Wrencon Limited - Accounts to registrar (filleted) - small 18.2
Wrencon Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Wrencon Limited |
| Unaudited Financial Statements for the Year Ended 30 April 2018 |
| Wrencon Limited (Registered number: 02116690) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Wrencon Limited |
| Company Information |
| for the Year Ended 30 April 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3 Southernhay West |
| Exeter |
| Devon |
| EX1 1JG |
| Wrencon Limited (Registered number: 02116690) |
| Balance Sheet |
| 30 April 2018 |
| 2018 | 2017 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Wrencon Limited (Registered number: 02116690) |
| Balance Sheet - continued |
| 30 April 2018 |
| 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 its behalf by: |
| Wrencon Limited (Registered number: 02116690) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2018 |
| 1. | STATUTORY INFORMATION |
| Wrencon Limited is a |
| 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 |
| Turnover |
| Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and |
| services to customers. It includes income where the company is entitled to such for the provision of |
| goods and services through the performance of contractual obligations. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow |
| moving stocks. Net realisable value is based on selling price less anticipated costs to completion and |
| selling costs. |
| 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. |
| Wrencon Limited (Registered number: 02116690) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals payable under operating leases are charged in the profit and loss account on a straight line |
| basis over the lease term. |
| Assets held under finance leases, which are leases where substantially all the risks and rewards of |
| ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible |
| fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital |
| elements of future obligations under the leases are included as liabilities in the balance sheet. The |
| interest element of the rental obligation is charged to the profit and loss account over the period of |
| the lease and represents a constant proportion of the balance of capital repayments outstanding. |
| Assets held under hire purchase agreements are capitalised as tangible fixed assets and are |
| depreciated over the shorter of the lease term and their useful lives. The capital element of future |
| finance payments is included within creditors. Finance charges are allocated to accounting periods |
| over the length of the contract. |
| 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. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is |
| any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 May 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2018 |
| DEPRECIATION |
| At 1 May 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 30 April 2017 |
| Wrencon Limited (Registered number: 02116690) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 May 2017 |
| Additions |
| Disposals | ( |
) |
| At 30 April 2018 |
| DEPRECIATION |
| At 1 May 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 30 April 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Long term |
| debtors |
| £ |
| At 1 May 2017 |
| and 30 April 2018 |
| The long term debtor is classified as an investment in Wrencon Developments Limited, a company |
| under common ownership. |
| 6. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Stocks |
| Wrencon Limited (Registered number: 02116690) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2018 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts | 18,348 | 7,096 |
| 11. | CONTINGENT LIABILITIES |
| The company has given an unlimited guarantee in respect of all monies owed by Wrencon |
| Developments Limited to its bankers. Wrencon Developments Limited is a company under common |
| management. |