Border Softwood Limited - Accounts to registrar (filleted) - small 18.2
Border Softwood Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2018 |
| FOR |
| BORDER SOFTWOOD LIMITED |
| BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30th June 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BORDER SOFTWOOD LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30th June 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 15 Bridge Road |
| Wellington |
| Telford |
| Shropshire |
| TF1 1EB |
| BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606) |
| BALANCE SHEET |
| 30th June 2018 |
| 30.6.18 | 30.6.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606) |
| BALANCE SHEET - continued |
| 30th June 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 director on |
| BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30th June 2018 |
| 1. | STATUTORY INFORMATION |
| Border Softwood 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 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 |
| Sheds | - |
| Plant and machinery | - |
| Investment properties |
| The Directors believe the fair value of the Investment Properties cannot be measured reliably without undue cost |
| or effort. As required under FRS102, the properties are accounted for under the cost less depreciation method. |
| The Investment Properties are not depreciated as they are maintained at a level of repair that ensures their current |
| value (which is reviewed on an annual basis by the Directors) exceeds the original cost, and, will ensure the |
| residual value of the properties at the end of their useful life will be greater than their original cost. |
| 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. |
| 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 |
| BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th June 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Sheds | machinery | Totals |
| £ | £ | £ |
| COST |
| At 1st July 2017 |
| Additions |
| At 30th June 2018 |
| DEPRECIATION |
| At 1st July 2017 |
| Charge for year |
| At 30th June 2018 |
| NET BOOK VALUE |
| At 30th June 2018 |
| At 30th June 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st July 2017 |
| Revaluations | 130,845 |
| At 30th June 2018 |
| NET BOOK VALUE |
| At 30th June 2018 |
| At 30th June 2017 |
| Fair value at 30th June 2018 is represented by: |
| £ |
| Valuation in 2018 | 419,283 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th June 2018 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 12,478 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Bank loans |
| The National Westminster Bank PLC has a fixed charge over the land at Units E17, E18 and G12 Wem |
| Industrial Estate, Wem, Shropshire. |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| Property revaluation | 130,845 |
| Property revaluation - deferred tax provision | (24,861 | ) |
| At 30th June 2018 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is C D Bevan-Jones. |