South West Restorations Limited
South West Restorations Limited
Registered number: 06581095
Directors' Report and
Financial Statements
For The Year Ended 30 April 2018
South West Restorations Limited
Directors' Report and Financial Statements
For The Year Ended 30 April 2018
Directors' Report and Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountants' Report | 3 |
| Dormant Profit and Loss Account Statement | 4 |
| Balance Sheet | 5—6 |
| Notes to the Financial Statements | 7—8 |
South West Restorations Limited
Company Information
For The Year Ended 30 April 2018
Company Information
| Director |
|
| Company Number |
|
| Registered Office | 39 High Street |
| Orpington | |
| Kent | |
| BR6 0JE | |
| Accountants |
|
|
|
|
| Orpington | |
| Kent | |
| BR6 0JE | |
Page 1
South West Restorations Limited
Company No. 06581095
Directors' Report For The Year Ended 30 April 2018
Directors' Report
The directors present their report and the financial statements for the year ended 30 April 2018 .
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the year were as follows:
|
|
||
|
|
APPOINTED |
|
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
|
|
|
|
Page 2
South West Restorations Limited
Accountants' Report
For The Year Ended 30 April 2018
Accountants' Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2018 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
|
|
39 High Street
Orpington
Kent
BR6 0JE
Page 3
South West Restorations Limited
Dormant Profit and Loss Account Statement
For The Year Ended 30 April 2018
Dormant Profit and Loss Account Statement
The company has not traded during the financial year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 4
South West Restorations Limited
Balance Sheet
As at
30 April 2018
Balance Sheet
| 2018 | 2017 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Stocks |
|
|
|||
| Debtors | 3 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year |
|
( |
|||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year |
|
( |
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 4 |
|
|
||
| Profit and Loss Account |
( |
|
|||
| SHAREHOLDERS' FUNDS | 49,438 | 160,138 | |||
Page 5
South West Restorations Limited
Balance Sheet (continued)
As at
30 April 2018
Directors' responsibilities:
-
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. -
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
|
|
|
|
The notes on pages 7 to 8 form part of these financial statements.
Page 6
South West Restorations Limited
Notes to the Financial Statements
For The Year Ended 30 April 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents amounts receivable for goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
| Motor Vehicles |
|
1.4.
Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Tangible Assets
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at |
|
| As at |
|
| Depreciation | |
| As at |
|
| As at |
|
| Net Book Value | |
| As at |
|
| As at |
|
3.
Debtors
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
|
|
|
||
Page 7
South West Restorations Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2018
5.
Ultimate Controlling Party
The company's ultimate controlling party is Brendon McGurran by virtue of his ownership of 100% of the issued share capital in the company.
6.
General Information
South West Restorations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06581095 . The registered office is 39 High Street, Orpington, Kent, BR6 0JE.
Page 8