Nottingham Garage Doors Ltd,Ltd - AccountsLtd - Accounts

Nottingham Garage Doors Ltd,Ltd - AccountsLtd - Accounts

NOTTINGHAM GARAGE DOORS LTD - Company Information

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2017-10-01 05249544 2018-09-30 05249544 2017-10-01 2018-09-30 05249544 uk-bus:RegisteredOffice 2017-10-01 2018-09-30 05249544 uk-bus:Director1 2017-10-01 2018-09-30 05249544 uk-bus:Director1 2018-09-30 05249544 2017-09-30 05249544 2016-10-01 2017-09-30 05249544 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 05249544 uk-core:RetainedEarningsAccumulatedLosses 2018-09-30 05249544 uk-core:WithinOneYear 2017-09-30 05249544 uk-core:WithinOneYear 2018-09-30 05249544 uk-core:AfterOneYear 2017-09-30 05249544 uk-core:AfterOneYear 2018-09-30 05249544 uk-core:ShareCapital 2018-09-30 05249544 uk-core:ShareCapital 2017-09-30 05249544 uk-core:PlantMachinery 2017-10-01 2018-09-30 05249544 uk-core:ToolsEquipment 2017-10-01 2018-09-30 05249544 uk-core:MotorVehicles 2017-10-01 2018-09-30 05249544 uk-core:ToolsEquipment 2017-09-30 05249544 uk-core:MotorVehicles 2017-09-30 05249544 uk-core:PlantMachinery 2017-09-30 05249544 uk-core:PlantMachinery 2018-09-30 05249544 uk-core:MotorVehicles 2018-09-30 05249544 uk-core:ToolsEquipment 2018-09-30 05249544 uk-core:WithinOneYear uk-core:Secured 2018-09-30 05249544 uk-core:WithinOneYear uk-core:Secured 2017-09-30 05249544 uk-core:WithinOneYear 2018-09-30 05249544 uk-core:WithinOneYear 2017-09-30 iso4217:GBP 05249544 uk-bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 05249544 uk-bus:FRS102 2017-10-01 2018-09-30 05249544 uk-bus:FullAccounts 2017-10-01 2018-09-30 05249544 uk-bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30
Nottingham Garage Doors Ltd
Registered Number:05249544
For the year ended 30 September 2018
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 30 September 2018
Nottingham Garage Doors Ltd
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountant's Report
4
Statement of Income and Retained Earnings
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
3
For the year ended 30 September 2018
Nottingham Garage Doors Ltd
Company Information
J R Godber
Director
05249544
Registered Number
Unit 9 Huss's Lane
Registered Office
Long Eaton
Derbyshire
NG10 1GS
Chaddesden Accountants Ltd
Accountant
The Old Church
42a Reginald Road South
Chaddesden
Derby
DE21 6NF
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4
For the year ended 30 September 2018
Nottingham Garage Doors Ltd
Director's Report
The director presents his report and accounts for the year ended 30 September 2018.
Principal activities
The principal activity of the company continued to be that of the installation and repair of electric garage doors equipment.
Director
The director who served the company throughout the year was as follows:
J R Godber
J R Godber
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
06 December 2018
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5
For the year ended 30 September 2018
Nottingham Garage Doors Ltd
Independent Accountant's Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the year ended 30 September 2018 and you consider that the company is exempt from an audit under the
Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in
order to assist you to fulfil your statutory responsibilities, from the accounting records and information and
explanations supplied to us.
Chaddesden Accountants Ltd
The Old Church
42a Reginald Road South
Chaddesden
Derby
DE21 6NF
Date:
06 December 2018
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6
For the year ended 30 September 2018
Nottingham Garage Doors Ltd
Statement of Income and Retained Earnings
2017
£
2018
£
Turnover
407,887
371,531
(268,613)
Cost of sales
(299,206)
102,918
Gross profit
108,681
Administrative expenses
(69,469)
(72,970)
Operating profit
39,212
29,948
39,212
29,948
Profit before taxation
(8,018)
(3,784)
Taxation
31,194
Profit for the financial year
26,164
Retained earnings at 01 October 2017
-
308
Dividends paid and payable for the year
(31,000)
(26,472)
Retained earnings at 30 September 2018
194
-
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7
As at 30 September 2018
Nottingham Garage Doors Ltd
Statement of Financial Position
Registered Number :
05249544
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
9,525
12,513
2
9,525
12,513
Current assets
Inventories
961
961
3
Trade and other receivables
39,538
39,280
4
23,174
Cash and cash equivalents
21,703
61,944
63,673
Trade and other payables: amounts falling due within one
year
(62,197)
(60,976)
5
1,476
968
Net current assets
Total assets less current liabilities
10,493
13,989
Trade and other payables: amounts falling due after more
than one year
(13,988)
(10,298)
6
195
Net assets
1
Capital and reserves
Called up share capital
1
1
Retained earnings
194
-
195
1
Shareholders' funds
For the year ended 30 September 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
J R Godber
These financial statements were approved and authorised for issue by the Board on 06 December 2018 and were signed by:
The notes form part of these financial statements
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8
For the year ended 30 September 2018
Nottingham Garage Doors Ltd
Notes to the Financial Statements
Statutory Information
Nottingham Garage Doors Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05249544.
Registered address:
Unit 9 Huss's Lane
Long Eaton
Derbyshire
NG10 1GS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Office equipment
25% Reducing balance
Motor Vehicles
The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent
depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective
January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that
valuation has not been updated.
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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9
For the year ended 30 September 2018
Nottingham Garage Doors Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office
equipment
Motor Vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 October 2017
25,064
3,344
14,495
7,225
At 30 September 2018
7,225
14,495
3,344
25,064
Provision for depreciation and impairment
At 01 October 2017
12,551
3,118
3,624
5,809
Charge for year
2,988
58
2,718
212
At 30 September 2018
15,539
3,176
6,342
6,021
At 30 September 2018
Net book value
1,204
8,153
168
9,525
At 30 September 2017
1,416
10,871
226
12,513
3. Inventories
2017
2018
£
£
Stocks
961
961
4. Trade and other receivables
2017
2018
£
£
Trade debtors
39,071
29,759
Other debtors
209
9,779
39,538
39,280
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft (secured)
2,534
4,934
Bank loans and overdraft
3,662
4,091
Trade creditors
40,543
47,449
Taxation and social security
13,769
5,273
Other creditors
468
450
60,976
62,197
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10
For the year ended 30 September 2018
Nottingham Garage Doors Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
10,298
13,988
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