Delfield Precision Services Limited - Accounts to registrar (filleted) - small 18.2
Delfield Precision Services Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2018 |
| for |
| Delfield Precision Services Limited |
| Delfield Precision Services Limited (Registered number: 08762998) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Delfield Precision Services Limited |
| Company Information |
| for the Year Ended 31 July 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2 Church Street |
| Burnham |
| Buckinghamshire |
| SL1 7HZ |
| Delfield Precision Services Limited (Registered number: 08762998) |
| Balance Sheet |
| 31 July 2018 |
| 31.7.18 | 31.7.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 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 |
| 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. |
| Delfield Precision Services Limited (Registered number: 08762998) |
| Balance Sheet - continued |
| 31 July 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 |
| Delfield Precision Services Limited (Registered number: 08762998) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2018 |
| 1. | STATUTORY INFORMATION |
| Delfield Precision Services Limited is a |
| The 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 net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Depreciation is provided on the cost of buildings included in investment property at 2%. |
| 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 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2017 |
| Additions |
| At 31 July 2018 |
| DEPRECIATION |
| At 1 August 2017 |
| Charge for year |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| Delfield Precision Services Limited (Registered number: 08762998) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2017 |
| Revaluations | 108,419 |
| At 31 July 2018 |
| DEPRECIATION |
| Charge for year | 12,000 |
| At 31 July 2018 | 12,000 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| Included in fair value of investment property is freehold land of £ 1,000,000 (2017 - £ 1,000,000 ) which is not |
| depreciated. |
| Fair value at 31 July 2018 is represented by: |
| £ |
| Valuation in 2018 | 108,419 |
| Cost | 1,703,581 |
| 1,812,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Cost | 1,703,581 | - |
| Aggregate depreciation | (12,000 | ) | - |
| investment property was valued on an open market basis basis on 31 July 2018 by Telsar Limited . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Delfield Precision Services Limited (Registered number: 08762998) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 9) |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 1,081,156 | 1,115,856 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Gross obligations repayable: |
| Within one year |
| Between one and five years |
| Finance charges repayable: |
| Within one year |
| Between one and five years |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Delfield Precision Services Limited (Registered number: 08762998) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2018 |
| 9. | LEASING AGREEMENTS - continued |
| Non-cancellable |
| operating leases |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.7.18 | 31.7.17 |
| £ | £ |
| Bank loans |
| Lloyds Bank PLC holds a debenture as first mortgage over the company's freehold property. The bank also a |
| holds a guarantee from the company in respect of any amounts due to the bank by Delfield Precision Engineering |
| Co. Ltd. |
| 11. | ULTIMATE CONTROLLING PARTY |
| There is no singular controlling party. |