Robert J Western Building Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05322068 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

ROBERT J WESTERN BUILDING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R J Western

SECRETARY:

Ms L Osborne

REGISTERED OFFICE:

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

REGISTERED NUMBER:

05322068 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

FIXED ASSETS

Tangible assets

4

187,170

173,044

CURRENT ASSETS

Stocks

5

273,075

129,810

Debtors

6

379,711

382,185

Cash at bank

547,789

773,774

1,200,575

1,285,769

CREDITORS

Amounts falling due within one year

7

77,266

146,053

NET CURRENT ASSETS

1,123,309

1,139,716

TOTAL ASSETS LESS CURRENT LIABILITIES

1,310,479

1,312,760

CREDITORS

Amounts falling due after more than one year

8

(2,188

)

(14,363

)

PROVISIONS FOR LIABILITIES

(35,562

)

(23,378

)

NET ASSETS

1,272,729

1,275,019

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

9

1,272,709

1,274,999

SHAREHOLDERS' FUNDS

1,272,729

1,275,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 January 2019 and were signed by:

Mr R J Western - Director

1.	STATUTORY INFORMATION

Robert J Western Building Services Ltd 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

-

not provided

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

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.

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.

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.

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 June 2017

50,000

321,820

6,150

Additions

-

33,000

-

Disposals

-

(6,750

)

-

At 31 May 2018

50,000

348,070

6,150

DEPRECIATION

At 1 June 2017

-

233,867

5,466

Charge for year

-

27,739

171

Eliminated on disposal

-

(6,094

)

-

At 31 May 2018

-

255,512

5,637

NET BOOK VALUE

At 31 May 2018

50,000

92,558

513

At 31 May 2017

50,000

87,953

684

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2017

101,386

2,721

482,077

Additions

45,600

-

78,600

Disposals

(101,386

)

-

(108,136

)

At 31 May 2018

45,600

2,721

452,541

DEPRECIATION

At 1 June 2017

67,560

2,140

309,033

Charge for year

10,346

192

38,448

Eliminated on disposal

(76,016

)

-

(82,110

)

At 31 May 2018

1,890

2,332

265,371

NET BOOK VALUE

At 31 May 2018

43,710

389

187,170

At 31 May 2017

33,826

581

173,044

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

Plant and

machinery

£

COST

At 1 June 2017

and 31 May 2018

64,000

DEPRECIATION

At 1 June 2017

26,000

Charge for year

9,500

At 31 May 2018

35,500

NET BOOK VALUE

At 31 May 2018

28,500

At 31 May 2017

38,000

5.

STOCKS

2018

2017

£

£

Stocks

6,075

6,145

Work-in-progress

267,000

123,665

273,075

129,810

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

14,432

5,489

Intercompany balance

343,881

343,881

VAT

17,823

1,215

Prepayments and accrued income

3,575

31,600

379,711

382,185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

12,175

10,543

Trade creditors

35,670

69,006

Tax

5,801

60,712

Social security and other taxes

870

723

Other creditors

-

2,277

Directors' current accounts

19,441

2,792

Accrued expenses

3,309

-

77,266

146,053

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

2,188

14,363

9.

RESERVES

Retained

earnings

£

At 1 June 2017

1,274,999

Profit for the year

24,333

Dividends

(26,623

)

At 31 May 2018

1,272,709

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year dividends of £26,623 were paid to the director. Included within other creditors is a balance owed to Mr R J

Western of £19,441. This loan has no repayment terms and does not attract interest.

11.	RELATED PARTY DISCLOSURES

During the year the company invoiced Bredon Norton Builders Ltd, a company of which Mr R J Western is a director and

shareholder.

The invoiced total was £210,281 and is included in turnover, all transactions were at arms length and related to the trade of

the company. Included in other debtors is a balance of £343,881 owed from Bredon Norton Builders Ltd.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R J Western.