debtors

1,750

1,750

103,748

105,981

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

40,176

40,956

Taxation and social security

19,787

34,516

Other creditors

51,871

7,791

111,834

83,263

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £74,710 (2017 - £66,400) were paid to the directors .