Geo.A.Scanlan & Son Limited - Period Ending 2018-07-31
Geo.A.Scanlan & Son Limited - Period Ending 2018-07-31
Registration number:
Geo.A.Scanlan & Son Limited
for the Year Ended 31 July 2018
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
Geo.A.Scanlan & Son Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Geo.A.Scanlan & Son Limited
Company Information
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Directors |
Miss K Scanlan Mrs D Wilshaw Mrs C F Reddock |
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Company secretary |
Miss K Scanlan |
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Registered office |
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Accountants |
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Page 1 |
Geo.A.Scanlan & Son Limited
(Registration number: 00690994)
Balance Sheet as at 31 July 2018
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Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors Report has been taken.
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Page 2 |
Geo.A.Scanlan & Son Limited
(Registration number: 00690994)
Balance Sheet as at 31 July 2018
Approved and authorised by the
.........................................
Company secretary and director
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Page 3 |
Geo.A.Scanlan & Son Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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General information |
The company is a private company limited by share capital, incorporated in Other.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Page 4 |
Geo.A.Scanlan & Son Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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Asset class |
Depreciation method and rate |
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Plant and machinery |
25% on reducing balance |
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Fixtures and fittings |
15% on reducing balance |
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Motor vehicles |
25% on cost and 25% on reducing balance |
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
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Cost or valuation |
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At 1 August 2017 |
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Additions |
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- |
- |
- |
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Disposals |
- |
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( |
( |
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At 31 July 2018 |
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- |
- |
- |
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Depreciation |
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At 1 August 2017 |
- |
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Eliminated on disposal |
- |
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( |
( |
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At 31 July 2018 |
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- |
- |
- |
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Carrying amount |
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At 31 July 2018 |
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- |
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At 31 July 2017 |
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Page 5 |
Geo.A.Scanlan & Son Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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Total |
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Cost or valuation |
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At 1 August 2017 |
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Additions |
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Disposals |
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At 31 July 2018 |
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Depreciation |
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At 1 August 2017 |
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Eliminated on disposal |
( |
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At 31 July 2018 |
- |
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Carrying amount |
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At 31 July 2018 |
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At 31 July 2017 |
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Page 6 |
Geo.A.Scanlan & Son Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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Stocks |
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2018 |
2017 |
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Other inventories |
- |
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Debtors |
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Note |
2018 |
2017 |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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2018 |
2017 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Page 7 |